Erste Group Bank Comments on Deere & Company FY2027 Earnings

Deere & Company (NYSE:DE) – Erste Group Bank raised their FY2027 earnings estimates for shares of Deere & Company in a research report issued to clients and investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now expects that the industrial products company will post earnings of $22.68 per share for the year, up from their previous forecast of $22.60. The consensus estimate for Deere & Company’s current full-year earnings is $18.12 per share.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.69 by $0.41. The business had revenue of $12.61 billion during 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%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.75 EPS.

Other equities research analysts have also recently issued research reports about the company. CICC Research initiated coverage on Deere & Company in a research note on Sunday, September 13th. They set an “outperform” rating for the company. Citigroup upped their price target on Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Oppenheimer increased their price target on Deere & Company from $680.00 to $685.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. DA Davidson raised their price objective on Deere & Company from $685.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Finally, Truist Financial reduced their price objective on shares of Deere & Company from $812.00 to $804.00 and set a “buy” rating on the stock in a report on Monday, August 24th. Seventeen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Deere & Company currently has a consensus rating of “Moderate Buy” and an average price target of $680.73.

Deere & Company Trading Up 2.6%

DE opened at $702.82 on Monday. Deere & Company has a one year low of $433.00 and a one year high of $705.88. The stock has a market capitalization of $189.50 billion, a PE ratio of 39.05, a P/E/G ratio of 2.82 and a beta of 0.90. The business’s 50 day moving average price is $636.79 and its 200 day moving average price is $600.94. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company Dividend Announcement

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

Institutional Investors Weigh In On Deere & Company

A number of institutional investors have recently modified their holdings of the company. Security National Bank of SO Dak purchased a new stake in shares of Deere & Company in the 2nd quarter valued at $42,000. Bouchey Financial Group Ltd. boosted its holdings in Deere & Company by 9.3% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 812 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 69 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Deere & Company by 14.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,385 shares of the industrial products company’s stock valued at $11,662,000 after acquiring an additional 2,266 shares during the period. MCF Advisors LLC grew its position in Deere & Company by 0.9% in the 2nd quarter. MCF Advisors LLC now owns 1,999 shares of the industrial products company’s stock valued at $1,271,000 after acquiring an additional 17 shares in the last quarter. Finally, Gemmer Asset Management LLC acquired a new position in Deere & Company in the 2nd quarter valued at about $203,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Deere & Company Company Profile

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.