Zacks Research Forecasts Weaker Earnings for Deere & Company

Deere & Company (NYSE:DE) – Investment analysts at Zacks Research decreased their Q1 2027 earnings estimates for Deere & Company in a report issued on Wednesday, December 17th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $4.05 per share for the quarter, down from their previous estimate of $4.39. Zacks Research has a “Hold” rating on the stock. 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 Q4 2027 earnings at $5.64 EPS and FY2028 earnings at $26.06 EPS.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Wednesday, November 26th. The industrial products company reported $3.93 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($0.03). Deere & Company had a return on equity of 20.54% and a net margin of 11.00%.The business had revenue of $12.39 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the business earned $4.55 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on DE. Royal Bank Of Canada reduced their price objective on Deere & Company from $542.00 to $541.00 and set an “outperform” rating on the stock in a research note on Friday, November 28th. Citigroup cut their target price on Deere & Company from $525.00 to $515.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 7th. Jefferies Financial Group increased their price target on Deere & Company from $440.00 to $475.00 and gave the company a “hold” rating in a report on Tuesday, December 9th. Wells Fargo & Company initiated coverage on shares of Deere & Company in a research note on Thursday, November 13th. They set an “overweight” rating and a $543.00 price objective for the company. Finally, DA Davidson reiterated a “buy” rating and set a $580.00 price objective on shares of Deere & Company in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $522.70.

Deere & Company Stock Down 0.9%

Shares of NYSE DE opened at $470.62 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.01 and a debt-to-equity ratio of 1.68. Deere & Company has a 12-month low of $403.01 and a 12-month high of $533.78. The firm’s 50-day moving average price is $471.38 and its 200-day moving average price is $486.77. The stock has a market capitalization of $127.22 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.79 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Deere & Company by 30.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 364,103 shares of the industrial products company’s stock worth $185,143,000 after acquiring an additional 85,351 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Deere & Company by 2.6% during the 2nd quarter. OLD National Bancorp IN now owns 24,000 shares of the industrial products company’s stock worth $12,204,000 after acquiring an additional 610 shares in the last quarter. Bragg Financial Advisors Inc lifted its stake in Deere & Company by 12.7% during the first quarter. Bragg Financial Advisors Inc now owns 7,213 shares of the industrial products company’s stock worth $3,386,000 after purchasing an additional 813 shares during the last quarter. United Asset Strategies Inc. purchased a new stake in Deere & Company during the first quarter worth approximately $2,496,000. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in Deere & Company by 1.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 4,678 shares of the industrial products company’s stock valued at $2,379,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John C. May II sold 11,106 shares of Deere & Company stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $500.08, for a total transaction of $5,553,888.48. Following the completion of the sale, the chief executive officer directly owned 112,453 shares in the company, valued at approximately $56,235,496.24. This trade represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is currently owned by insiders.

Deere & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Wednesday, December 31st will be paid a $1.62 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.4%. Deere & Company’s dividend payout ratio (DPR) is presently 35.01%.

Deere & Company Company Profile

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.