Equities Analysts Offer Predictions for Deere & Company's Q4 2024 Earnings (NYSE:DE)

Deere & Company (NYSE:DE - Free Report) - DA Davidson issued their Q4 2024 earnings per share estimates for shares of Deere & Company in a report released on Monday, August 19th. DA Davidson analyst M. Shlisky anticipates that the industrial products company will earn $3.56 per share for the quarter. DA Davidson currently has a "Buy" rating and a $465.00 target price on the stock. The consensus estimate for Deere & Company's current full-year earnings is $25.41 per share.

Deere & Company (NYSE:DE - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.63 by $0.66. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The firm had revenue of $11.39 billion for the quarter, compared to analysts' expectations of $10.94 billion. During the same period last year, the business posted $10.20 earnings per share. The firm's revenue for the quarter was down 20.3% on a year-over-year basis.

DE has been the topic of a number of other reports. HSBC cut Deere & Company from a "buy" rating to a "hold" rating in a research note on Monday. Daiwa Capital Markets raised their target price on Deere & Company from $400.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, May 15th. Truist Financial reiterated a "buy" rating and issued a $443.00 target price (up from $439.00) on shares of Deere & Company in a research note on Friday, August 16th. Citigroup cut their target price on Deere & Company from $395.00 to $370.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 13th. Finally, Oppenheimer cut their target price on Deere & Company from $465.00 to $448.00 and set an "outperform" rating on the stock in a research note on Monday, July 22nd. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $421.90.

Deere & Company Stock Performance

DE traded up $4.49 during trading hours on Wednesday, hitting $377.08. 1,249,147 shares of the stock were exchanged, compared to its average volume of 1,545,077. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.01 and a quick ratio of 1.80. The stock has a market cap of $103.91 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. Deere & Company has a 12 month low of $340.20 and a 12 month high of $423.35. The stock has a 50-day simple moving average of $367.84 and a 200-day simple moving average of $380.05.

Institutional Investors Weigh In On Deere & Company

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC raised its stake in shares of Deere & Company by 1,180.0% in the 4th quarter. True Wealth Design LLC now owns 64 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 59 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Deere & Company in the 2nd quarter valued at approximately $26,000. Pineridge Advisors LLC raised its stake in shares of Deere & Company by 725.0% in the 1st 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 in the last quarter. Private Wealth Management Group LLC bought a new position in Deere & Company in the 4th quarter worth approximately $29,000. Finally, Bfsg LLC bought a new position in Deere & Company in the 4th quarter worth approximately $30,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Cory J. Reed sold 13,370 shares of Deere & Company stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now owns 41,642 shares of the company's stock, valued at approximately $15,725,268.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

Deere & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, June 28th were paid a $1.47 dividend. The ex-dividend date was Friday, June 28th. This represents a $5.88 dividend on an annualized basis and a yield of 1.56%. Deere & Company's dividend payout ratio is currently 17.70%.

Deere & Company Company Profile

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.