FY2027 EPS Forecast for Deere & Company Boosted by Analyst

Deere & Company (NYSE:DE) – Zacks Research lifted their FY2027 earnings estimates for Deere & Company in a report issued on Tuesday, January 28th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings per share of $23.41 for the year, up from their prior forecast of $23.34. The consensus estimate for Deere & Company’s current full-year earnings is $19.38 per share.

Deere & Company (NYSE:DE) last posted its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter last year, the company posted $8.26 earnings per share. The firm’s quarterly revenue was down 32.8% compared to the same quarter last year.

A number of other research firms have also weighed in on DE. Citigroup decreased their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley upped their target price on shares of Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Oppenheimer boosted their price target on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Deere & Company from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Finally, Barclays boosted their price target on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $444.50.

Deere & Company Price Performance

DE opened at $476.29 on Thursday. The company has a market capitalization of $129.72 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.95 and a beta of 0.98. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89. The firm has a 50-day moving average price of $444.09 and a 200-day moving average price of $409.10. Deere & Company has a twelve month low of $340.20 and a twelve month high of $485.84.

Institutional Trading of Deere & Company

A number of hedge funds and other institutional investors have recently modified their holdings of DE. Robertson Stephens Wealth Management LLC boosted its holdings in Deere & Company by 2.2% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,002 shares of the industrial products company’s stock valued at $426,000 after acquiring an additional 22 shares during the period. DLK Investment Management LLC boosted its stake in shares of Deere & Company by 0.3% in the 4th quarter. DLK Investment Management LLC now owns 8,212 shares of the industrial products company’s stock valued at $3,479,000 after buying an additional 24 shares during the period. Quent Capital LLC boosted its stake in shares of Deere & Company by 2.8% in the 4th quarter. Quent Capital LLC now owns 889 shares of the industrial products company’s stock valued at $377,000 after buying an additional 24 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Deere & Company by 0.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 8,019 shares of the industrial products company’s stock valued at $3,398,000 after buying an additional 24 shares during the period. Finally, Mattern Wealth Management LLC boosted its stake in shares of Deere & Company by 1.3% in the 3rd quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company’s stock valued at $786,000 after buying an additional 25 shares during the period. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a $1.62 dividend. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. This represents a $6.48 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio is currently 25.31%.

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.