Deere & Company (NYSE:DE - Free Report) - Equities research analysts at Zacks Research lowered their FY2025 EPS estimates for shares of Deere & Company in a research report issued to clients and investors on Thursday, September 4th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $18.44 per share for the year, down from their prior estimate of $18.75. 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 Q2 2026 earnings at $5.92 EPS, Q3 2026 earnings at $5.26 EPS, Q4 2026 earnings at $4.75 EPS, FY2026 earnings at $18.81 EPS, Q1 2027 earnings at $4.39 EPS, Q2 2027 earnings at $7.22 EPS, Q3 2027 earnings at $6.43 EPS and FY2027 earnings at $24.18 EPS.
Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $4.62 by $0.13. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.33 billion. Deere & Company had a net margin of 11.72% and a return on equity of 21.97%. The business's revenue for the quarter was down 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $6.29 EPS.
Other research analysts have also issued reports about the stock. Melius upgraded shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Truist Financial cut their target price on shares of Deere & Company from $619.00 to $602.00 and set a "buy" rating for the company in a research report on Friday, August 15th. The Goldman Sachs Group reissued a "buy" rating on shares of Deere & Company in a research note on Thursday, May 15th. Barclays boosted their price target on shares of Deere & Company from $475.00 to $530.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $460.00 price target (up from $425.00) on shares of Deere & Company in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $520.87.
Check Out Our Latest Stock Report on Deere & Company
Deere & Company Price Performance
NYSE:DE traded up $0.26 during midday trading on Friday, hitting $475.86. The company had a trading volume of 489,080 shares, compared to its average volume of 1,353,690. Deere & Company has a 52-week low of $378.66 and a 52-week high of $533.78. The stock's fifty day moving average price is $500.10 and its 200-day moving average price is $490.54. The company has a market capitalization of $128.64 billion, a PE ratio of 24.84, a P/E/G ratio of 3.09 and a beta of 1.00. The company has a quick ratio of 1.98, a current ratio of 2.19 and a debt-to-equity ratio of 1.76.
Hedge Funds Weigh In On Deere & Company
A number of institutional investors have recently bought and sold shares of DE. Mid American Wealth Advisory Group Inc. purchased a new stake in Deere & Company in the second quarter worth about $25,000. Activest Wealth Management grew its holdings 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 period. Howard Hughes Medical Institute purchased a new stake in Deere & Company in the second quarter worth about $27,000. Hughes Financial Services LLC purchased a new stake in Deere & Company in the first quarter worth about $29,000. Finally, Cornerstone Planning Group LLC grew its holdings in Deere & Company by 116.1% in the first quarter. Cornerstone Planning Group LLC now owns 67 shares of the industrial products company's stock worth $31,000 after purchasing an additional 36 shares during the period. 68.58% of the stock is owned by institutional investors.
Deere & Company Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Deere & Company's dividend payout ratio is presently 33.87%.
About Deere & Company
(
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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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