Deere Announces Second-Quarter Earnings of $802 Million
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Deere (DE) PT Raised to $130 at Baird Following 2Q Report
May 22, 2017 9:07 AM EDTBaird raised its price target on Deere (NYSE: DE) to $130.00 (from $125.00) while maintaining an Outperform rating. Deere reported 2Q EPS of $2.49, above $1.63 consensus. Equipment sales increased to $7.260 billion, above the consensus estimate of $7.248 billion.
Management expects 2017 equipment sales to increase 9% (+4% previously), including 1% price... More
Deere (DE) PT Raised to $135 at Stifel Following 2Q Release
May 22, 2017 7:33 AM EDTStifel raised its price target on Deere (NYSE: DE) to $135.00 (from $126.00) while maintaining a Buy rating. Second quarter Equipment revenues increased 2% y/y to $7.260 billion, driven primarily by favorable price realization. Deere raised its 2017 outlook across all segments and regions, excepts Asia Ag,... More
Deere & Co. (DE) Tops Q2 EPS by 81c, Sales Beat; Outlook Raised
May 19, 2017 6:47 AM EDTDeere & Co. (NYSE: DE) reported Q2 EPS of $2.49, $0.81 better than the analyst estimate of $1.68. Revenue for the quarter came in at $8.29 billion versus the consensus estimate of $7.31 billion.
Improving demand for farm and construction equipment leads to higher second-quarter results.Key markets show signs of further stabilization.Sound execution, broad business lineup benefit performance.Results include gain on sale of partial interest in SiteOne affiliate.Full-year earnings forecast increased to $2... More