Deere & Company and Titan Machinery Look to Benefit From Rising Acreage for Crops
Posted on April 13, 2012 at 08:20 AM EDT
Five Star Equities Provides Stock Research on Deere & Company and Titan Machinery
NEW YORK, NY -- (Marketwire) -- 04/13/12 -- The Farm and Construction Machinery Industry was hit hard by the recession. But things seem to be finally turning around for the industry as an improving global economy and rising food prices are allowing farmers to spend more money on machinery. Five Star Equities examines the outlook for companies in the Farm and Construction Machinery Industry and provides equity research on Deere & Company (NYSE: DE) and Titan Machinery Inc. (NASDAQ: TITN). Access to the full company reports can be found at:
According to the USDA Prospective Plantings report put out last month, total acreage for crops included in the report is expected to increase by 8.6 million acres from that of 2011. Farmers have been reaping the benefits from high corn prices resulting in the largest U.S. corn crop planted in 75 years, according to government data. As a result there is an increasing pressure for farmers to produce more forcing them to spend money on machinery to improve production rates. Agricultural machinery, unlike automobiles, has a life span of approximately three to seven years.
Five Star Equities releases regular market updates on the Farm and Construction Machinery Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Deere & Company recently reported it will invest $70 million to expand the manufacturing capacity in its Waterloo, Iowa operations, where the company builds large farm tractors that are used around the world. Deere has previously reported strong demand for large tractors and said the investments announced today will increase the number of tractors Deere can build in Waterloo by the middle of 2013.
Titan Machinery Inc. reported financial results for the fiscal fourth quarter and full year ended January 31, 2012. For the fourth quarter of fiscal 2012, revenue increased 64.9% to $607.0 million from revenue of $368.1 million in the fourth quarter last year. For the full year ended January 31, 2012, revenue increased 51.6% to $1.66 billion from $1.09 billion for fiscal 2011. Gross margin for fiscal 2012 was 16.6%, compared to 15.9% in fiscal 2011.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here