All articles tagged with #agricultural machinery
Originally Published 4 months ago — by The New York Times
John Deere, a leading U.S. agricultural equipment manufacturer, is facing declining sales and expects a 15-20% drop in large machinery sales by 2025 due to tariffs and reduced overseas demand for crops, impacting its revenue and the farming industry.
Originally Published 4 months ago — by NPR
Since 1946, Langford, NY hosts the longest-running annual tractor pull in the US, drawing thousands of spectators to watch modified tractors and trucks compete in a skillful and mechanical contest that combines tradition, horsepower, and community spirit, with support teams and family involvement adding to its nostalgic appeal.
Originally Published 1 year ago — by CNBC
David Einhorn of Greenlight Capital has taken a medium-sized position in CNH Industrial, viewing it as a value play in the agricultural machinery sector, which he believes is nearing the end of a bearish cycle. Speaking at CNBC's Delivering Alpha conference, Einhorn highlighted CNH's strong dividend yield and stock buyback program, suggesting that demand for agricultural equipment will rise as aging machinery needs replacement. Following his comments, CNH shares rose over 7% in extended trading.
Originally Published 2 years ago — by Seeking Alpha
Deere is set to announce its Q3 earnings results, with consensus estimates of $8.21 EPS and $14.06 billion in revenue. The company's stock has seen upward revisions in EPS estimates but downward revisions in revenue estimates. Deere reported strong Q2 results, beating estimates with $9.65 EPS and $17.39 billion in revenue. The stock has a "HOLD" rating and is ranked 3 out of 9 in the agricultural machinery industry. Wall Street rates it as a "BUY" while Seeking Alpha authors rate it as "HOLD". Deere's stock has risen 24% in 2022 and 15.8% in the last 12 months. Some analysts caution against investing in Deere due to its overvaluation and potential market risks.