Revenue Update on Deere & Company(NYSE:DE)

Deere & Company(NYSE:DE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Nov 23, 2016. Company reported revenue of $6.52B. Analysts estimated a revenue of $5.37B. The revenues were $1.15B or 21.42% above the estimates. Earnings per share were $0.90. The reported EPS was above estimates by $0.50 or 125.00%. Analysts had estimated an EPS of $0.40.

In a different note, Deutsche Bank said it Initiates Coverage on Deere & Company, according to a research note issued on Sep 7, 2016. The shares have been rated ‘Hold’ by the firm.

Deere & Company (DE) made into the market gainers list on Fridays trading session with the shares advancing 1.71% or 1.75 points. Due to strong positive momentum, the stock ended at $103.92, which is also near the day’s high of $104.83. The stock began the session at $101.68 and the volume stood at 65,84,679 shares. The 52-week high of the shares is $104.83 and the 52 week low is $70.16. The company has a current market capitalization of $32,675 M and it has 31,44,22,920 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Rajesh Kalathur (Senior Vice President & CFO) sold 4,366 shares at $79.52 per share price.Also, On Jul 1, 2015, Jean H Gilles (Senior Vice President) sold 4,463 shares at $98.21 per share price.On Jun 30, 2015, Max A Guinn (President, WW C&F, Lbr Rltns) sold 14,374 shares at $97.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf construction and forestry and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Company’s construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction earthmoving material handling and timber harvesting. The Company’s financial services segment primarily provides credit services which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

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