FY2027 EPS Estimates for Deere & Company Lowered by Analyst

Key Points

• Analysts from Zacks Research have lowered their FY2027 earnings estimates for Deere & Company to $24.20 per share, down from a previously forecasted $24.23.
• Despite a quarterly earnings beat, with an EPS of $4.75 against a consensus estimate of $4.62, the company's revenue fell 9.0% year-over-year.
• Institutional investors own 68.58% of Deere & Company's stock, highlighting strong interest from large financial entities.

Deere & Company (NYSE:DE - Free Report) - Analysts at Zacks Research cut their FY2027 earnings estimates for Deere & Company in a note issued to investors on Tuesday, October 21st. Zacks Research analyst Team now expects that the industrial products company will post earnings of $24.20 per share for the year, down from their previous forecast of $24.23. 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.

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

A number of other equities analysts also recently commented on DE. Evercore ISI set a $491.00 target price on shares of Deere & Company in a research note on Tuesday, August 19th. Citigroup reduced their price target on shares of Deere & Company from $525.00 to $515.00 and set a "neutral" rating for the company in a research report on Tuesday, October 7th. Royal Bank Of Canada assumed coverage on shares of Deere & Company in a research report on Wednesday. They issued an "outperform" rating and a $542.00 price target for the company. Robert W. Baird reduced their price target on shares of Deere & Company from $488.00 to $467.00 and set a "neutral" rating for the company in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Deere & Company from $495.00 to $480.00 and set a "neutral" rating for the company in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $518.72.

Deere & Company Stock Performance

Shares of DE stock opened at $462.28 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 1.76. The firm has a fifty day moving average price of $470.40 and a 200 day moving average price of $487.74. The company has a market cap of $124.97 billion, a P/E ratio of 24.17, a PEG ratio of 2.96 and a beta of 1.02. Deere & Company has a 12 month low of $387.03 and a 12 month high of $533.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Absher Wealth Management LLC increased its stake in shares of Deere & Company by 1.1% during the third quarter. Absher Wealth Management LLC now owns 60,631 shares of the industrial products company's stock worth $27,724,000 after acquiring an additional 669 shares during the period. SeaBridge Investment Advisors LLC grew its position in Deere & Company by 4.5% during the third quarter. SeaBridge Investment Advisors LLC now owns 8,185 shares of the industrial products company's stock worth $3,743,000 after buying an additional 349 shares during the period. Abundance Wealth Counselors grew its position in Deere & Company by 1.4% during the third quarter. Abundance Wealth Counselors now owns 3,736 shares of the industrial products company's stock worth $1,708,000 after buying an additional 53 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Deere & Company by 8.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 3,025 shares of the industrial products company's stock worth $1,383,000 after buying an additional 240 shares during the period. Finally, Gries Financial LLC grew its position in Deere & Company by 13.9% during the third quarter. Gries Financial LLC now owns 1,594 shares of the industrial products company's stock worth $729,000 after buying an additional 195 shares during the period. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Deere & Company Announces Dividend

The company also recently declared 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. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Deere & Company's 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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