Q3 EPS Estimates for Deere & Company Raised by Analyst

Deere & Company (NYSE:DE - Free Report) - Equities researchers at Zacks Research upped their Q3 2026 earnings estimates for shares of Deere & Company in a research report issued to clients and investors on Tuesday, June 24th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $5.03 for the quarter, up from their prior forecast of $5.02. The consensus estimate for Deere & Company's current full-year earnings is $19.32 per share. Zacks Research also issued estimates for Deere & Company's Q4 2026 earnings at $5.02 EPS, FY2026 earnings at $19.32 EPS and Q1 2027 earnings at $4.41 EPS.

Deere & Company (NYSE:DE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping analysts' consensus estimates of $5.72 by $0.92. The company had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. Deere & Company's revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.53 earnings per share.

Other analysts also recently issued research reports about the stock. Raymond James Financial increased their target price on shares of Deere & Company from $530.00 to $560.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Morgan Stanley upped their price target on shares of Deere & Company from $450.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Bank of America lifted their price objective on Deere & Company from $495.00 to $556.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. UBS Group dropped their price objective on Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Oppenheimer raised their target price on Deere & Company from $513.00 to $555.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $515.19.

Deere & Company Trading Up 1.0%

Shares of NYSE DE traded up $4.93 during trading on Friday, reaching $513.46. The company had a trading volume of 1,835,337 shares, compared to its average volume of 1,380,787. The stock has a market cap of $139.06 billion, a P/E ratio of 24.84, a PEG ratio of 3.21 and a beta of 1.09. The company's fifty day moving average price is $499.31 and its 200-day moving average price is $472.26. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 1.76. Deere & Company has a 12 month low of $340.20 and a 12 month high of $533.78.

Institutional Investors Weigh In On Deere & Company

Several institutional investors have recently bought and sold shares of the stock. AG2R LA Mondiale Gestion D Actifs purchased a new position in Deere & Company during the 1st quarter worth $4,870,000. Voya Investment Management LLC increased its stake in Deere & Company by 97.1% in the 1st quarter. Voya Investment Management LLC now owns 733,871 shares of the industrial products company's stock valued at $344,442,000 after buying an additional 361,526 shares during the last quarter. Compass Financial Services Inc lifted its position in shares of Deere & Company by 29.1% during the 1st quarter. Compass Financial Services Inc now owns 776 shares of the industrial products company's stock worth $364,000 after buying an additional 175 shares in the last quarter. eCIO Inc. bought a new position in shares of Deere & Company during the 1st quarter worth approximately $102,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Deere & Company by 20.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 128 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be issued a $1.62 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.26%. Deere & Company's dividend payout ratio is presently 31.35%.

Deere & Company Company Profile

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.