FY2025 EPS Estimate for Deere & Company Decreased by Analyst

Deere & Company (NYSE:DE) – Research analysts at DA Davidson cut their FY2025 earnings per share estimates for Deere & Company in a research note issued on Monday, November 25th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will earn $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 released its quarterly earnings data on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates 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 was down 32.8% compared to the same quarter last year. During the same period last year, the business earned $8.26 EPS.

Several other equities analysts have also recently issued reports on the company. HSBC cut Deere & Company from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Bank of America upped their price target on Deere & Company from $400.00 to $410.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Barclays increased their price objective on Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI boosted their target price on Deere & Company from $371.00 to $378.00 and gave the stock an “in-line” rating in a research report on Monday, August 19th. Finally, UBS Group raised their price target on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $433.00.

Deere & Company Trading Down 0.3 %

NYSE:DE opened at $461.15 on Wednesday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $469.39. The stock has a market cap of $126.17 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.91 and a beta of 0.93. The company’s 50 day moving average price is $409.62 and its 200-day moving average price is $386.98. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Institutional Investors Weigh In On Deere & Company

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bayesian Capital Management LP purchased a new stake in shares of Deere & Company in the first quarter worth $904,000. Coppell Advisory Solutions Corp. bought a new position in Deere & Company in the 1st quarter worth $404,000. Comerica Bank increased its stake in Deere & Company by 1.1% in the 1st quarter. Comerica Bank now owns 63,488 shares of the industrial products company’s stock worth $26,077,000 after buying an additional 667 shares in the last quarter. Pineridge Advisors LLC raised its holdings in Deere & Company by 725.0% during the first quarter. Pineridge Advisors LLC now owns 66 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 58 shares during the period. Finally, WealthPlan Investment Management LLC lifted its position in shares of Deere & Company by 6.9% in the first quarter. WealthPlan Investment Management LLC now owns 555 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 36 shares in the last quarter. 68.58% of the stock is currently owned by hedge funds and other 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.