Earnings Briefing and Analysis - Deere

LONDON, December 17, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings analysis on Deere & Co. (NYSE: DE). On November 26, 2014, the company reported its Q4 FY14 and full-year FY14 financial results (period ended October 31, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Deere & Co. (Deere). During Q4 FY14, the company reported a 5% decrease on Y-o-Y basis in both total net sales and revenues for the quarter and FY14. Further, for Q4 FY14 net income attributable to Deere was $649.2 million. Chairman and CEO of Deere, Samuel R. Allen, stated that the company has completed another year of solid performance in spite of weaker conditions in the global farm sector, which caused sales and earnings to decline from the record totals of 2013. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

Deere's Q4 FY14 total net sales and revenues declined to $8.97 billion from $9.45 billion in Q4 FY13. However, the company's Q4 FY14 net sales and revenues outperformed Bloomberg analysts' forecasts of $7.67 billion. Deere's Q4 FY14 net sales from its equipment operations decreased 7% to $8.04 billion from $8.62 billion in Q4 FY13. The free research on DE can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Deere&d=17-Dec-2014&s=DE

For Q4 FY14, the company's total operating profit declined 14% to $1.17 billion from $1.36 billion in Q4 FY13. Net income attributable to Deere fell by $0.28 per share to $1.83 per share in the reported quarter, from $2.11 per share, in Q4 FY13.

For full-year FY14, the company's total net sales and revenues fell to $36.07 billion from $37.80 billion in FY13. Deere's FY14 net sales from its equipment operations fell by 6% to $32.96 billion from $35.00 billion in FY13. The company's total operating profit for FY14 fell by 12% to $5.22 billion from $5.93 billion in FY13. During FY14, net income attributable to Deere stood at $3.16 billion, or $8.63 per share, compared to $3.54 billion, or $9.09 per share, in FY13. Analysts from Bloomberg had expected the company to report net income of $3.07 billion, or $8.39 per diluted share, in FY14. Sign up and read the free analyst's notes on DE at:

http://get.Investor-Edge.com/pdf/?c=Deere&d=17-Dec-2014&s=DE

Mr. Allen informed that Deere's success in managing costs and assets and establishing a broad-based business lineup has allowed it to deliver strong results and remain in a sound financial condition. He added that the company produced healthy levels of cash flow for 2014, much of which was returned to investors in the form of dividends and share repurchases. Dividends and buybacks in 2014 totaled a record $3.5 billion.

For FY15, net income attributable to Deere is expected to be about $1.9 billion. The company's Q1 FY15 and FY15 equipment sales are projected to decrease about 21% and 15%, respectively, on a Y-o-Y basis. In addition, Deere's worldwide sales of agriculture and turf equipment for FY15 are forecasted to decline by about 20% Y-o-Y, while Deere's worldwide sales of construction and forestry equipment for FY15 are expected to rise about 5% from FY14. Further, FY15 net income attributable to Deere for the financial services operations is expected to be approximately $610 million. Visit Investor-Edge and access the latest research on DE at:

http://get.Investor-Edge.com/pdf/?c=Deere&d=17-Dec-2014&s=DE

Stock Performance  

On the day of the earnings release, November 26, 2014, Deere's stock edged 0.91% lower, to end the session at $86.99. Although the stock has moved both ways since then, the gains have outweighed the losses so far. On the last close, Tuesday, December 16, 2014, Deere's shares finished 0.38% higher at $87.80. The company's shares vacillated between $87.25 and $89.87 during the session. A total of 4.24 million shares were traded, which was above its three months average volume of 3.89 million shares. Over the last one month and over the previous three months, the company's shares have gained 0.32% and 5.87%, respectively. However, the stock has fallen by 3.87% since the beginning of 2014. Shares in Deere closed above their 50-day moving average of $85.97. Furthermore, the stock traded at a PE ratio of 10.04 and has a Relative Strength Index (RSI) of 50.01.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 8 insider transactions made by 7 individuals. On December 14, 2014, a total of 22,809 shares have been disposed at an average price of $87.10 per share and for a total value of $1.99 million. These are some of the insider trading transactions: On the stated day, Samuel R. Allen disposed 10,950 shares at a price of $87.10 per share. Additionally, Markwart von Pentz, President- Agriculture and Turf Division - Europe, Asia, Africa and Global Tractor Platform, and James M. Field, President- Agriculture and Turf Division - Americas, Australia, and Global Harvesting & Turf Platforms at Deere, sold 4,762 and 2,046 shares, respectively, at a price of $87.10 per share. Complimentary in-depth research on DE is available at:

http://get.Investor-Edge.com/pdf/?c=Deere&d=17-Dec-2014&s=DE

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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