Deere & Company (NYSE:DE) Releases Quarterly Earnings Results, Beats Expectations By $0.85 EPS

Deere & Company (NYSE:DE) announced its quarterly earnings data on Thursday. The industrial products company reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.70 by $0.85, Zacks reports. Deere & Company had a return on equity of 18.93% and a net margin of 10.29%.

Deere & Company Stock Performance

NYSE:DE opened at $561.14 on Thursday. The firm has a market capitalization of $151.57 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The business’s fifty day moving average price is $579.04 and its 200 day moving average price is $539.38. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.21 and a quick ratio of 1.96. Deere & Company has a 12 month low of $433.00 and a 12 month high of $674.19.

Deere & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Tuesday, March 31st were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Deere & Company’s dividend payout ratio is 36.53%.

More Deere & Company News

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Deere delivered higher second-quarter revenue and maintained its full-year profit guidance, signaling management confidence despite a tougher farm backdrop.
• Positive Sentiment: Construction and forestry sales rose 28.6%, helping offset weakness in production agriculture and supporting overall results.
• Neutral Sentiment: Deere’s reported Starlink/SpaceX connection highlights an emerging technology partnership, but it appears more interesting strategically than immediately material to near-term earnings.
• Negative Sentiment: Production and precision agriculture sales declined 13.9% year over year, underscoring continued pressure in Deere’s core farm-equipment market.
• Negative Sentiment: Headlines about soft farm demand, tariff pressure, and right-to-repair litigation add uncertainty around future margins and demand.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DE shares. Royal Bank Of Canada increased their price objective on Deere & Company from $541.00 to $736.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Truist Financial increased their price objective on Deere & Company from $612.00 to $793.00 and gave the company a “buy” rating in a research note on Friday, February 20th. UBS Group increased their price objective on Deere & Company from $535.00 to $775.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Argus increased their price objective on Deere & Company from $540.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group raised Deere & Company from an “underperform” rating to a “hold” rating and set a $550.00 target price on the stock in a report on Wednesday, April 8th. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Deere & Company presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.45.

Hedge Funds Weigh In On Deere & Company

Several hedge funds have recently made changes to their positions in DE. Brighton Jones LLC grew its holdings in shares of Deere & Company by 39.1% during the fourth quarter. Brighton Jones LLC now owns 4,548 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 1,278 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Deere & Company by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,076 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 150 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Deere & Company during the second quarter worth about $2,153,000. NewEdge Advisors LLC grew its holdings in shares of Deere & Company by 6.0% during the second quarter. NewEdge Advisors LLC now owns 18,758 shares of the industrial products company’s stock worth $9,538,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Deere & Company by 6.7% during the second quarter. Main Street Financial Solutions LLC now owns 1,551 shares of the industrial products company’s stock worth $789,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.