Deere & Company FY2027 EPS Forecast Raised by Zacks Research

Deere & Company (NYSE:DE) – Equities research analysts at Zacks Research boosted their FY2027 EPS estimates for Deere & Company in a research note issued on Thursday, December 19th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $23.34 for the year, up from their prior estimate of $23.31. The consensus estimate for Deere & Company’s current full-year earnings is $19.52 per share.

Other equities research analysts also recently issued research reports about the company. Oppenheimer upped their price target on Deere & Company from $448.00 to $477.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price for the company. in a research note on Friday, December 6th. Morgan Stanley raised their price target on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Truist Financial boosted their price target on shares of Deere & Company from $538.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group lifted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Deere & Company presently has an average rating of “Hold” and an average target price of $443.94.

Deere & Company Stock Performance

Shares of Deere & Company stock opened at $432.49 on Monday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. 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 business has a 50 day moving average price of $423.38 and a 200-day moving average price of $394.92. The company has a market cap of $117.45 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96.

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

Deere & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.50%. Deere & Company’s dividend payout ratio is 25.31%.

Hedge Funds Weigh In On Deere & Company

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DE. Fairscale Capital LLC purchased a new stake in shares of Deere & Company in the second quarter worth about $26,000. Livelsberger Financial Advisory bought a new position in Deere & Company in the 3rd quarter valued at $32,000. Centennial Bank AR boosted its holdings in Deere & Company by 420.0% in the 2nd quarter. Centennial Bank AR now owns 104 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 84 shares during the period. Continuum Advisory LLC increased its holdings in shares of Deere & Company by 155.8% in the third quarter. Continuum Advisory LLC now owns 110 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Finally, Briaud Financial Planning Inc raised its position in shares of Deere & Company by 73.5% in the second quarter. Briaud Financial Planning Inc now owns 118 shares of the industrial products company’s stock worth $44,000 after buying an additional 50 shares in the last quarter. Institutional investors own 68.58% of the company’s stock.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.