Deere & Company Q4 EPS Estimate Boosted by Zacks Research

Key Points

• Zacks Research has increased its Q4 2026 earnings per share estimate for Deere & Company from $4.77 to $4.78, although they maintain a "Strong Sell" rating on the stock.
• Deere & Company's recent quarterly earnings report revealed $4.75 earnings per share, beating analyst estimates, but showed a 9.0% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $1.62 per share, with a payout date set for November 10th, representing a 1.4% dividend yield.

Deere & Company (NYSE:DE - Free Report) - Equities research analysts at Zacks Research increased their Q4 2026 earnings per share (EPS) estimates for Deere & Company in a research report issued to clients and investors on Tuesday, October 21st. Zacks Research analyst Team now forecasts that the industrial products company will earn $4.78 per share for the quarter, up from their prior forecast of $4.77. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Deere & Company's current full-year earnings is $19.32 per share.

A number of other research firms have also weighed in on DE. JPMorgan Chase & Co. cut their price objective on Deere & Company from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 14th. Jefferies Financial Group cut their price objective on Deere & Company from $510.00 to $440.00 and set a "hold" rating on the stock in a research report on Wednesday, October 8th. Wall Street Zen raised Deere & Company from a "sell" rating to a "hold" rating in a report on Saturday, October 4th. Evercore ISI set a $491.00 price objective on Deere & Company in a report on Tuesday, August 19th. Finally, Robert W. Baird dropped their price objective on Deere & Company from $488.00 to $467.00 and set a "neutral" rating on the stock in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Deere & Company presently has a consensus rating of "Moderate Buy" and a consensus price target of $518.72.

Deere & Company Price Performance

DE stock opened at $460.01 on Wednesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.19 and a quick ratio of 1.98. The business has a 50 day simple moving average of $471.43 and a 200-day simple moving average of $487.92. The firm has a market capitalization of $124.35 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.97 and a beta of 1.02. Deere & Company has a 1 year low of $387.03 and a 1 year high of $533.78.

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

Institutional Investors Weigh In On Deere & Company

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Deere & Company by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,372,671 shares of the industrial products company's stock valued at $11,376,279,000 after purchasing an additional 309,081 shares during the period. State Street Corp lifted its position in Deere & Company by 0.6% in the second quarter. State Street Corp now owns 10,386,268 shares of the industrial products company's stock valued at $5,297,913,000 after purchasing an additional 64,262 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Deere & Company by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,876,013 shares of the industrial products company's stock valued at $3,227,258,000 after purchasing an additional 286,253 shares during the period. Geode Capital Management LLC lifted its position in Deere & Company by 2.1% in the second quarter. Geode Capital Management LLC now owns 5,541,778 shares of the industrial products company's stock valued at $2,810,807,000 after purchasing an additional 111,627 shares during the period. Finally, Norges Bank acquired a new stake in Deere & Company in the second quarter valued at about $1,578,243,000. Institutional investors and hedge funds own 68.58% of the company's stock.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.4%. Deere & Company's dividend payout ratio is 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.

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