Deere & Company (NYSE:DE) Announces Quarterly Earnings Results, Beats Estimates By $0.85 EPS

Deere & Company (NYSE:DE) announced its earnings results on Thursday. The industrial products company reported $6.55 EPS for the quarter, topping the consensus estimate of $5.70 by $0.85, Zacks reports. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.During the same quarter in the prior year, the firm posted $6.64 EPS. Deere & Company’s revenue for the quarter was up 5.4% compared to the same quarter last year.

Deere & Company Stock Down 3.4%

Deere & Company stock opened at $541.14 on Thursday. The company has a market capitalization of $146.17 billion, a PE ratio of 30.50, a PEG ratio of 1.95 and a beta of 0.96. Deere & Company has a 12-month low of $433.00 and a 12-month high of $674.19. The firm’s fifty day moving average is $579.04 and its 200 day moving average is $539.38. The company has a quick ratio of 1.96, a current ratio of 2.21 and a debt-to-equity ratio of 1.59.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, March 31st. Deere & Company’s payout ratio is presently 36.53%.

More Deere & Company News

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere beat Q2 earnings estimates with EPS of $6.55 and revenue rose 5.4% year over year, showing the company is still executing well despite a tougher farm cycle. Zacks article
• Positive Sentiment: Construction and forestry strength helped offset weakness in production agriculture, supporting overall sales growth and showing Deere’s diversified business mix is cushioning the slowdown. WSJ article
• Positive Sentiment: Management maintained its full-year profit outlook, which suggests confidence that current weakness in farming equipment demand is manageable. Press release
• Neutral Sentiment: Deere’s Starlink mention in SpaceX’s filing highlights a potential technology partnership angle, but it does not appear to be a material near-term catalyst for the stock. 247WallSt article
• Negative Sentiment: Large ag equipment sales fell 14%, reinforcing concerns that soft farm demand and rising input costs could keep pressuring Deere’s core agriculture business. Blockonomi article
• Negative Sentiment: Coverage ahead of the report highlighted tariff pressure and weak farm economics, which investors may see as a risk to future margins and demand. Seeking Alpha article

Wall Street Analysts Forecast Growth

DE has been the subject of a number of analyst reports. Jefferies Financial Group upgraded Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 price objective for the company in a research report on Wednesday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Deere & Company from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Oppenheimer reaffirmed an “outperform” rating and issued a $715.00 price objective on shares of Deere & Company in a research note on Friday, February 20th. Raymond James Financial reiterated an “outperform” rating and set a $765.00 price objective on shares of Deere & Company in a research report on Monday, February 23rd. Finally, Bank of America boosted their target price on shares of Deere & Company from $502.00 to $672.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $655.45.

Hedge Funds Weigh In On Deere & Company

Institutional investors have recently made changes to their positions in the stock. Richwood Investment Advisors LLC grew its stake in shares of Deere & Company by 1.0% in the 4th quarter. Richwood Investment Advisors LLC now owns 1,937 shares of the industrial products company’s stock valued at $902,000 after buying an additional 20 shares during the period. Blue Chip Partners LLC grew its stake in Deere & Company by 1.4% in the second quarter. Blue Chip Partners LLC now owns 1,574 shares of the industrial products company’s stock valued at $801,000 after acquiring an additional 21 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Deere & Company by 2.0% during the third quarter. Centaurus Financial Inc. now owns 1,355 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 27 shares in the last quarter. Circle Wealth Management LLC increased its holdings in shares of Deere & Company by 1.4% during the fourth quarter. Circle Wealth Management LLC now owns 1,970 shares of the industrial products company’s stock valued at $917,000 after acquiring an additional 27 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of Deere & Company by 0.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 7,387 shares of the industrial products company’s stock worth $3,439,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.