Zacks Research Lifts Earnings Estimates for Deere & Company

Key Points

• Analysts at Zacks Research have raised their FY2026 EPS estimate for Deere & Company from $18.81 to $18.83, although the consensus estimate for the company's full-year earnings remains higher at $19.32 per share.
• Several brokerage firms have lowered their price targets for Deere shares, with Wolfe Research adjusting its target from $550 to $520 and JPMorgan from $500 to $495.
• Deere & Company recently declared a quarterly dividend of $1.62 per share, reflecting an annualized dividend yield of 1.5%, set to be paid on November 10th.

Deere & Company (NYSE:DE - Free Report) - Analysts at Zacks Research increased their FY2026 EPS estimates for Deere & Company in a note issued to investors on Thursday, October 9th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $18.83 for the year, up from their prior estimate of $18.81. 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 $4.77 EPS.

A number of other analysts also recently weighed in on DE. Wolfe Research decreased their price target on shares of Deere & Company from $550.00 to $520.00 and set an "outperform" rating for the company in a research report on Friday, October 3rd. Daiwa Capital Markets lowered their target price on shares of Deere & Company from $565.00 to $530.00 and set an "outperform" rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. lowered their target price on shares of Deere & Company from $500.00 to $495.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. Oppenheimer lowered their target price on shares of Deere & Company from $566.00 to $512.00 and set an "outperform" rating for the company in a research note on Thursday, September 18th. Finally, Wall Street Zen upgraded shares of Deere & Company from a "sell" rating to a "hold" rating in a research note on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $513.88.

Deere & Company Stock Down 2.1%

DE stock opened at $446.76 on Monday. Deere & Company has a twelve month low of $387.03 and a twelve month high of $533.78. 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 company has a market capitalization of $120.77 billion, a P/E ratio of 23.35, a PEG ratio of 2.87 and a beta of 1.02. The firm has a 50 day simple moving average of $479.15 and a 200-day simple moving average of $488.45.

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

Hedge Funds Weigh In On Deere & Company

Several institutional investors have recently modified their holdings of DE. Mid American Wealth Advisory Group Inc. bought a new position in shares of Deere & Company during the second quarter worth about $25,000. Activest Wealth Management grew its position in shares of Deere & Company by 2,750.0% during the first quarter. Activest Wealth Management now owns 57 shares of the industrial products company's stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of Deere & Company during the second quarter worth about $27,000. Hughes Financial Services LLC bought a new position in shares of Deere & Company during the first quarter worth about $29,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Deere & Company by 116.1% during the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 68.58% of the company's stock.

Deere & Company Dividend Announcement

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 given a dividend of $1.62 per share. The ex-dividend date is Tuesday, September 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.5%. Deere & Company's dividend payout ratio is currently 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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