FY2027 EPS Estimates for Deere & Company Boosted by Analyst

Deere & Company (NYSE:DE) – Equities researchers at Erste Group Bank upped their FY2027 earnings per share estimates for shares of Deere & Company in a research report issued to clients and investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the industrial products company will post earnings per share of $22.68 for the year, up from their previous estimate of $22.60. The consensus estimate for Deere & Company’s current full-year earnings is $18.12 per share.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a return on equity of 18.10% and a net margin of 10.16%.The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.75 earnings per share.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Raymond James Financial boosted their price target on shares of Deere & Company from $700.00 to $730.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. DA Davidson increased their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a report on Monday, August 24th. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a research note on Friday, August 14th. Finally, Evercore raised shares of Deere & Company from an “in-line” rating to an “outperform” rating and set a $813.00 target price for the company in a report on Wednesday, September 2nd. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $680.73.

Deere & Company Stock Performance

Shares of NYSE:DE opened at $685.78 on Monday. The stock has a market capitalization of $184.90 billion, a P/E ratio of 38.10, a P/E/G ratio of 2.82 and a beta of 0.90. Deere & Company has a 1-year low of $433.00 and a 1-year high of $705.88. The company has a current ratio of 2.10, a quick ratio of 1.89 and a debt-to-equity ratio of 1.45. The business has a 50-day moving average price of $634.42 and a two-hundred day moving average price of $600.32.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 0.9%. Deere & Company’s dividend payout ratio is 36.00%.

Institutional Trading of Deere & Company

A number of hedge funds have recently modified their holdings of DE. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Deere & Company in the second quarter worth $27,000. Kilter Group LLC acquired a new position in shares of Deere & Company in the 2nd quarter valued at $29,000. Solstein Capital LLC bought a new stake in shares of Deere & Company in the 2nd quarter valued at $30,000. Portus Wealth Advisors LLC bought a new stake in shares of Deere & Company in the 1st quarter valued at $32,000. Finally, Orion Capital Management LLC acquired a new stake in Deere & Company during the 2nd quarter worth $32,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

About Deere & Company

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.