FY2027 EPS Estimates for Deere & Company Cut by Analyst

Key Points

• Erste Group Bank lowered Deere’s FY2027 EPS forecast to $22.50 from $22.81, though it remains above the broader consensus estimate of $18.11.
• Analyst sentiment remains favorable, with 14 Buy ratings and nine Holds; Deere carries a “Moderate Buy” consensus rating and an average price target of $653.48.
• Deere recently exceeded quarterly expectations, reporting $5.10 in EPS and $12.61 billion in revenue, while revenue rose 6.2% year over year. The company also announced a quarterly dividend of $1.62 per share.

Deere & Company (NYSE:DE - Free Report) - Equities researchers at Erste Group Bank cut their FY2027 EPS estimates for shares of Deere & Company in a research note issued to investors on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now forecasts that the industrial products company will earn $22.50 per share for the year, down from their previous forecast of $22.81. The consensus estimate for Deere & Company's current full-year earnings is $18.11 per share.

A number of other equities analysts have also recently commented on DE. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $752.00 target price on shares of Deere & Company in a report on Monday, August 24th. DA Davidson upped their price target on Deere & Company from $685.00 to $760.00 and gave the stock a "buy" rating in a research report on Monday, August 24th. Oppenheimer raised their price objective on Deere & Company from $680.00 to $685.00 and gave the stock an "outperform" rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. lifted their price objective on Deere & Company from $570.00 to $585.00 and gave the company a "neutral" rating in a research report on Friday, August 21st. Finally, Truist Financial cut their price objective on Deere & Company from $812.00 to $804.00 and set a "buy" rating for the company in a research note on Monday, August 24th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $653.48.

Deere & Company Trading Up 0.1%

Shares of Deere & Company stock opened at $630.66 on Monday. The company's fifty day simple moving average is $611.59 and its 200-day simple moving average is $593.39. The stock has a market capitalization of $170.24 billion, a PE ratio of 35.04, a P/E/G ratio of 2.60 and a beta of 0.90. Deere & Company has a 1-year low of $433.00 and a 1-year high of $674.19. 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 (NYSE:DE - Get Free Report) last announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The company had revenue of $12.61 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the business posted $4.75 earnings per share. The firm's quarterly revenue was up 6.2% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in Deere & Company by 60,460.4% during the second quarter. California State Teachers Retirement System now owns 234,586,018 shares of the industrial products company's stock valued at $148,804,949,000 after acquiring an additional 234,198,659 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Deere & Company during the second quarter valued at about $11,763,504,000. Norges Bank bought a new stake in shares of Deere & Company in the fourth quarter worth about $1,715,633,000. Capital World Investors lifted its position in shares of Deere & Company by 53.9% in the fourth quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company's stock worth $4,465,906,000 after buying an additional 3,358,264 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Deere & Company during the second quarter valued at approximately $1,685,093,000. 68.58% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Dividend Announcement

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

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company's principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.

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