FY2027 EPS Estimate for Deere & Company Decreased by Analyst

Deere & Company (NYSE:DE) – Erste Group Bank cut their FY2027 earnings per share (EPS) estimates for shares of Deere & Company in a research note issued to investors on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now forecasts that the industrial products company will post earnings per share of $22.81 for the year, down from their previous estimate of $23.00. The consensus estimate for Deere & Company’s current full-year earnings is $18.13 per share.

Other equities analysts have also recently issued research reports about the stock. Truist Financial increased their price objective on shares of Deere & Company from $759.00 to $812.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Bank of America lowered their target price on shares of Deere & Company from $672.00 to $607.50 and set a “neutral” rating on the stock in a research note on Friday, May 22nd. DA Davidson reissued a “buy” rating and issued a $685.00 price target on shares of Deere & Company in a research report on Friday. Weiss Ratings raised shares of Deere & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, Barclays raised their price target on shares of Deere & Company from $530.00 to $640.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.98.

Deere & Company Stock Down 0.2%

DE opened at $597.56 on Friday. Deere & Company has a fifty-two week low of $433.00 and a fifty-two week high of $674.19. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.18 and a quick ratio of 1.95. The firm’s fifty day moving average price is $582.55 and its two-hundred day moving average price is $571.31. The company has a market capitalization of $161.31 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.21 and a beta of 0.89.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Thursday, May 21st. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.70 by $0.85. The business had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $11.55 billion. Deere & Company had a return on equity of 18.25% and a net margin of 10.09%.Deere & Company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $6.64 earnings per share.

Deere & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, June 30th will be issued a $1.62 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $6.48 annualized dividend and a dividend yield of 1.1%. Deere & Company’s dividend payout ratio is presently 36.71%.

Hedge Funds Weigh In On Deere & Company

Several institutional investors have recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new position in shares of Deere & Company in the third quarter valued at approximately $25,000. Key Capital Management INC acquired a new position in shares of Deere & Company in the 4th quarter worth approximately $27,000. Timmons Wealth Management LLC bought a new stake in Deere & Company during the 4th quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new stake in Deere & Company during the 4th quarter valued at $30,000. Finally, Portus Wealth Advisors LLC acquired a new stake in Deere & Company during the 1st quarter valued at $32,000. 68.58% of the stock is owned by institutional investors.

Key Deere & Company News

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: DA Davidson reiterated a buy rating on Deere & Company and lifted its price target to $685, signaling continued analyst confidence in upside potential. Benzinga
• Neutral Sentiment: Deere was highlighted in broader agriculture and industrial stock roundups, keeping investor attention on the company as a key name in the farm equipment sector. Best Agriculture Stocks To Watch Now – July 14th
• Neutral Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for Deere, which is a minor cautionary note but not a major change to longer-term earnings expectations. MarketBeat report on Deere EPS estimate cut
• Negative Sentiment: Deere also remains tied to a broader industrial-sector backdrop that has lagged the market recently, which can weigh on sentiment toward cyclical names. 1 Industrials Stock to Target This Week and 2 We Find Risky

About Deere & Company

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.