FY2025 EPS Forecast for Deere & Company Reduced by Analyst

Deere & Company (NYSE:DE) – Equities research analysts at DA Davidson cut their FY2025 EPS estimates for Deere & Company in a report released 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 earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.90 by $0.65. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. During the same quarter last year, the firm posted $8.26 earnings per share. The firm’s revenue was down 32.8% on a year-over-year basis.

Other research analysts have also issued reports about the stock. Citigroup increased their target price on shares of Deere & Company from $395.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Barclays increased their price objective on shares of Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Truist Financial boosted their target price on Deere & Company from $496.00 to $538.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Bank of America increased their price target on Deere & Company from $400.00 to $410.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Deere & Company from $402.00 to $389.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Deere & Company currently has an average rating of “Hold” and an average target price of $433.00.

Deere & Company Stock Performance

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

Institutional Trading of Deere & Company

A number of hedge funds have recently bought and sold shares of the business. Mattern Wealth Management LLC grew its holdings in shares of Deere & Company by 1.3% during the 3rd quarter. Mattern Wealth Management LLC now owns 1,884 shares of the industrial products company’s stock worth $786,000 after acquiring an additional 25 shares during the period. Carret Asset Management LLC boosted its position in shares of Deere & Company by 0.3% during the third quarter. Carret Asset Management LLC now owns 8,148 shares of the industrial products company’s stock valued at $3,401,000 after purchasing an additional 25 shares in the last quarter. Round Rock Advisors LLC grew its stake in Deere & Company by 2.0% in the third quarter. Round Rock Advisors LLC now owns 1,252 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 25 shares during the period. Centaurus Financial Inc. raised its holdings in Deere & Company by 2.3% in the second quarter. Centaurus Financial Inc. now owns 1,160 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 26 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its position in Deere & Company by 0.7% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,495 shares of the industrial products company’s stock valued at $1,459,000 after buying an additional 26 shares during the period. 68.58% of the stock is currently 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.