Erste Group Bank Estimates Deere & Company FY2027 Earnings

Deere & Company (NYSE:DE) – Investment analysts at Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for shares of Deere & Company in a research note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now expects that the industrial products company will post earnings per share of $22.60 for the year, up from their prior estimate of $22.50. The consensus estimate for Deere & Company’s current full-year earnings is $18.12 per share.

DE has been the topic of several other reports. Wall Street Zen lowered shares of Deere & Company from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. CICC Research assumed coverage on shares of Deere & Company in a report on Sunday. They issued an “outperform” rating for the company. Seaport Research Partners set a $570.00 price target on Deere & Company in a research note on Friday, August 14th. Oppenheimer upped their price target on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Bank of America lowered their price target on Deere & Company from $672.00 to $607.50 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Deere & Company presently has a consensus rating of “Moderate Buy” and an average target price of $680.73.

Deere & Company Price Performance

Shares of DE opened at $684.28 on Monday. The firm has a 50-day simple moving average of $627.15 and a two-hundred day simple moving average of $598.71. The stock has a market cap of $184.50 billion, a PE ratio of 38.02, a P/E/G ratio of 2.81 and a beta of 0.90. Deere & Company has a 1-year low of $433.00 and a 1-year high of $705.88. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.10 and a quick ratio of 1.89.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, August 20th. The industrial products company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. The company had revenue of $12.61 billion for the quarter, compared to analysts’ expectations of $10.81 billion. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. Deere & Company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.75 earnings per share.

Deere & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, September 30th will be given a $1.62 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $6.48 dividend on an annualized basis and a yield of 0.9%. Deere & Company’s dividend payout ratio (DPR) is currently 36.00%.

Hedge Funds Weigh In On Deere & Company

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Deere & Company during the 2nd quarter worth about $27,000. Kilter Group LLC acquired a new position in Deere & Company in the second quarter valued at approximately $29,000. Solstein Capital LLC purchased a new position in Deere & Company in the second quarter valued at approximately $30,000. Orion Capital Management LLC purchased a new position in Deere & Company in the second quarter valued at approximately $32,000. Finally, Markowski Investments acquired a new stake in Deere & Company during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 68.58% of the company’s stock.

About Deere & Company

Deere & Company, operating under the John Deere brand, is a global manufacturer of agricultural, construction, forestry and turf-care equipment. Its products include tractors, combines, harvesters, planters, sprayers, loaders, excavators, skid steers, forestry machines, commercial mowing equipment and compact utility tractors. The company also develops precision agriculture and construction technologies, including machine guidance, automation, data-management and connected-equipment solutions.

Founded by blacksmith John Deere in 1837, the company has grown from its original steel plow business into a diversified equipment and technology provider.