Zacks Research Expects Higher Earnings for Deere & Company

Deere & Company (NYSE:DE) – Zacks Research lifted their Q2 2027 EPS estimates for Deere & Company in a research report issued on Monday, July 28th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn $6.82 per share for the quarter, up from their previous forecast of $6.81. The consensus estimate for Deere & Company’s current full-year earnings is $19.32 per share.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 earnings per share for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a net margin of 12.40% and a return on equity of 24.39%. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company earned $8.53 EPS. Deere & Company’s quarterly revenue was down 17.9% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Raymond James Financial increased their price target on shares of Deere & Company from $530.00 to $560.00 and gave the stock an “outperform” rating 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. The Goldman Sachs Group reiterated a “buy” rating on shares of Deere & Company in a report on Thursday, May 15th. Melius upgraded Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Oppenheimer upped their price objective on Deere & Company from $555.00 to $560.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $515.50.

Deere & Company Price Performance

Shares of NYSE:DE opened at $508.18 on Wednesday. Deere & Company has a twelve month low of $340.20 and a twelve month high of $533.78. The company’s 50 day moving average is $512.26 and its 200 day moving average is $485.87. 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 $137.63 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 3.25 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Blueprint LLC lifted its holdings in Deere & Company by 32.3% in the 2nd quarter. Strategic Blueprint LLC now owns 627 shares of the industrial products company’s stock valued at $319,000 after purchasing an additional 153 shares in the last quarter. Granite Harbor Advisors Inc. raised its holdings in shares of Deere & Company by 5.9% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 668 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 37 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new position in shares of Deere & Company during the 2nd quarter worth $217,000. Caliber Wealth Management LLC KS purchased a new position in shares of Deere & Company during the 2nd quarter worth $340,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Deere & Company by 0.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,486 shares of the industrial products company’s stock worth $1,264,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Announces Dividend

The company 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 $1.62 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.48 dividend on an annualized basis and a yield of 1.28%. Deere & Company’s payout ratio is currently 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.