FY2027 EPS Estimates for Deere & Company Boosted by Analyst

Deere & Company (NYSE:DE) – Research analysts at Zacks Research boosted their FY2027 earnings per share estimates for shares of Deere & Company in a report released on Tuesday, January 28th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings of $23.41 per share for the year, up from their previous forecast of $23.34. The consensus estimate for Deere & Company’s current full-year earnings is $19.34 per share.

Other equities analysts also recently issued reports about the stock. Citigroup reduced their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Truist Financial raised their target price on Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target on the stock. in a research note on Friday, December 6th. Finally, Barclays raised their price objective on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $444.50.

Deere & Company Stock Up 0.4 %

NYSE DE opened at $479.91 on Thursday. The business’s fifty day simple moving average is $443.22 and its 200-day simple moving average is $408.60. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The firm has a market cap of $130.70 billion, a PE ratio of 18.75, a P/E/G ratio of 2.84 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. The firm’s revenue was down 32.8% compared to the same quarter last year. During the same quarter last year, the business posted $8.26 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC lifted its position in shares of Deere & Company by 76.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 5,069 shares of the industrial products company’s stock worth $1,894,000 after purchasing an additional 2,190 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Deere & Company by 4.9% during the 2nd quarter. Clearbridge Investments LLC now owns 234,952 shares of the industrial products company’s stock worth $87,785,000 after buying an additional 10,899 shares during the last quarter. Centennial Bank AR boosted its position in shares of Deere & Company by 420.0% during the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 84 shares in the last quarter. Creekside Partners purchased a new position in shares of Deere & Company in the 2nd quarter valued at about $422,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth about $22,367,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date is Tuesday, December 31st. Deere & Company’s dividend payout ratio is presently 25.31%.

About Deere & Company

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.