FY2027 EPS Estimate for Deere & Company Boosted by Analyst

Deere & Company (NYSE:DE) – Research analysts at Erste Group Bank lifted their FY2027 earnings per share estimates for shares of Deere & Company in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the industrial products company will post earnings per share of $22.60 for the year, up from their prior estimate of $22.50. The consensus estimate for Deere & Company’s current full-year earnings is $18.12 per share.

Several other analysts have also recently weighed in on DE. DA Davidson raised their price objective on shares of Deere & Company from $685.00 to $760.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Barclays upped their target price on shares of Deere & Company from $640.00 to $675.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Raymond James Financial increased their target price on Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Wall Street Zen cut Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Bank of America lowered their target price on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research note on Friday, May 22nd. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $680.73.

Deere & Company Trading Up 1.0%

Shares of Deere & Company stock opened at $682.45 on Monday. Deere & Company has a 1 year low of $433.00 and a 1 year high of $705.88. The firm has a market cap of $184.00 billion, a PE ratio of 37.91, a PEG ratio of 2.79 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89. The company has a 50 day simple moving average of $625.52 and a two-hundred day simple moving average of $598.29.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.69 by $0.41. The company had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. Deere & Company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.75 earnings per share.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Deere & Company’s payout ratio is currently 36.00%.

Institutional Investors Weigh In On Deere & Company

Several institutional investors and hedge funds have recently bought and sold shares of DE. California State Teachers Retirement System raised its holdings in Deere & Company by 60,460.4% in the 2nd quarter. California State Teachers Retirement System now owns 234,586,018 shares of the industrial products company’s stock worth $148,804,949,000 after acquiring an additional 234,198,659 shares during the last quarter. BlackRock Inc. purchased a new stake in Deere & Company during the 2nd quarter valued at $11,763,504,000. State Street Corp boosted its stake in Deere & Company by 0.9% during the 4th quarter. State Street Corp now owns 10,485,949 shares of the industrial products company’s stock valued at $4,898,717,000 after purchasing an additional 97,049 shares during the last quarter. Capital World Investors increased its holdings in shares of Deere & Company by 53.9% in the 4th quarter. Capital World Investors now owns 9,592,004 shares of the industrial products company’s stock worth $4,465,906,000 after purchasing an additional 3,358,264 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Deere & Company by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,600,552 shares of the industrial products company’s stock worth $2,609,149,000 after purchasing an additional 17,269 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

About Deere & Company

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.