Insider Trading : Wed 6/7/23

Notable purchases -- CEO/10% owner adds to ZUMZ; notable sales -- CEO active in ALTR

Buyers:

• ATHA Chief Financial Officer and Chief Business Officer bought 65,012 shares at $2.85 - $3.02 worth ~$192K.
• DE Director bought 675 shares at $ $370.57 - $371.38 worth ~$250K.
• FCPT President and CEO bought 7,600 shares at $26.05 - $26.08 worth ~$198K.
• ISTR Director bought 10,000 shares at $11.25 - $11.57 worth ~$114K.
• PRAA Director bought 7,425 shares at $20.16 - $20.20 worth ~$150K.
• ZUMZ CEO/10% owner and President - International bought a total of 84,930 shares at $13.22 - $14.67 worth ~$1.1 mln.

Sellers:

• ALTR CEO sold 9,267 shares at $73.88 - $74.64 worth ~$689K.

Deere (DE) reported earnings on Wed 27 Nov 2018 (b/o)

** charts after earnings **

 

Deere reports EPS in-line, beats on revs; guides FY20 below consensus 

Reports Q4 (Oct) earnings of $2.14 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $2.14; revenues (equipment sales) rose 4.3% year/year to $8.7 bln vs the $8.41 bln S&P Capital IQ Consensus.

Guidance: Agriculture & Turf. Deere's worldwide sales of agriculture and turf equipment are forecast to decline 5 to 10 percent for fiscal-year 2020, including a negative currency-translation effect of 1 percent. Industry sales of agricultural equipment in the U.S. and Canada are forecast to be down about 5 percent, driven by lower demand for large equipment. Full-year industry sales in the EU28 member nations are forecast to be approximately flat as are South American industry sales of tractors and combines. Construction & Forestry. Deere's worldwide sales of construction and forestry equipment are anticipated to be down 10 to 15 percent for 2020, with foreign-currency rates having an unfavorable translation effect of 1 percent. Co sees FY20 net income of $2.7-3.1 bln.

• FY20 Capital IQ consensus calls for net equipment sales growth of +1.6%, so this guidance would translate to below consensus.

Earnings this week : Nov 25 - 29, 19 (wk 48)

Monday (Nov 25)

• Morning: JEC
• Afternoon: A AMBA BECN CAL GBDC HPE MTSC NTNX PANW PVH SR

Tuesday (Nov 26)

• Morning: ANF AMWD ADI BNS BBY BITA BURL CHS CBRL DKS DLTR DY EV HRL MOMO MOV TECH TITN
• Afternoon: ADSK BOX CENT DELL GES HPQ KEYS QADA VEEV VMW

Wednesday (Nov 27)

• Morning: DAKT DE DOYU FRO UXIN

Thursday (Nov 28)

• Holiday (Thanksgiving)

Friday (Nov 29) 

Stock market will close early at 1:00 p.m. on Friday, November 29, 2019 (the day after Thanksgiving).

• none

Deere (DE) reported earnings on Wed 21 Nov 2018 (b/o)

** charts after earnings **

 

Deere misses by $0.15, misses on revs; provides FY19 outlook

• Reports Q4 (Oct) earnings of $2.30 per share, excluding non-recurring items, $0.15 worse than the S&P Capital IQ Consensus of $2.45; net revenues rose 17.6% year/year to $8.34 bln vs the $8.59 bln S&P Capital IQ Consensus.
• Company equipment sales are projected to increase by about 7 percent for fiscal 2019 compared with 2018. Foreign-currency rates are expected to have an unfavorable translation effect on equipment sales of about 2 percent for the year.
• Outlook: Deere's worldwide sales of agriculture and turf equipment are forecast to be up about 3 percent for fiscal-year 2019, including a negative currency-translation effect of 2 percent. Deere's worldwide sales of construction and forestry equipment are anticipated to be up about 15 percent for 2019, with foreign-currency rates having an unfavorable translation effect of 2 percent. Fiscal-year 2019 net income attributable to Deere & Company for the financial services operations is projected to be approximately $630 million.

Earnings this week : Nov 19 - 23, 18 (wk 47)

Earnings confirmed to report this week

Monday (Nov 19) 

• Morning: JD SPB
• Afternoon: A BECN BRKS GH INTU JACK KLIC LB NUAN PSTG URBN

Tuesday (Nov 20)

• Morning: ADI BBY BKS CPB DY HRL JEC KSS LOW MDT MMS NJR PDD ROST SFL TGT TJX
• Afternoon: ADSK BILI BJ CAL CPRT ESL FL GPS KEYS QADA SE

Wednesday (Nov 21)

• Morning: BZUN CMCM DAKT DE QD
• Afternoon: None

Thursday (Nov 22)

• Markets closed for Thanksgiving

Friday (Nov 23)

• None

Deere & Co. (DE) reported earnings on Wed 22 November 2017 (b/o)

** charts before earnings **

** charts after earnings **

 

MOLINE, Ill. (AP) -- Deere & Co. (DE) on Wednesday reported fiscal fourth-quarter net income of $510.3 million.

The Moline, Illinois-based company said it had profit of $1.57 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The agricultural equipment manufacturer posted revenue of $8.02 billion in the period. Its adjusted revenue was $7.09 billion, also topping Street forecasts. Five analysts surveyed by Zacks expected $6.91 billion.

For the year, the company reported profit of $2.16 billion, or $6.68 per share. Revenue was reported as $25.89 billion.

Deere shares have increased 35 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 16 percent. The stock has increased 51 percent in the last 12 months.

Deere (DE) reported earnings on Fri 18 August 17 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Deere beats by $0.02, misses on revs; provides Q4 equip sales guidance including F/X

• Reports Q3 (Jul) earnings of $1.97 per share, $0.02 better than the Capital IQ Consensus of $1.95; revenues rose 16.6% year/year to $6.83 bln vs the $6.92 bln Capital IQ Consensus.
• Agriculture & Turf. Deere's worldwide sales of agriculture and turf equipment are forecast to increase by about 9 percent for fiscal-year 2017, including a positive currency-translation effect of about 1 percent. Industry sales for agricultural equipment in the U.S. and Canada are forecast to be down about 5 percent for 2017, reflecting weakness in the livestock sector and the continuing impact of low crop prices. The decline is affecting both large and small equipment.
• Co issuesguidancefor Q4, sees Q4 revs of equip sales +24% to ~$7.01 bln, may not be comparable to $6.58 bln Capital IQ Consensus Estimate.
• Guidance Details: Company equipment sales are projected to increase about 10 percent for fiscal 2017 and be up about 24 percent for the fourth quarter compared with the same periods of 2016. Included in the forecast is a positive foreign-currency translation effect of about 1 percent for the full year and about 2 percent in the fourth quarter. Net sales and revenues are projected to increase about 11 percent for fiscal 2017 with net income attributable to Deere & Company of about $2.075 billion.

Deere (DE) to buy German road construction equipment maker Wirtgen for $5 billion

 

NEW YORK (AP) — John Deere, famous for its green and yellow farm tractors, will pay almost $5 billion to buy Germany's Wirtgen, a maker of pavers, compacters and other machinery used in road construction.

Moline, Illinois' Deere & Co. says the deal will help its construction business expand internationally. Wirtgen's machines are used to lay concrete and asphalt for highways and roads, crush large rocks and to flatten roads after hot asphalt has been laid down.

Deere says it plans to keep Wirtgen's brands, employees and its business operations.

The deal is expected to close before the end of January, and values Wirtgen at about $5.2 billion including debt.

Deere (DE) reported earnings on Fri 19 May 17 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Deere beats EPS, reports revs in-line; guides Q3 revs above consensus; raises FY17 above consensus:

• Reports Q2 (Apr) earnings of $2.14 per share, excluding $111 mln after tax gain from SitoOne sale, non-recurring items, $0.45 better than the Capital IQ Consensus of $1.69; revenues rose 2.2% year/year to $7.26 bln vs the $7.27 bln Capital IQ Consensus. Sales included price realization of 2 percent for both periods. Foreign-currency rates did not have a material translation effect on net sales for either the quarter or first six months compared with the same periods in the prior year. Equipment net sales in the United States and Canada decreased 5 percent for the quarter and were down 6 percent for the first six months. Outside the U.S. and Canada, net sales increased 14 percent for the quarter and 13 percent for the first six months, with no material effect of currency translation in either period. Improving demand for farm and construction equipment leads to higher second-quarter results. Key markets show signs of further stabilization. The improvement for the quarter was primarily driven by price realization, the impact of a favorable sales mix, favorable effects of foreign-currency exchange and higher shipment volumes, partially offset by higher warranty costs.
• Co issues upside guidance for Q3, sees Q3 revs +18% to ~$6.92 bln vs. $6.24 bln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY17, raises FY17 revs to +9% to ~$25.5 bln from +4% vs. $24.16 bln Capital IQ Consensus Estimate; raises net income to $2 bln from $1.5 bln.

Deere (DE) reported earnings on Wed 11/23/16 (b/o)

** charts before earnings ** 

 

** charts after earnings **

 

Deere beats by $0.51, beats on revs; provides Q1 outlook  :

• Reports Q4 (Oct) earnings of $0.90 per share, $0.51 better than the Capital IQ Consensus of $0.39; revenues fell 4.8% year/year to $5.65 bln vs the $5.36 bln Capital IQ Consensus.  Global farm recession, weak construction-equipment markets lead to lower sales and earnings for fourth quarter and full year.
• Company equipment sales are projected to decrease about 1 percent for fiscal 2017 and be down about 4 percent for the first quarter compared with the same periods of 2016 (Capital IQ consensus -5.4%). Included in the forecast is a positive foreign-currency translation effect of about 1 percent for the year and about 2 percent for the first quarter.
• Agriculture & Turf. Deere's worldwide sales of agriculture and turf equipment are forecast to decrease by about 1 percent for fiscal-year 2017, including a positive currency-translation effect of about 1 percent. Industry sales for agricultural equipment in the U.S. and Canada are forecast to be down 5 to 10 percent for 2017.
• Net sales and revenues are projected to decrease about 1 percent for fiscal 2017, while net income attributable to Deere & Company is anticipated to be about $1.4 billion.
• "Our forecast continues to represent a standard of performance that is considerably higher than in earlier downturn...This illustrates our ongoing success developing a more durable business model and a wider range of revenue sources. At the same time, we are driving further efficiency gains and have confidence we can deliver structural cost reductions of at least $500 million by the end of 2018."

Deere (DE) reported earnings on Fri 8/19/16 (b/o)

** charts before earnings **

  

** charts after earnings **

Deere beats by $0.61, misses on revs; guides Q4 revs in-line; raises FY16 net income guidance  :

• Reports Q3 (Jul) earnings of $1.55 per share, $0.61 better than the Capital IQ Consensus of $0.94; net slaes of equipment operations fell 14.3% year/year to $5.86 bln vs the $6.03 bln Capital IQ Consensus. 
  • Sales included price realization of 2% for the quarter and year to date. Additionally, sales included an unfavorable FX effect of 2% for both the quarter and nine months. Equipment net sales in the United States and Canada decreased 16% for the quarter and 13% year to date. Outside the U.S. and Canada, net sales decreased 12% for the quarter and 7% for the first nine months, with unfavorable currency-translation effects of 4% and 6% for the respective periods.
  • Operating profit improvement for the quarter was primarily driven by price realization, lower (+4% to $625 mln) production costs and a decrease in selling, administrative and general expenses, partially offset by reduced shipment volumes and the unfavorable effects of foreign-currency exchange.
• Co issues in-line guidance for Q4, sees Q4 revs of -8% to $5.46 bln vs. $5.44 bln Capital IQ Consensus Estimate.
• Co raises FY16 net income to $1.35 bln from $1.2 bln; lowers sales to down 10% from down 9%.
• "John Deere's performance in the third quarter reflected the continuing impact of the global farm recession as well as difficult conditions in construction equipment markets," said Samuel R. Allen, chairman and chief executive officer. "All of Deere's businesses remained profitable with the Agriculture & Turf division reporting higher operating profit than last year.

DE — is it a sell?

• 7/22 : Is DE a sell?

• The following day:  -3.53%

• A month later: