Zacks Research Expects Higher Earnings for Deere & Company

Deere & Company (NYSE:DE) – Equities researchers at Zacks Research upped their Q2 2027 earnings per share (EPS) estimates for shares of Deere & Company in a research note issued to investors on Monday, July 28th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $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 posted its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.64 EPS for the quarter, topping the consensus estimate of $5.72 by $0.92. Deere & Company had a return on equity of 24.39% and a net margin of 12.40%. The business had revenue of $11.17 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $8.53 EPS. The company’s quarterly revenue was down 17.9% compared to the same quarter last year.

A number of other brokerages also recently issued reports on DE. DA Davidson reissued a “buy” rating and set a $542.00 price objective on shares of Deere & Company in a research report on Friday, May 16th. Melius raised Deere & Company from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Bank of America raised their price objective on Deere & Company from $495.00 to $556.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Robert W. Baird raised their price objective on Deere & Company from $501.00 to $514.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Barclays raised their price objective on Deere & Company from $475.00 to $530.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Deere & Company has an average rating of “Hold” and an average target price of $515.50.

Deere & Company Stock Down 0.8%

Shares of NYSE:DE opened at $508.18 on Wednesday. The business has a 50-day moving average price of $512.26 and a 200 day moving average price of $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 capitalization of $137.63 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 3.25 and a beta of 1.08. Deere & Company has a 12-month low of $340.20 and a 12-month high of $533.78.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Southland Equity Partners LLC grew its holdings in Deere & Company by 3.9% in the second quarter. Southland Equity Partners LLC now owns 534 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 20 shares during the last quarter. Vivid Wealth Management LLC grew its holdings in Deere & Company by 1.9% in the second quarter. Vivid Wealth Management LLC now owns 1,088 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 20 shares during the last quarter. Werba Rubin Papier Wealth Management grew its holdings in Deere & Company by 3.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 676 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 20 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Deere & Company by 1.2% in the first quarter. Chicago Partners Investment Group LLC now owns 1,803 shares of the industrial products company’s stock valued at $852,000 after purchasing an additional 21 shares during the last quarter. Finally, Tyler Stone Wealth Management grew its holdings in Deere & Company by 1.7% in the first quarter. Tyler Stone Wealth Management now owns 1,230 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 68.58% of the company’s stock.

Deere & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, June 30th will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, June 30th. 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.