Analyzing Deere’s Valuation Compared to Caterpillar
As of June 20, 2017, Deere’s one-year forward PE (price-to-earnings) multiple stood at 18.80x—compared to Caterpillar’s PE multiple at 23.10x.
As of June 20, 2017, 22 analysts from different brokerage firms have been actively tracking Deere (DE) stock—55% of the analysts recommended a “hold.”
As of June 20, 2017, Deere’s (DE) stock price closed at $126.04. With the current dividend rate, Deere’s current dividend yield is 1.90%.
Deere investors are set to receive their third dividend for fiscal 2017. Deere declared a dividend of $0.60 for 3Q17 on the company’s outstanding shares.
So far, Deere’s (DE) shareholders have cherished the run that it has seen in 2017. Deere’s stellar performance caused its stock to rise 22.30%.
As of May 22, 2017, 39.0% of the analysts recommended a “buy” for Deere stock, 43.0% recommended a “hold,” and 18.0% recommended a “sell.”
Deere’s Construction and Forestry segment reported revenue of $1.46 billion in fiscal 2Q17—an increase of 7.4% compared to $1.36 billion in fiscal 2Q16.
Deere’s revenue growth was primarily driven by improved sales outside the US and Canada. Outside this region, its revenue grew 14% during 2Q17.
Deere (DE) announced its fiscal 2Q17 earnings on May 19, 2017, before the market opened. Deere reported EPS of $2.49 and beat analysts’ estimate.
As of May 15, 2017, Wall Street analysts are expecting Deere (DE) to post EPS of $1.67 in fiscal 2Q17. That would be a 7.0% rise year-over-year.
About 39.0% of these analysts have recommended a “buy” for the stock, while 43.0% have recommended a “hold.”
Analysts are expecting Deere (DE) to post revenue of $7.3 billion in 2Q17, a 2.6% rise year-over-year compared to $7.1 billion in 2Q16.
As of April 4, 2017, 22 brokerage firms were actively tracking Deere (DE) stock.
As of April 4, 2017, Deere’s (DE) stock price closed at $109.50. With DE’s 2Q17 quarterly dividend of $0.60 per share, DE’s current dividend yield stands at 2.2%.
On February 22, 2017, Deere (DE) announced a dividend of $0.60 per share for 2Q17 on the company’s outstanding common stock.
As of April 4, 2017, Deere’s (DE) YTD (year-to-date) stock performance has been positive with a return of 6.3%.
Deere’s (DE) Construction and Forestry segment reported revenue of $1.10 billion in fiscal 1Q17—a decline of 6% compared to $1.17 billion in fiscal 1Q16.
Before Deere (DE) announced its fiscal 1Q17 earnings, 22 brokerage firms were actively tracking Deere stock.
Deere’s (DE) Agriculture and Turf segment reported revenue of $3.60 billion in fiscal 1Q17 and remained flat compared to $3.60 billion in fiscal 1Q16.
Deere and Company (DE) reported earnings per share (or EPS) of $0.61 and beat the Wall Street analyst estimate of $0.53.