Erste Group Bank Comments on Deere & Company FY2026 Earnings

Key Points

• Erste Group Bank slightly lowered Deere’s FY2026 EPS forecast to $18.05 from $18.08, below the $18.11 consensus estimate.
• Deere’s latest quarterly results exceeded expectations, with EPS of $5.10 versus $4.69 expected and revenue of $12.61 billion, up 6.2% year over year.
• Analyst sentiment remains favorable: Deere has a “Moderate Buy” consensus rating, a $688.10 average price target, and 17 Buy ratings versus eight Holds.

Deere & Company (NYSE:DE - Free Report) - Research analysts at Erste Group Bank reduced their FY2026 earnings estimates for Deere & Company in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now forecasts that the industrial products company will earn $18.05 per share for the year, down from their previous forecast of $18.08. The consensus estimate for Deere & Company's current full-year earnings is $18.11 per share.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, topping analysts' consensus estimates of $4.69 by $0.41. The business had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $4.75 earnings per share.

A number of other research analysts also recently issued reports on DE. Seaport Research Partners set a $570.00 price objective on Deere & Company in a report on Friday, August 14th. Citigroup upped their price target on Deere & Company from $610.00 to $650.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Oppenheimer raised their price target on shares of Deere & Company from $680.00 to $685.00 and gave the stock an "outperform" rating in a research note on Thursday, August 20th. Nomura upgraded shares of Deere & Company to a "buy" rating in a report on Monday, August 31st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $752.00 target price on shares of Deere & Company in a research report on Monday, August 24th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $688.10.

Deere & Company Stock Performance

DE opened at $643.25 on Friday. The business's 50-day moving average price is $659.66 and its two-hundred day moving average price is $614.01. Deere & Company has a 1 year low of $454.50 and a 1 year high of $721.22. The company has a market capitalization of $173.43 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.33 and a beta of 0.86. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, September 30th will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Deere & Company's dividend payout ratio is presently 36.00%.

Hedge Funds Weigh In On Deere & Company

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Deere & Company during the 2nd quarter worth about $27,000. Kilter Group LLC bought a new position in Deere & Company during the second quarter worth about $29,000. Solstein Capital LLC acquired a new position in Deere & Company during the second quarter worth approximately $30,000. Orion Capital Management LLC acquired a new position in Deere & Company during the second quarter worth approximately $32,000. Finally, Downshift Financial LLC raised its stake in Deere & Company by 218.8% in the third quarter. Downshift Financial LLC now owns 51 shares of the industrial products company's stock valued at $34,000 after buying an additional 35 shares during the period. 68.58% of the stock is owned by institutional investors.

Deere & Company Company Profile

Deere & Company, founded by blacksmith John Deere in 1837, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. The company is headquartered in Moline, Illinois, and operates under the John Deere brand.

Its products include tractors, combines, planters, sprayers, harvesting equipment, loaders, excavators, motor graders, forestry machines, mowers and compact utility equipment. Deere also provides replacement parts, equipment support, financing and technology-enabled solutions designed to improve machine productivity, automation and precision in farming and other industries.

Deere serves customers through dealerships and operations across North America, Latin America, Europe and other international markets.

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