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Can Deere Stock Continue Its Recovery?
So far in 2018, Deere (DE) has underperformed the broader market S&P 500 (SPY).
How Did PACCAR Perform in 1Q16?
PACCAR (PCAR) has a market cap of $20.5 billion. PCAR rose by 5.1% to close at $58.93 per share on April 26, 2016.
MDC Partners Issued the Most Junk Bonds in the Week to March 18
MDC Partners (MDCA) offers marketing and communication network services. It issued dollar-denominated junk bonds worth $900 million on March 18.
High-Yield Bond Issuance Fell after the FOMC’s Dovish Statement
Last week brought the total US dollar-denominated issuance of high-yield debt to $24.3 billion in 2016 YTD. It’s 71.0% lower than the same period in 2015.
Inflows Continued into High-Yield Bond Funds, Yields Fell Sharply
Investor flows into high-yield bond funds were positive for the fifth week. Net inflows into high-yield bond funds totaled $1.7 billion in the week ending March 16.
Leases Drive Up Credit Losses in Deere’s Financial Unit
Deere & Company’s (DE) financial services (IYF) unit represented 10.2% of revenues in 3Q16, which is comparable to levels of 10.4% in 3Q15.
High Yield Bond Issuances Rise in the Week Ending June 26
According to data from S&P Capital IQ/LCD, dollar-denominated high yield debt amounting to $5.55 billion was issued in the week ending June 26.
Analyzing Deere’s Valuation before Its Earnings
As of August 14, Deere’s forward PE multiple was at 12.5x, while Caterpillar’s PE multiple was at 11.0x. Deere is trading at a premium compared to Caterpillar.
Deere Q4 Earnings Beat, Stock Falls on Tepid Outlook
Deere & Company (DE) reported slightly better-than-expected earnings results for the fourth quarter. However, the shares fell 4% in the pre-market trade.
Why Deere Might Post Dismal Q4 Earnings Results
Sluggish top-line growth will likely weigh on Deere’s fourth-quarter earnings. Analysts expect the company’s revenues to increase 2.2% YoY.
DowDuPont: Analysts’ Views after Its Q4 Earnings
DowDuPont’s consensus target price is $67.43, which implies a potential return of 23.3% over the closing price of $54.72 as of February 27.
Analyzing Deere’s Expected First-Quarter Revenues
Deere (DE) is expected to report revenues of $6.82 billion in the first quarter from its equipment operations.
Deere: Analysts’ Views before Its Q1 Earnings
Deere (DE) is scheduled to announce its earnings for the first quarter of fiscal 2019 on February 15 before the market opens.
Deere Gets Six Agricultural Innovation Awards
On January 10, 2019, Deere (DE) announced that it had received six AE50 awards.
Can Deere’s Adjusted EPS Beat Wall Street Estimates This Time?
Deere (DE) is expected to post adjusted EPS of $2.45 for the fourth quarter, an increase of 56% on a YoY basis.
Deere’s Q4 2018 Is on Track to Be Best Q4 in Five Years
Deere (DE) is expected to report Q4 revenues of $8.57 billion from its equipment operations.
How Deere Has Performed since Third-Quarter Earnings
Deere’s continued revenue growth due to positive developments could help the stock recover some of its lost ground.
Cummins Introduced a New Diesel Generator Series
Cummins (CMI) announced that it would display the new QSG12 50 HZ diesel generator series at the MATELEC show in Madrid, Spain.
How DowDuPont’s Agriculture Segment Performed in Q3
DowDuPont’s (DWDP) Agriculture segment accounted for 9.7% of DWDP’s Q3 2018 revenues compared to 10.5% in Q3 2017 on a pro forma basis.
Update on Deere’s Senior Leadership Changes
Deere’s senior management will undergo a planned retirement at the end of 2018. The changes will be effective on November 15.
Deere Completed the PLA Acquisition
On September 26, Deere (DE) announced that it completed the acquisition of PLA. Deere entered the definitive agreement to acquire PLA in July.
Deere’s New L-Series II Skidders and Wheeled Feller Bunchers
On September 18, Deere announced the launch of the new L-series II and Wheeled Feller Bunchers. The new series has a simplified design.
Deere and Granular Launched a New Product
Deere stock rose 0.1% and closed at $147.76 for the week ending September 14. The stock traded 2.2% above its 100-day moving average price of $144.61.
John Deere and Wacker Neuson Enter a Strategic Agreement
Yesterday, John Deere (DE) announced in a press release that it has entered into a strategic supplier agreement with the Germany-based Wacker Neuson.
Deere & Company: Product Updates
Although Deere stock is still down 6.6% year-to-date, analysts are bullish on the stock.
Deere Declared a Regular Quarterly Dividend
On August 29, Deere announced the regular quarterly dividend on its outstanding shares. The dividend is expected to be paid on November 1.
Deere’s G5 Technology for High-Capacity Nutrient Applicators
On August 22, Deere (DE) introduced the new John Deere DN495 Spinner Spreader for the F4365 high-capacity nutrient applicator.
Deere Missed Fiscal Q3 2018 Earnings, but Stock Moved Up
Deere (DE) announced its fiscal Q3 2018 earnings before the market opened on August 17. Its adjusted EPS was $2.59, a 31.5% rise YoY.
Deere: Analysts’ Consensus before the Third Fiscal Quarter
For Deere, 65% of the analysts recommend a “buy,” 31% recommend a “hold,” and 4% recommend a “sell.”
What to Expect from Deere’s Adjusted Earnings
Deere (DE) is expected to post an adjusted EPS of $2.75 for the third fiscal quarter—an increase of 44% on a YoY (year-over-year) basis.
Deere’s Fiscal Q3 2018 Revenues Could Breach $9 Billion
Deere (DE) is expected to report revenues of $9.21 billion in the third fiscal quarter from its equipment operations.
Why DWDP’s Materials Science Segment EBITDA Margin Expanded in Q2
DowDuPont’s (DWDP) Material Science segment, which will be spun off and called Dow by the end of Q1 2019, accounted for 51.9% of DWDP’s total revenues in Q2 2018.
Deere’s Latest Acquisition and Stock Price
On July 31, Deere (DE) announced that it has entered into a definitive agreement to acquire PLA—an Argentinian-based company.
John Deere Raises Its Quarterly Dividend Rate
On May 30, Deere (DE) declared a dividend of $0.69 per share for shareholders as of June 29, which represents a 15% increase over its previous dividend of $0.60 per share.
Deere Stock Is on Fire after Strong Guidance, Missed Estimates
Deere & Company (DE) announced its fiscal second-quarter earnings before the market opened on May 18.
Deere’s Stock Performance since Its Q1 2018 Earnings
Deere (DE) is scheduled to announce its fiscal second-quarter earnings on May 18 before the market opens.
Deere & Company Launches Higher Durability Pallet Forks
Deere & Company’s (DE) stock price declined 9.7% and closed at $148.00 for the week ended March 23, 2018.
Deere’s Stock Performance in 2018
In 2018, Deere’s (DE) stock performance has been muted.
How Deere’s Valuation Compares
In this part, we’ll compare Deere’s (DE) valuation with peers’.
What Deere’s Latest Short Interest Data Suggests
Based on the latest short interest report on March 1, 2018, Deere’s (DE) short interest has fallen since the beginning of 2018.
Could Deere Still Attract Long-term Investors?
A dividend yield is the return investors get for every dollar they invest in a company’s equity during their holding period.
A Look at Deere’s 2Q18 Dividends
Deere (DE) has declared its regular cash dividend for 2Q18 to common equity shareholders.
Deere’s Construction & Forestry Revenue Rises but Margins Dip
In fiscal 1Q18, Deere & Company’s (DE) Construction & Forestry segment reported revenue of $1.7 billion.
DE’s Agriculture & Turf Revenue Reverses the Trend in Fiscal 1Q18
Deere & Company’s (DE) Agriculture & Turf segment is its largest revenue generator. It reported revenue of $4.2 billion in fiscal 1Q18.
Deere’s Fiscal 1Q18 Revenue Rises but Falls Short of Estimates
In fiscal 1Q18, Deere & Company (DE) reported total revenue of $6.9 billion inclusive of financial services and other revenue.
Deere Stock Moves Up on Earnings Beat and Good Outlook
Deere & Company (DE) announced its fiscal 1Q18 earnings before the market opened on February 16, 2018.
Deere’s Fiscal 1Q18 Revenues Set for a Big Jump
Deere (DE) is expected to report revenues of $6.4 billion in fiscal 1Q18 from its equipment operations.
How Deere Stock Has Performed since 4Q17 Earnings
Deere (DE) will announce its fiscal 1Q18 earnings on February 16, 2018, before the market opens.
Can Deere’s Stock Price Continue to Rise?
As of December 14, 2017, Deere has risen 45.0% and managed to outperform the broad-based SPDR S&P 500 ETF (SPY), which has returned 18.80%.
Did Deere’s Dividend Growth Hamper Its Dividend Yield?
Deere’s dividend yield has fallen since 3Q15 due to the lack of dividend growth and considerable growth in its stock price.
Deere Didn’t Change Its Final Dividend in Fiscal 2017
Deere’s board has declared the regular quarterly dividend that will be paid on its outstanding shares. Deere will be paying a dividend of $0.60 per share.
Deere’s Earnings Beat Estimates in Fiscal 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.
What Does Deere’s Current Dividend Yield Suggest?
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%.
How Deere Stock Has Performed in 2017 So Far
As of April 4, 2017, Deere’s (DE) YTD (year-to-date) stock performance has been positive with a return of 6.3%.
Longbow Research Upgrades PACCAR to ‘Neutral’
On January 19, 2017, Longbow Research upgraded PACCAR’s rating to “neutral” from “underperform.”
PACCAR Sees an Upgrade in Its Rating
PACCAR (PCAR) has a market cap of $23.4 billion. It rose 1.8% to close at $67.52 per share on January 13, 2017.
Robert W. Baird Downgrades PACCAR to ‘Neutral’
PACCAR’s (PCAR) cash and marketable debt securities fell 17.1%, and its inventories rose 3.5% between 3Q16 and 4Q15.
JPMorgan Upgrades PACCAR to ‘Neutral’
PACCAR (PCAR) has a market cap of $23.9 billion. It fell 0.57% to close at $67.68 per share on December 9, 2016.
Deere’s Financial Unit Continues to Bleed from Used Equipment
Deere (DE) Financial Services represented 11.5% of the company’s revenues in 4Q16, which is higher than 9.7% in 4Q15.
Producer Pessimism on 2017 Agriculture Prospects Rose in October
Purdue University’s agriculture economy barometer measures producer sentiment and the health of the agriculture economy based on a monthly survey of 400 US producers.
What Does the Market Expect from Deere’s Fiscal 4Q16 Earnings?
Deere & Company, the world’s largest manufacturer of tractors and harvesting combines, is scheduled to declare its earnings for fiscal 4Q16 on November 23, 2016.
CLSA Has Given PACCAR an ‘Outperform’ Rating
PACCAR (PCAR) has a market cap of $20.6 billion. It rose 1.5% to close at $58.78 per share on September 30, 2016.
PACCAR Has Declared a Dividend of $0.24 per Share
PACCAR (PCAR) has a market cap of $20.2 billion. It fell 1.4% to close at $56.36 per share on September 13, 2016.
Deutsche Bank Rated PACCAR as a ‘Hold’
PCAR is trading 2.9% below its 20-day moving average, 2.1% above its 50-day moving average, and 9.2% above its 200-day moving average.
What Broad Trends Are Affecting Demand for Deere Equipment?
Deere & Company (DE) expects demand for the farm (MOO) equipment machinery in the US and Canada region to be subdued in the rest of the year.
PACCAR Saw Revenues Trucking Along in 2Q16
PACCAR (PCAR) has a market cap of $20.3 billion. It rose by 4.4% to close at $58.36 per share on July 26, 2016.
Longbow Research Downgrades PACCAR to ‘Underperform’
PACCAR (PCAR) is trading 1.9% above its 20-day moving average, 1.1% below its 50-day moving average, and 4.1% above its 200-day moving average.
PACCAR Declares Quarterly Dividend of $0.24 per Share
PACCAR (PCAR) has a market cap of $18.6 billion. It rose by 1.7% to close at $53 per share on July 11, 2016.
JPMorgan Chase Downgrades PACCAR to ‘Underweight’
PACCAR (PCAR) has a market cap of $17.1 billion. Its stock fell by 6.0% to close at $48.88 per share on June 27, 2016.
Why Goldman Sachs Downgraded Paccar to ‘Neutral’
Paccar (PCAR) has a market cap of $19.2 billion. It fell by 2.4% to close at $54.90 per share on June 3, 2016.
How Have High Yield Bonds Reacted to the Fed’s March Policy?
Yields on high yield bonds, as measured by the BofA Merrill Lynch US High Yield Master II Effective Yield, have fallen since early March. They ended March 15 at 8.39%.
PACCAR’s Revenue and Income Rose in 2015
PACCAR (PCAR) rose by 5.5% to close at $49.07 per share at the end of the last week of January 2016.
Endo International: Biggest Junk Bond Issuer in Week of June 26
Although the quantum of issuance rose in the week ended June 26, it was still lower than earlier in 2015, as yields have run up quite a bit. Most junk bond issuers were Caa/B rated.