FY2026 EPS Estimates for Deere & Company Cut by DA Davidson

Deere & Company (NYSE:DE - Free Report) - Equities researchers at DA Davidson cut their FY2026 EPS estimates for shares of Deere & Company in a research note issued to investors on Monday, May 19th. DA Davidson analyst M. Shlisky now forecasts that the industrial products company will earn $21.19 per share for the year, down from their previous forecast of $21.96. DA Davidson currently has a "Buy" rating and a $542.00 target price 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 recently weighed in on DE. Argus set a $510.00 price objective on Deere & Company in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of Deere & Company from $490.00 to $540.00 and gave the company a "neutral" rating in a report on Friday, May 16th. StockNews.com raised shares of Deere & Company from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group restated a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Finally, Evercore ISI increased their price target on Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research note on Monday. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Deere & Company has a consensus rating of "Hold" and a consensus price target of $513.00.

Deere & Company Price Performance

NYSE DE opened at $525.86 on Wednesday. The business's fifty day moving average is $470.64 and its 200 day moving average is $456.41. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $533.78. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.98 and a current ratio of 2.22. The company has a market capitalization of $142.73 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.72 by $0.92. The firm had revenue of $11.17 billion during the quarter, compared to the consensus estimate of $10.80 billion. Deere & Company had a net margin of 12.94% and a return on equity of 27.31%. The company's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.53 EPS.

Institutional Trading of Deere & Company

Large investors have recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in Deere & Company by 2,750.0% in the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Pineridge Advisors LLC grew its stake in shares of Deere & Company by 60.5% in the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company's stock worth $29,000 after buying an additional 26 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of Deere & Company in the 1st quarter worth about $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Deere & Company by 116.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 36 shares during the last quarter. Finally, YANKCOM Partnership purchased a new position in Deere & Company in the fourth quarter worth about $34,000. Institutional investors own 68.58% of the company's stock.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 8th. Shareholders of record on Monday, March 31st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, March 31st. Deere & Company's dividend payout ratio is presently 31.35%.

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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