FY2025 EPS Estimate for Deere & Company Decreased by Analyst

Deere & Company (NYSE:DE) – Research analysts at DA Davidson cut their FY2025 earnings estimates for Deere & Company in a note issued to investors on Monday, November 25th. DA Davidson analyst M. Shlisky now forecasts that the industrial products company will post earnings of $19.49 per share for the year, down from their prior estimate of $26.75. The consensus estimate for Deere & Company’s current full-year earnings is $20.23 per share.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping analysts’ consensus estimates of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.26 earnings per share.

DE has been the subject of a number of other reports. Evercore ISI boosted their price target on shares of Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research note on Monday, August 19th. HSBC downgraded shares of Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Truist Financial upped their target price on shares of Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Barclays upped their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Bank of America upped their target price on shares of Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $436.41.

Deere & Company Trading Up 1.1 %

DE opened at $466.00 on Wednesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. The company has a market cap of $127.50 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The firm has a 50 day simple moving average of $410.91 and a 200 day simple moving average of $387.53. Deere & Company has a fifty-two week low of $340.20 and a fifty-two week high of $469.39.

Institutional Trading of Deere & Company

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Deere & Company by 32.0% during the third quarter. Wellington Management Group LLP now owns 7,352,465 shares of the industrial products company’s stock worth $3,068,404,000 after acquiring an additional 1,782,984 shares in the last quarter. Geode Capital Management LLC raised its position in Deere & Company by 0.6% during the third quarter. Geode Capital Management LLC now owns 5,208,368 shares of the industrial products company’s stock worth $2,168,737,000 after acquiring an additional 31,459 shares in the last quarter. FMR LLC raised its position in Deere & Company by 27.8% during the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company’s stock worth $1,895,518,000 after acquiring an additional 988,380 shares in the last quarter. Legal & General Group Plc raised its position in Deere & Company by 2.7% during the second quarter. Legal & General Group Plc now owns 2,254,266 shares of the industrial products company’s stock worth $842,259,000 after acquiring an additional 60,255 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Deere & Company by 15.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,146,441 shares of the industrial products company’s stock worth $802,037,000 after acquiring an additional 279,627 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

About Deere & Company

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.