Zacks Research Weighs in on Deere & Company Q1 Earnings

Deere & Company (NYSE:DE - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2026 EPS estimates for Deere & Company in a note issued to investors on Tuesday, June 24th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $3.48 per share for the quarter, up from their prior estimate of $3.46. 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 $5.80 EPS, Q2 2027 earnings at $6.81 EPS and FY2027 earnings at $23.56 EPS.

Other equities analysts also recently issued reports about the company. DA Davidson restated a "buy" rating and issued a $542.00 price objective on shares of Deere & Company in a report on Friday, May 16th. UBS Group cut their price target on shares of Deere & Company from $462.00 to $440.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Evercore ISI boosted their price objective on shares of Deere & Company from $455.00 to $493.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Melius raised shares of Deere & Company from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Oppenheimer raised their target price on shares of Deere & Company from $513.00 to $555.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $515.19.

Deere & Company Price Performance

DE stock opened at $506.87 on Thursday. The stock has a 50-day moving average price of $498.19 and a two-hundred day moving average price of $471.85. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 1.76. The company has a market cap of $137.28 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.26 and a beta of 1.09.

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

Hedge Funds Weigh In On Deere & Company

A number of institutional investors have recently made changes to their positions in DE. Brighton Jones LLC raised its stake in Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company's stock valued at $1,927,000 after buying an additional 1,278 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $1,073,000. FourThought Financial Partners LLC bought a new stake in shares of Deere & Company in the 4th quarter valued at approximately $574,000. Pinnacle West Asset Management Inc. increased its holdings in shares of Deere & Company by 3.9% in the 4th quarter. Pinnacle West Asset Management Inc. now owns 4,023 shares of the industrial products company's stock valued at $1,705,000 after acquiring an additional 150 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Deere & Company by 4.1% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,601 shares of the industrial products company's stock valued at $1,106,000 after acquiring an additional 103 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 annualized dividend and a yield of 1.28%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.