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Deere & Co (DE.N)

DE.N on New York Stock Exchange

151.51USD
14 Jun 2019
Change (% chg)

$-0.02 (-0.01%)
Prev Close
$151.53
Open
$151.66
Day's High
$152.08
Day's Low
$149.54
Volume
237,886
Avg. Vol
466,843
52-wk High
$169.99
52-wk Low
$128.37

Latest Key Developments (Source: Significant Developments)

Deere & Company Announces Quarterly Dividend
Wednesday, 29 May 2019 

May 29 (Reuters) - Deere & Co ::ANNOUNCES QUARTERLY DIVIDEND.SETS REGULAR QUARTERLY DIVIDEND OF $0.76PER SHARE.  Full Article

Deere Sees Large Ag Sales To Be On The Lower End Of Prior Range - Conf Call
Friday, 17 May 2019 

May 17 (Reuters) - Deere & Co ::DEERE SAYS DESPITE HIGH PRODUCTION LEVELS FORECASTED FOR THE '19 AND '20 SEASON, CORN'S GLOBAL STOCK TO USE RATIO IS EXPECTED TO DECLINE IN RESPONSE TO RECORD CONSUMPTION OUTPACING SUPPLY - CONF CALL.DEERE SAYS WHEAT STOCK TO USE RATIO IS PROJECTED TO INCREASE IN '19 AND '20 DUE TO A SHARP PRODUCTION RECOVERY FROM LAST YEAR'S DROUGHT-STRICKEN REGIONS SUCH AS EUROPE AND AUSTRALIA.DEERE SAYS SOYBEAN STOCK TO USE RATIO IS FORECASTED TO REMAIN AT ELEVATED LEVELS TO THE '19 TO '20 MARKETING YEAR IN RESPONSE TO HIGHER-THAN-EXPECTED YIELDS IN THE U.S. AND THE ONGOING TRADE DISPUTE BETWEEN THE U.S. AND CHINA.DEERE SAYS 2019 PRINCIPAL CROP CASH RECEIPTS ARE ESTIMATED TO BE ROUGHLY $117 BILLION, A DECLINE OF 4% SINCE LAST QUARTER.DEERE ANTICIPATES LARGE AG INDUSTRY SALES TO BE ON THE LOWER END OF PRIOR RANGE, WITH CANADIAN DEMAND TURNING NEGATIVE DUE TO ADVERSE WEATHER.DEERE SAYS SMALL AG EQUIPMENT COMPACT TRACTORS CONTINUED TO SHOW A STRONG ORDER BOOK FOR 2019, DRIVEN BY A HEALTHY U.S. ECONOMY AND GDP GROWTH.DEERE SAYS REDUCING FULL YEAR OPERATING MARGIN FORECAST FOR AGRICULTURE AND TURF EQUIPMENT BUSINESS fROM 12% TO 11% TO REFLECT UNFAVORABLE MOVEMENTS IN VOLUME AND MIX, AS WELL AS THE IMPACT OF LOWER PRODUCTION SCHEDULES.DEERE SAYS COST AND EXPENSES AS PERCENT OF NET SALES EXPECTED TO BE ABOUT 76% IN FISCAL 2019 VERSUS PRIOR EXPECTATION OF ABOUT 75%.DEERE SAYS IDENTIFYING OPPORTUNITIES TO MANAGE COSTS.  Full Article

Deere & Co Reports Qtrly Earnings Per Share of $3.52
Friday, 17 May 2019 

May 17 (Reuters) - Deere & Co ::QUARTERLY NET SALES RISE 5% TO $10.3 BILLION.EQUIPMENT SALES ARE PROJECTED TO INCREASE BY ABOUT 5 PERCENT FOR FISCAL 2019.QTRLY EARNINGS PER SHARE $3.52.WORLDWIDE NET SALES AND REVENUES INCREASED 6 PERCENT, TO $11.342 BILLION, FOR THE SECOND QUARTER OF 2019.FULL-YEAR EARNINGS FORECAST REVISED TO $3.3 BILLION ON SALES INCREASE OF ABOUT 5%.FY2019 EARNINGS PER SHARE VIEW $11.13, REVENUE VIEW $35.68 BILLION -- REFINITIV IBES DATA.COMPANY EQUIPMENT SALES ARE PROJECTED TO INCREASE BY ABOUT 5 PERCENT FOR FISCAL 2019 COMPARED WITH 2018.INDUSTRY SALES OF AGRICULTURAL EQUIPMENT IN U.S. AND CANADA ARE FORECAST TO BE FLAT TO UP 5 PERCENT FOR FULL YEAR.DEERE - IN FORESTRY, GLOBAL INDUSTRY SALES FOR 2019 EXPECTED TO BE FLAT TO UP 5 PERCENT MAINLY DUE TO IMPROVED DEMAND IN EU28 COUNTRIES, RUSSIA.DEERE - SOUTH AMERICAN INDUSTRY SALES OF TRACTORS, COMBINES PROJECTED TO BE FLAT TO UP 5 PERCENT FOR 2019 BENEFITING FROM STRENGTH IN BRAZIL.INCLUDED IN FISCAL 2019 COMPANY EQUIPMENT SALES FORECAST ARE WIRTGEN RESULTS FOR FULL FISCAL YEAR OF 2019 VERSUS 10 MONTHS OF THE PRIOR YEAR.Q2 EARNINGS PER SHARE VIEW $3.62, REVENUE VIEW $10.19 BILLION -- REFINITIV IBES DATA.QTRLY CONSTRUCTION & FORESTRY NET SALES $2,991 MILLION VERSUS $2,698 MILLION.SAYS "SOFTENING CONDITIONS IN THE AGRICULTURAL SECTOR HAVE LED DEERE TO ADOPT A MORE CAUTIOUS FINANCIAL OUTLOOK FOR THE YEAR".QTRLY AGRICULTURE & TURF NET SALES $7,282 MILLION VERSUS $7,049 MILLION.  Full Article

Deere & Co - April 2019 Retail Sales For Rolling Three Months For U.S. And Canada AG 4Wd Tractors Were Up More Than The Industry
Friday, 17 May 2019 

May 17 (Reuters) - Deere & Co ::DEERE & CO - APRIL 2019 RETAIL SALES FOR ROLLING THREE MONTHS FOR U.S. AND CANADA AG 4WD TRACTORS WERE UP MORE THAN THE INDUSTRY.DEERE & CO - APRIL 2019 RETAIL SALES FOR ROLLING THREE MONTHS FOR U.S. AND CANADA AG COMBINES WERE LESS THAN THE INDUSTRY.  Full Article

Deere & Co - Sees Fiscal 2019 Net Income Forecast Of About $3.3 Billion
Friday, 17 May 2019 

May 17 (Reuters) - Deere & Co ::DEERE & CO - SEES FISCAL 2019 NET INCOME FORECAST OF ABOUT $3.3 BILLION.DEERE & CO - SEES FISCAL 2019 NET OPERATING CASH FLOWS FOR EQUIPMENT OPERATIONS OF ABOUT $4.1 BILLION.DEERE & CO - SEES 2019 WORLDWIDE AGRICULTURE & TURF NET SALES UP ABOUT 2 PERCENT VERSUS PREVIOUS FORECAST OF UP ABOUT 4 PERCENT.DEERE & CO - SEES 2019 WORLDWIDE CONSTRUCTION & FORESTRY NET SALES UP ABOUT 11 PERCENT VERSUS PREVIOUS FORECAST OF UP ABOUT 13 PERCENT.DEERE & CO - SEES 2019 EQUIPMENT OPERATIONS CAPITAL EXPENDITURES OF ABOUT $1.15 BILLION.  Full Article

Deere March Retail Sales For U.S. & Canada AG Combines Were Up More Than Industry
Thursday, 11 Apr 2019 

April 10 (Reuters) - Deere & Co ::DEERE & CO SAYS DEERE MARCH 2019 RETAIL SALES FOR ROLLING 3 MONTHS FOR US. AND CANADA AG COMBINES WERE UP MORE THAN THE INDUSTRY.DEERE & CO SAYS DEERE MARCH 2019 RETAIL SALES FOR ROLLING 3 MONTHS FOR US. AND CANADA AG 4WD TRACTORS WERE UP MORE THAN THE INDUSTRY.  Full Article

Deere & Co Elects Ryan Campbell As CFO
Friday, 1 Mar 2019 

March 1 (Reuters) - Deere & Co ::DEERE & CO - BOARD ELECTED RYAN D. CAMPBELL, SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 1, 2019.DEERE & CO - CAMPBELL REPLACES RAJESH KALATHUR, WHO HAS BEEN ELECTED TO THE POSITION OF PRESIDENT, JOHN DEERE FINANCIAL & CHIEF INFORMATION OFFICER.DEERE & CO - CAMPBELL WAS ELECTED VICE PRESIDENT AND DEPUTY FINANCIAL OFFICER LAST YEAR.DEERE & CO - CAMPBELL WILL RECEIVE AN ANNUALIZED BASE SALARY OF $567,768.  Full Article

Deere & Co Sets Regular Quarterly Dividend Of $0.76 Per Share
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Deere & Co ::SETS REGULAR QUARTERLY DIVIDEND OF $0.76 PER SHARE.  Full Article

Deere & Co - Sees FY2019 Equipment Operations Capex Of About $1150 Million
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Deere & Co ::DEERE & CO - SEES FY 2019 EQUIPMENT OPERATIONS CAPEX OF ABOUT $1150 MILLION.  Full Article

Third Point Dissolves Share Stake In Deere & Co
Saturday, 9 Feb 2019 

Feb 8 (Reuters) - THIRD POINT LLC ::THIRD POINT LLC DISSOLVES SHARE STAKE IN DEERE & CO - SEC FILING.THIRD POINT LLC UPS SHARE STAKE IN CAMPBELL SOUP CO BY ABOUT 16.7 PERCENT TO 21 MILLION SHARES - SEC FILING.THIRD POINT LLC CUTS SHARE STAKE IN MERCK & CO INC BY ABOUT 38.3 PERCENT TO 2.775 MILLION SHARES - SEC FILING.THIRD POINT LLC - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Deere blames escalating trade war for worsening outlook

Deere & Co on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for the company's equipment.