FY2025 EPS Estimates for Deere & Company Cut by DA Davidson

Key Points

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Deere & Company (NYSE:DE - Free Report) - Investment analysts at DA Davidson cut their FY2025 earnings estimates for shares of Deere & Company in a research report issued on Monday, August 18th. DA Davidson analyst M. Shlisky now forecasts that the industrial products company will post earnings per share of $18.34 for the year, down from their previous forecast of $18.67. DA Davidson has a "Buy" rating and a $580.00 price target on the stock. The consensus estimate for Deere & Company's current full-year earnings is $19.32 per share. DA Davidson also issued estimates for Deere & Company's Q4 2025 earnings at $3.77 EPS and FY2026 earnings at $20.88 EPS.

Several other research analysts also recently issued reports on DE. Oppenheimer boosted their price objective on shares of Deere & Company from $560.00 to $566.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Melius Research upgraded shares of Deere & Company from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th. Citigroup decreased their target price on shares of Deere & Company from $550.00 to $525.00 and set a "neutral" rating on the stock in a research report on Friday, May 30th. Robert W. Baird decreased their target price on shares of Deere & Company from $520.00 to $488.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Deere & Company in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Deere & Company has an average rating of "Moderate Buy" and a consensus price target of $523.87.

Deere & Company Stock Performance

Shares of NYSE:DE traded up $8.3320 on Tuesday, hitting $495.0920. 1,133,367 shares of the company were exchanged, compared to its average volume of 1,363,905. The company's 50 day moving average price is $508.86 and its two-hundred day moving average price is $490.28. Deere & Company has a one year low of $374.46 and a one year high of $533.78. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.98 and a current ratio of 2.19. The firm has a market capitalization of $134.09 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 3.15 and a beta of 1.06.

Deere & Company (NYSE:DE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.13. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the firm posted $6.29 EPS. The business's revenue was down 9.0% compared to the same quarter last year.

Institutional Trading of Deere & Company

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Deere & Company by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company's stock worth $11,376,279,000 after purchasing an additional 309,081 shares in the last quarter. State Street Corp raised its stake in Deere & Company by 0.6% in the 2nd quarter. State Street Corp now owns 10,386,268 shares of the industrial products company's stock worth $5,297,913,000 after purchasing an additional 64,262 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Deere & Company by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock worth $3,227,258,000 after purchasing an additional 286,253 shares in the last quarter. Geode Capital Management LLC raised its stake in Deere & Company by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,541,778 shares of the industrial products company's stock worth $2,810,807,000 after purchasing an additional 111,627 shares in the last quarter. Finally, Norges Bank acquired a new stake in Deere & Company in the 2nd quarter worth about $1,578,243,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, June 30th were paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 30th. Deere & Company's dividend payout ratio (DPR) is currently 33.87%.

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.