Diverse Outlook
Deere & Company (NYSE:DE – Free Report) – Stock analysts at Zacks Research reduced their Q3 2024 earnings per share estimates for shares of Deere & Company in a research note issued on Tuesday, March 19th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $7.00 per share for the quarter, down from their previous estimate of $7.03. The consensus estimate for Deere & Company’s current full-year earnings is $27.42 per share. Zacks Research also issued estimates for Deere & Company’s Q4 2024 earnings at $6.35 EPS, FY2024 earnings at $27.04 EPS, Q1 2025 earnings at $5.15 EPS, Q2 2025 earnings at $6.64 EPS, Q3 2025 earnings at $6.22 EPS, Q4 2025 earnings at $6.46 EPS, FY2025 earnings at $24.47 EPS, Q1 2026 earnings at $5.57 EPS and FY2026 earnings at $26.22 EPS.
A number of other brokerages also recently weighed in on DE. Truist Financial started coverage on Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 target price on the stock. Evercore ISI upped their target price on Deere & Company from $381.00 to $387.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. Melius Research reiterated a “hold” rating on shares of Deere & Company in a report on Monday, January 8th. Melius cut Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $431.69.
Get Our Latest Stock Analysis on Deere & Company
Deere & Company Stock Up 0.9 %
Shares of DE traded up $3.55 during trading hours on Wednesday, reaching $395.06. The company’s stock had a trading volume of 469,945 shares, compared to its average volume of 1,527,331. The firm has a market cap of $109.97 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.45 and a beta of 1.03. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The company has a 50 day moving average of $378.93 and a two-hundred day moving average of $381.83.
Deere & Company (NYSE:DE – Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.30 billion. Deere & Company had a return on equity of 44.60% and a net margin of 16.38%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.55 EPS.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of DE. Retirement Group LLC grew its holdings in shares of Deere & Company by 264.7% during the second quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC boosted its holdings in Deere & Company by 1,180.0% in the fourth 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 during the last quarter. Briaud Financial Planning Inc bought a new position in Deere & Company in the third quarter valued at about $25,000. Rakuten Securities Inc. bought a new position in Deere & Company in the fourth quarter valued at about $28,000. Finally, Naples Money Management LLC bought a new position in Deere & Company in the fourth quarter valued at about $29,000. 66.27% of the stock is currently owned by institutional investors and hedge funds.
Deere & Company Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.47 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.49%. Deere & Company’s dividend payout ratio is currently 17.12%.
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.
Featured Articles
Before you consider Deere & Company, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Deere & Company wasn’t on the list.
While Deere & Company currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.
Source link
