Home > Boards > US Listed > Food - Processing and Agriculture > Deere & Co. (DE)

DE -4%/PM on soft FY2020* outlook…

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
DewDiligence Member Profile
Member Level 
Followed By 739
Posts 112,978
Boards Moderated 16
Alias Born 09/05/02
160x600 placeholder
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/18/2020 11:14:08 AM
Focused on Unlocking Customer Value, Deere Announces New Operating Model PR Newswire (Canada) - 6/17/2020 10:00:00 AM
Focused on Unlocking Customer Value, Deere Announces New Operating Model PR Newswire (US) - 6/17/2020 10:00:00 AM
Automatic Shelf Registration Statement of Securities of Well-known Seasoned Issuers (s-3asr) Edgar (US Regulatory) - 6/15/2020 11:24:50 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/29/2020 10:49:24 AM
Deere Board elects John Stone as President, Worldwide Construction & Forestry and Power Systems PR Newswire (US) - 5/29/2020 10:00:00 AM
Deere Board elects John Stone as President, Worldwide Construction & Forestry and Power Systems PR Newswire (Canada) - 5/29/2020 10:00:00 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/28/2020 2:24:51 PM
Specialized Disclosure Report (sd) Edgar (US Regulatory) - 5/28/2020 11:15:49 AM
Deere & Company Announces Quarterly Dividend PR Newswire (US) - 5/27/2020 10:59:00 AM
Deere & Company Announces Quarterly Dividend PR Newswire (Canada) - 5/27/2020 10:59:00 AM
Deere Sees Pandemic Pain Deepening -- WSJ Dow Jones News - 5/23/2020 3:02:00 AM
Deere Lowers Sales, Profit Outlook on Coronavirus Impact Dow Jones News - 5/22/2020 1:08:00 PM
Deere Projects Lower Net Income for 2020 Dow Jones News - 5/22/2020 7:45:00 AM
Deere Beats Expectations Despite Smaller 2Q Profit, Revenue Dow Jones News - 5/22/2020 6:59:00 AM
Focused on Safe Operations, Deere Reports Second Quarter Net Income of $665.8 Million PR Newswire (Canada) - 5/22/2020 6:45:00 AM
Focused on Safe Operations, Deere Reports Second Quarter Net Income of $665.8 Million PR Newswire (US) - 5/22/2020 6:45:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/22/2020 6:09:34 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/13/2020 9:01:15 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/1/2020 1:06:38 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 5/1/2020 12:51:51 PM
Verizon Executive Erwin Joins Deere Board of Directors PR Newswire (Canada) - 5/1/2020 6:45:00 AM
Verizon Executive Erwin Joins Deere Board of Directors PR Newswire (US) - 5/1/2020 6:45:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/1/2020 6:39:36 AM
Deere Begins Production Of Protective Face Shields For Health-Care Workers PR Newswire (US) - 4/9/2020 11:00:00 AM
DewDiligence Member Level  Wednesday, 11/27/19 08:40:07 AM
Re: None
Post # of 328 
DE -4%/PM on soft FY2020* outlook…

FY4Q19 PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/q4/4Q_2019_News-Release-and-Financials.pdf

FY4Q19 CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2019/q4/4Q_2019_Earnings-Call-Presentation.pdf

FY2019 full-year GAAP EPS was $10.15, slightly beating the (twice-lowered) guidance of $10.00 (#msg-150576031). In FY4Q19, agriculture-equipment comprised 66% of DE’s product sales, and construction/forestry equipment comprised 34%. (DE’s wholly-owned finance subsidiary is not consolidated for reporting sales.)

FY2020 guidance is for GAAP earnings of $2.7-3.1B, which equates to an (unusually wide) EPS range of $8.57-9.84 (based on 315 million diluted shares). This range is -16% to -3% relative to FY2019 GAAP EPS.

p.s. DE recently took advantage of ultra-low interest rates by raising $500M in 30-year debt at a rate of 2.875% (#msg-150925290)!

*Ending 10/31/20.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist