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FY2025 EPS Estimates for Deere & Company Reduced by Analyst

Deere & Company logo with Industrial Products background

Deere & Company (NYSE:DE - Free Report) - Research analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Deere & Company in a research note issued on Monday, November 25th. DA Davidson analyst M. Shlisky now forecasts that the industrial products company will earn $19.49 per share for the year, down from their previous estimate of $26.75. The consensus estimate for Deere & Company's current full-year earnings is $20.23 per share.

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

Several other brokerages have also recently issued reports on DE. Bank of America boosted their price target on Deere & Company from $400.00 to $410.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. BMO Capital Markets began coverage on Deere & Company in a report on Friday, August 9th. They set a "market perform" rating and a $400.00 price target on the stock. Truist Financial raised their target price on Deere & Company from $496.00 to $538.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Barclays lifted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, Evercore ISI increased their price target on Deere & Company from $371.00 to $378.00 and gave the company an "in-line" rating in a research note on Monday, August 19th. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $433.00.

Check Out Our Latest Stock Report on DE

Deere & Company Stock Performance

DE traded up $4.96 during trading on Wednesday, hitting $466.00. The stock had a trading volume of 1,258,681 shares, compared to its average volume of 1,454,089. The company has a 50 day moving average price of $410.91 and a 200-day moving average price of $387.53. The firm has a market cap of $127.50 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.91 and a beta of 0.93. Deere & Company has a one year low of $340.20 and a one year high of $469.39. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Deere & Company by 32.0% in 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 purchasing an additional 1,782,984 shares during the last quarter. FMR LLC boosted its stake in Deere & Company by 27.8% in the third quarter. FMR LLC now owns 4,542,013 shares of the industrial products company's stock valued at $1,895,518,000 after acquiring an additional 988,380 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in Deere & Company by 53,338.6% during the third quarter. Pathway Financial Advisers LLC now owns 854,484 shares of the industrial products company's stock valued at $356,602,000 after purchasing an additional 852,885 shares during the period. International Assets Investment Management LLC grew its stake in shares of Deere & Company by 46,892.9% during the 3rd quarter. International Assets Investment Management LLC now owns 772,094 shares of the industrial products company's stock worth $322,218,000 after acquiring an additional 770,451 shares during the period. Finally, Stockbridge Partners LLC increased its stake in shares of Deere & Company by 157.5% in the third quarter. Stockbridge Partners LLC now owns 884,237 shares of the industrial products company's stock worth $369,019,000 after purchasing an additional 540,874 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

About Deere & Company

(Get Free Report)

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.

See Also

Earnings History and Estimates for Deere & Company (NYSE:DE)

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