Latest news with #Thein
Yahoo
16-05-2025
- Business
- Yahoo
Deere's Resilience Shines Through Tariffs, Analysts Raise Price Forecasts
Several analysts raised the price forecast for Deere & Company (NYSE:DE) following the second-quarter results reported on Thursday. The company reported net sales and revenue fell 16% year-over-year to $12.76 billion, topping the consensus estimate of $10.79 billion. The company expects FY25 net income to be between $4.75 billion and $5.5 billion (prior $5 billion and $5.5 billion). Raymond James analyst Tim Thein raised the price forecast from $530 to $560 while keeping an Outperform analyst revised the model to incorporate the stronger-than-anticipated second-quarter operating results and the inclusion of approximately $400 million in tariff-related costs anticipated for the second half of the year. Thein notes that the largest segment, Production & Precision Agriculture (PP&A), is expected to experience the smallest direct percentage impact from these tariffs. This highlights DE's highly vertically integrated structure and sourcing approach, which likely contributes to its strong relative competitive standing in North America, adds the analyst. The analyst says the most surprising aspect of the recent quarter and outlook is the PP&A margin guidance for the second half of 2025. The analyst noted that while the roughly $100 million impact from tariff-related costs was a new factor, and they acknowledged the headwind related to geographic mix (partially due to Europe's volumes exceeding those of North America), they believed the implied decremental margin assumption of around 80% would ultimately prove to be conservative. Thein lowered FY25 EPS estimates to $19.25 from $19.80, as the positive impact of the stronger second-quarter operating performance is more than offset by reduced margin assumptions for the second half of the year. DE Davisdon analyst Michael Shlisky maintained the Buy rating with a price forecast of $542. The analyst writes that Deere's production and Precision Ag revenues beat their estimates by around 6%, boosting the mix and leading to Equipment operating profit of around 10% above their forecast. While guidance at the low-end was slightly widened (common amid tariff uncertainty), cash flow projections remained stable, adds the analyst. The analyst continues to see Global Ag as relatively less risky than discretionary sectors, and DE's strong execution could maintain its leadership. Investors can gain exposure to the stock via iShares MSCI Agriculture Producers ETF (NYSE:VEGI) and Global X AgTech & Food Innovation ETF (NASDAQ:KROP). Price Action: DE shares are trading higher by 3.19% to $532.78 at the last check on Friday. Read Next:Image via Shutterstock Date Firm Action From To Mar 2022 Wells Fargo Initiates Coverage On Overweight Feb 2022 Oppenheimer Maintains Outperform Feb 2022 JP Morgan Maintains Underweight View More Analyst Ratings for DE View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? DEERE (DE): Free Stock Analysis Report This article Deere's Resilience Shines Through Tariffs, Analysts Raise Price Forecasts originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
14-05-2025
- Sport
- Yahoo
SPPS: New superintendent Stacie Stanley begins first week with district
Among Stacie Stanley's memories of attending Mississippi Creative Arts Elementary School in St. Paul is winning a spelling bee and eating pizza, she told students at a recent visit where she also heard a student choir perform the school song. The visit and performance was part of her first day — Monday — as superintendent at St. Paul Public Schools. Stanley popped in on schools she attended in her youth and explained to the students what a superintendent does. 'So you're like the president of the schools?' one student asked. They're both big jobs, Stanley explained to students gathered in the school's cafeteria. On Tuesday, she visited Harding High School to watch their unified track and field day — a Special Olympics event the district holds. Since being selected for the position in December, the former Edina Public Schools superintendent has prepared by making a 100-day onboarding plan for herself which she'll use to gather and analyze information on the district to determine a formal set of goals and next steps that she'll present to the school board around August, she said. The plan includes meeting with district and community members to learn more about the district; she's already met with Mayor Melvin Carter and has plans to meet with leaders of the St. Paul Federation of Educators — the teachers union. 'So there is no shortage of work that needs to be done, which is why I really needed to join St. Paul Public Schools earlier than July 1st,' Stanley said. Among her early priorities are launching a superintendent-student leadership team and meeting with principals and other staff members as part of a process she calls 'principal plus one.' Stanley is the district's first superintendent born, raised and educated in St. Paul in the district's more than 150-year history. She attended Mississippi Creative Arts School, Cleveland Junior High School – now Farnsworth Aerospace Upper Campus – Murray Middle School and Central High School. 'Who gets the opportunity to grow up in a district that shapes you and molds you into the person that you are, and then you get to come back and experience it as the new leader of that district? I think it's pretty rare, and it feels really good,' Stanley said. She replaces interim Superintendent John Thein, who served as in the role since May 2024 after the departure of then-superintendent Joe Gothard. Gothard left SPPS to lead the school district in Madison, Wis., where he grew up and attended school. Thein also served as interim superintendent of St. Paul Public Schools from 2016 to 2017. In a district-wide statement on Thursday, Thein thanked district members for the kindness they had shown him. 'Thank you for making me feel like a valued member of the SPPS community. As I head into retirement, I could not be more pleased to hand over the keys to Dr. Stacie Stanley, who starts as your new superintendent on May 12,' Thein said in the statement. Stanley joins the district as the school board finalizes its next budget for the 2025-2026 school year, which the board is expected to vote on at its June 10 meeting. The school board will see a proposed budget at its May 20 meeting and has received community feedback in recent months. The district estimates $732.1 million in expenses in the coming school year, with an expected $51.1 million budget shortfall. The board has agreed to use $34.9 million in reserve funds for the shortfall, with the remaining $16.2 million to come from budget cuts and new revenue, according to the district. The district attributes the budget shortfall to increased expenses — such as increased employee wages and benefits — rising costs of goods and services and no expected increases to state, federal or local revenue to adjust for inflation, outside of the base funding formula and local operating levy. In Edina, Stanley oversaw six elementary schools, two middle schools and one high school, serving around 8,600 students, with more than 1,300 staff members, according to SPPS. St. Paul has more than 33,000 students and more than 6,000 staff, according to the district. She'll receive a first-year salary of $270,000 with her short-term contract going through June 30, the school board decided in February. A long-term contract begins July 1 and ends June 30, 2028. She will receive an additional salary of $37,384 during the period of her short-term contract. Her second-year salary was set at $275,400 and her third-year salary was set at $280,908, according to district officials. In addition to her time in Edina, Stanley also served as associate superintendent at Eden Prairie Schools. She is the president-elect of the Minnesota Association of School Administrators and held leadership roles in the Burnsville-Eagan-Savage School District, Roseville Area Schools and East Metro Integration District. Stanley also has worked in occupational therapy and as a math teacher. She eventually became director of the office of equity and integration for the East Metro Integration District. In her career, she has overseen curriculum assessment instruction and support services and English-learner programs. Stanley has a doctorate in educational leadership from Bethel University and a master's degree in education and a bachelor's degree in K-8 elementary education from St. Catherine University in St. Paul. St. Paul Public Schools narrows achievement gap in 2024 graduation rates St. Paul schools hit pre-COVID graduation levels, state reaches record high Highland Park High students, MN Supreme Court justices hear arguments St. Paul police: 2nd grader said he brought gun to school to show friends St. Paul school board gathers feedback on budget, including proposed cuts
Yahoo
19-02-2025
- Business
- Yahoo
St. Paul Public Schools Board: New superintendent to start May 12
Stacie Stanley will start as St. Paul Public School's next superintendent on May 12, with a first-year salary of $270,000 following contract approvals by the district's board Tuesday night. A short-term contract sets Stanley's start date at May 12 and goes through June 30. A long-term contract begins July 1 and ends June 30, 2028. She will receive an additional salary of $37,384 during the period of her short-term contract. Her second-year salary was set at $275,400 and her third-year salary was set at $280,908, according to district officials. Interim Superintendent John Thein receives a salary of $230,000 a year, according to his employment contract with the district which was approved in April. Thein has been serving as interim superintendent since May after the departure of former superintendent Joe Gothard, who left to lead the school district in Madison, Wis. Thein also served as interim superintendent of St. Paul Public Schools from 2016 to 2017. Gothard's base salary as of 2023 was $256,000. The St. Paul school board unanimously selected Stacie Stanley in December, hiring the Edina superintendent who grew up in St. Paul and attended the city's schools. She is the first SPPS superintendent born, raised and educated in St. Paul in the district's more than 150-year history, Thein said Tuesday. Stanley has been superintendent of Edina Public Schools since July 2021 and previously served as associate superintendent at Eden Prairie Schools. She is the president-elect of the Minnesota Association of School Administrators. Stanley has held leadership roles in the Burnsville-Eagan-Savage School District, Roseville Area Schools and East Metro Integration District. Stanley graduated from Central Senior High School. Before getting into education, Stanley worked in occupational therapy. She then worked as a math teacher. She eventually became director of the office of equity and integration for East Metro Integration District. In her career, she has overseen curriculum assessment instruction and support services and English-learner programs, she said during the virtual meeting. Stanley has a doctorate in educational leadership from Bethel University and a master's degree in education and a bachelor's degree in K-8 elementary education from St. Catherine University in St. Paul. Education | SPPS Board of Education to vote on cell phone policy Tuesday Education | St. Paul, other big districts cancel Tuesday classes because of cold weather Education | St. Paul Public Schools cancels school, after-school activities Tuesday due to weather Education | Confirmed case of pertussis/whooping cough in St. Paul school district Education | St. Paul Public Schools begins open house tours before priority enrollment deadline
Yahoo
09-02-2025
- Politics
- Yahoo
Schools try to reassure students, parents amid stepped up federal immigration enforcement
Against a backdrop of stepped up federal enforcement, staff, principals and security personnel from St. Paul Public Schools attended training in late January on how to respond if immigration officials appear on school property. Interim Superintendent John Thein issued an open letter last month — titled 'You Belong Here' — seeking to reassure parents that under current federal law, the district cannot ask families about their immigration status or deny them access to education based on their status. At the same time, district officials explained, in writing, how parents can designate someone to take care of their children if they're separated from them — a process that requires a notarized document known as a Delegation of Parental Authority, or a DOPA. The school district also has urged families to update their emergency contact information and their family plan and consider seeking assistance, if needed, from legal resources such as Southern Minnesota Regional Legal Services and the Immigrant Law Center of Minnesota. A Spanish-language meeting for parents has been scheduled toward the end of February. 'I want to assure you that SPPS respects, affirms and welcomes ALL students, staff and family members,' wrote Thein on Jan. 31. 'ALL students deserve to learn in respectful and inclusive environments where their identities are valued and contribute to their success in school and in life.' St. Paul Public Schools isn't the only school district looking to reassure families and staff that they remain welcome at a tense time for many immigrants and the family members who rely on them. At the same time, some schools, colleges and municipalities with large immigrant populations have found themselves in the sensitive position of explaining when and to what degree they're required to cooperate with U.S. Immigration and Customs Enforcement, such as if ICE presents a judicial order or criminal arrest warrant. According to Wilder Research and Minnesota Compass, about one in five children in Minnesota is the child of an immigrant. 'This is a new territory for a lot of our school districts,' said Kirk Schneidawind, executive director of the Minnesota School Boards Association. 'They're primarily in the territory of educating kids, and all of a sudden, we're in a new phase or new era. A lot of them are anticipating what may be coming, and our administrators and teachers are trying to be prepared and be informed.' In addition to seeking a better understanding of the law and how it intersects with internal school policies, 'I think we've seen a lot of our school districts reach out to community agencies to provide some support to families,' Schneidawind said. Within days of taking office, President Donald Trump's administration has given ICE field offices heftier new detention quotas, and issued executive orders lifting restraints that kept ICE from making arrests at churches, schools, hospitals and other sensitive locations that were formerly off-limits. 'The stress and the heaviness is absolutely in the air,' said Katie Birch, a social studies and site-based substitute teacher in the St. Paul elementary schools. 'Definitely fourth- and fifth-grade students are having much more dynamic conversations than I think most people realize kids are capable of having, and they're susceptible to the stress and anxieties that their parents feel. They're very perceptive. They don't miss a thing. If the adults are feeling it, they're very aware of it.' It's unclear, exactly, what the new directives mean for schools. On X, the social media site, ICE has begun posting pictures of recent arrests, including several in or around St. Paul, with the label 'The Worst First,' a reference to ICE's focus on priority suspects accused of violence or high-profile crimes. At the same time, the White House has also allowed ICE to perform 'collateral' arrests of unintended targets, such as individuals living with a suspected violent offender. Quoting senior Trump administration officials, NBC News reported that of the 1,179 people arrested by ICE nationally on Jan. 26, just 613 — or little more than half — were considered 'criminal arrests.' The rest appeared to be nonviolent offenders or people who were not suspected of a criminal offense at all. While entering the U.S. through illegal means is considered a crime, legal experts say the simple act of living in the U.S. without proper documentation is classified as a civil infraction akin to a contract violation and, standing alone, does not constitute a criminal act under the law. Overstaying a worker or student visa tends to fall in a grayer area under the law, and might result in a ban from returning to the U.S. for three to 10 years, but an overstay would not typically trigger criminal penalties unless other criminal violations are involved. The legal complexities of the issue have now landed at the doorstep of elementary schools, middle school classrooms, high schools and halls of higher learning. There's a difference, for instance, between an administrative warrant, which does not legally authorize officers to search school grounds, and a criminal warrant or judicial order, which may serve exactly that purpose. 'Campus departments of public safety do not enforce federal immigration laws and our officers do not inquire about an individual's immigration status,' wrote University of Minnesota officials, in an explanatory open letter to students, faculty and staff on Jan. 31. 'In compliance with the Family Educational Rights and Privacy Act (FERPA), the University does not provide private student information, unless required by subpoena or court order.' Throughout the country, the possibility of political retribution for not cooperating with federal authorities on immigration enforcement also has heightened tensions. The Trump administration, through a memo circulated last month by the U.S. Department of Justice, has threatened to investigate any state or city officials suspected of blocking federal efforts to remove undocumented immigrants. On Jan. 23, Minnesota Attorney General Keith Ellison joined top prosecutors from a dozen states in issuing a public response noting that under the 10th Amendment to the U.S. Constitution — which limits federal authority over individual states — the federal government cannot force local police departments to carry out its law enforcement duties, including federal immigration enforcement. On Thursday, Ellison's office followed that with a formal legal opinion that Minnesota law prohibits state and local law enforcement agencies from holding someone based on a civil immigration detainer if the person would otherwise be released from custody. 'Federal regulations themselves specify that detainers issued by ICE are requests, not commands,' reads a statement from the Minnesota Attorney General's Office. School district officials are doing their best to interpret their rights and responsibilities, Schneidawind said. The Minnesota Reformer reported last month that Minneapolis Public Schools has been conducting staff trainings since December on how to respond if immigration officials demand access to a student. The training documents indicate that school staff are not required to assist in direct enforcement of an administrative warrant, and they should ask officers to wait outside the secured area of the school until the district's general counsel has been notified. They're then to wait to be advised on what to do next. Even in the case of a valid criminal warrant, according to the Reformer, the district has told employees they should escort the student to the principal's office, rather than allow ICE unfettered access to school grounds. The Anoka-Hennepin School District — the state's largest — also has indicated that requests for access to students would be reviewed by the district's legal counsel, according to a district statement. Among other resources, St. Paul Public Schools is distributing flyers informing families about a Spanish-language 'Know Your Rights' meeting to be hosted by Southern Minnesota Regional Legal Services later this month. 'A school is a care-giving environment,' said Birch, the elementary school teacher. 'In all of this uncertainty and fear, what I love about educators, especially in our school, people are banding together. It feels like we're saying, 'We can do hard things, especially when we're together.' … It's like a safe space for students to nestle into.' Following staff requests, the district has shared information with staff on how to talk to both elementary and secondary students about any anxiety related to recent events, support civil conversation, and direct students and families to extra support if needed. 'Although we cannot provide any absolute assurances, share the message that schools remain one of the safest places for young people to be during the day,' district officials wrote to staff. 'SPPS welcomes and values ALL students in our schools.' Education | MN Attorney General Keith Ellison: Counties cannot hold detainees for ICE without a criminal warrant Education | Judge in Boston to consider latest bid to block Trump's birthright citizenship order Education | Neighbors, advocates reel in aftermath of Denver-area ICE raids: 'These last 30 hours have been devastating' Education | Trump administration sues Chicago in latest crackdown on 'sanctuary' cities Education | 2nd federal judge in 2 days blocks Trump's birthright citizenship order
