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Deere & Co (DE.N)

DE.N on New York Stock Exchange

145.25USD
22 Nov 2017
Change (% chg)

$6.02 (+4.32%)
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$139.23
Open
$146.00
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$142.43
Volume
1,149,227
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557,258
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$146.00
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$91.84

Latest Key Developments (Source: Significant Developments)

Deere plans to further drive cost reduction effort in 2018 and beyond
Wednesday, 22 Nov 2017 11:05am EST 

Nov 22 (Reuters) - Deere & Co ::Deere & co says global grain and oil seed stock to use ratios are forecast to remain at elevated but generally unchanged levels in 2017 - conf call‍​.Deere & co says in u.s., canada despite current commodity prices, industry experiencing stronger replacement demand for large equipment - conf call‍​.Deere says in brazil, agriculture production expected to decrease about 4 percent in 2018 in u.s. Dollar terms due mainly to record production in 2017.Deere says fiscal year sales increase forecast is led by the u.s. Market and, to a lesser extent, by the eu 28 - conf call.Deere says fy 2018 forecast sales increase in the u.s. Is due in part to significant growth in sale of small agriculture and turf products.Deere says not anticipating at this point of the year increasing any receivables and or field inventory on large agriculture equipment in u.s.,canada.Deere says seeing some strength in new sales due to fact that dealers have been very successful in getting used inventories more rightsized. - conf call.Deere says do plan to further drive cost reduction effort in 2018 and beyond - conf call.Deere says strength in large agriculture equipment market not coming from improved fundamentals, seeing similar type of receipts,income level y-o-y.Deere says mainly seeing underlying replacement demand in large agriculture equipment market, and we believe that it's very sustainable - conf call.  Full Article

Deere & Co reports Q4 earnings per share of $1.57
Wednesday, 22 Nov 2017 06:42am EST 

Nov 22 (Reuters) - Deere & Co :Deere & Co - net income attributable to Deere & Company was $510.3 million, or $1.57 per share, for the fourth quarter‍​.Deere & Co - 2018 forecast calls for net income of $2.6 billion‍​.Deere & Co - company equipment sales are projected to increase by about 22 percent for fiscal 2018 and by about 38 percent for the first quarter.Deere & Co - worldwide net sales and revenues increased 23 percent, to $8.018 billion, for the fourth quarter‍​.Deere & Co - ‍acquisition of Wirtgen Group, expected to close in December 2017, is forecast to contribute about $3.1 billion in net sales in fiscal 2018​.Deere & Co - net sales and revenues are projected to increase about 19 percent for fiscal 2018.Deere & Co - ‍Agriculture & Turf sales increased 22 percent for quarter.Deere & Co - Wirtgen is expected to contribute about $75 million to operating profit and about $25 million to net income in fiscal 2018.Deere & Co - ‍construction and forestry sales increased 37 percent for quarter​.Deere-Worldwide sales of agriculture,turf equipment forecast to increase about 9 % for 2018, including positive currency-translation effect about 2 %.Deere & Co - Wirtgen is expected to add about 12 percent to Deere’s sales for the full year, about 6 percent for Q1 in comparison with 2017.Deere & Co - Asian sales under agriculture & turf are forecast to be flat for fiscal-year 2018 with strength in india offsetting weakness in China.  Full Article

Deere sees FY 2018 equipment operations capex of about $925 mln‍​
Wednesday, 22 Nov 2017 06:37am EST 

Nov 22 (Reuters) - Deere & Co ::Sees FY 2018 total U.S. farm cash receipts of $368.3 billion - conf call slides ‍​.Sees Q1 2018 net sales (equipment operations) up about 38 pct‍​.2017/2018 projection for U.S. farm commodity prices for soybeans is $9.10 per bushel.2017/2018 projection for U.S. farm commodity prices for corn is $3.20 per bushel.Sees FY 2018 equipment operations capex of about $925 million‍​.Sees fiscal 2018 net operating cash flows equipment operations about $3.8 bln‍​.  Full Article

Deere says wins lawsuit in protection of green and yellow colors
Tuesday, 17 Oct 2017 02:00pm EDT 

Oct 17 (Reuters) - Deere & Co ::Says ‍court ruled in favor of Co in lawsuit filed to protect use of trademark green, yellow color combination on John Deere agricultural equipment​.Says ‍court decision permanently bans use of John Deere colors by Fimco, Inc.  Full Article

U.S. CPSC says John Deere recalls lawn tractors, service part transmissions
Wednesday, 20 Sep 2017 01:24pm EDT 

Sept 20 (Reuters) - The U.S. Consumer Product Safety Commission::Says John Deere recalls lawn tractors and service part transmissions due to crash hazard.Says recall involves about 25,000 tractors and 500 transmissions sold as service parts.  Full Article

Deere & Co August retail sales for 4wd tractors in U.S. and Canada Ag more than industry
Monday, 11 Sep 2017 08:15pm EDT 

Sept 11 (Reuters) - Deere & Co -:Says August retail sales for combines in U.S. and Canada Ag less than the industry .Says August retail sales of selected turf & utility equipment in U.S. and Canada up single digit percent.August retail sales for 2wd tractors ( < 40 pto hp) in U.S. and Canada agriculture more than the industry.August retail sales for 4wd tractors in U.S. and Canada Ag more than the industry.  Full Article

Deere & Co says August retail sales in U.S. and Canada Ag less than industry
Monday, 11 Sep 2017 07:11pm EDT 

Sept 11 (Reuters) - Deere & Co -:Says August retail sales in U.S. and Canada AG less than the industry.Says August retail sales of selected turf & utility equipment in U.S. and Canada up single digit percent.  Full Article

Deere to advance machine learning capabilities in acquisition of Blue River Technology
Wednesday, 6 Sep 2017 06:00pm EDT 

Sept 7 (Reuters) - Deere & Co :Deere to advance machine learning capabilities in acquisition of Blue River Technology.Deere & Co - ‍Said it will invest $305 million to fully acquire Blue River Technology.​.Deere & Co - ‍Plans to have blue river technology remain in Sunnyvale​.  Full Article

Deere & Co sets regular quarterly dividend of $0.60/share
Wednesday, 30 Aug 2017 10:11am EDT 

Aug 30 (Reuters) - Deere & Co ::Sets regular quarterly dividend of $0.60 per share.  Full Article

Deere & Co sees FY 2017 total U.S. farm cash receipts of $367.4‍​ bln
Friday, 18 Aug 2017 07:04am EDT 

Aug 18 (Reuters) - Deere & Co ::2017/2018 projection for U.S. farm commodity prices for soybeans $9.30‍​ per bushel.Sees FY 2017 equipment operations capex about $650 million.2017/2018 projection for U.S. farm commodity prices for corn $3.30 per bushel ‍​.Sees FY 2017 total U.S. farm cash receipts of $367.4‍​ billion - Presentation.  Full Article

Photo

Deere's shares surge after earnings beat estimates

Deere & Co's shares surged on Wednesday after the equipment maker beat quarterly earnings estimates and predicted further improvements in the coming year, amid strong sales in South America and higher demand in the United States and Canada. | Video