FY2027 EPS Estimates for Deere & Company Boosted by Analyst

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

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

Several other research analysts have also commented on DE. UBS Group lifted their price target on Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer upped their price target on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Citigroup decreased their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price target on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $444.50.

Deere & Company Stock Performance

Shares of DE stock opened at $478.50 on Thursday. The stock’s 50-day moving average is $441.75 and its two-hundred day moving average is $408.11. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. Deere & Company has a 1 year low of $340.20 and a 1 year high of $485.84. The firm has a market cap of $130.32 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.84 and a beta of 0.98.

Deere & Company Increases Dividend

The business 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 $1.62 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s dividend payout ratio is presently 25.31%.

Institutional Trading of Deere & Company

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pineridge Advisors LLC boosted its stake in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 26 shares during the last quarter. Livelsberger Financial Advisory purchased a new stake in Deere & Company in the 3rd quarter worth approximately $32,000. Modus Advisors LLC acquired a new position in Deere & Company in the 4th quarter valued at $32,000. YANKCOM Partnership purchased a new position in shares of Deere & Company during the 4th quarter worth $34,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Deere & Company during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Company Profile

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.