Trimble (TRMB) Scheduled to Post Earnings on Friday

Trimble (NASDAQ:TRMB) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Trimble to post earnings of $0.59 per share for the quarter. Trimble has set its Q1 guidance at $0.57-0.62 EPS and its FY24 guidance at $2.60-2.80 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. During the same quarter last year, the business posted $0.52 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trimble Price Performance

TRMB opened at $58.59 on Thursday. Trimble has a one year low of $39.57 and a one year high of $65.55. The stock has a market capitalization of $14.31 billion, a P/E ratio of 47.20, a price-to-earnings-growth ratio of 2.72 and a beta of 1.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. The company’s 50 day simple moving average is $61.72 and its 200-day simple moving average is $53.66.

Insider Buying and Selling at Trimble

In other Trimble news, VP Jennifer Allison sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the completion of the sale, the vice president now owns 2,315 shares of the company’s stock, valued at approximately $137,927.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Jennifer Allison sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the completion of the transaction, the vice president now directly owns 2,315 shares in the company, valued at approximately $137,927.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Peter Large sold 1,447 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $59.10, for a total transaction of $85,517.70. Following the transaction, the senior vice president now owns 8,220 shares of the company’s stock, valued at $485,802. The disclosure for this sale can be found here. Insiders sold 16,828 shares of company stock valued at $1,013,519 in the last quarter. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Oppenheimer raised their price objective on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Piper Sandler restated an “overweight” rating and set a $73.00 price objective on shares of Trimble in a report on Monday, April 15th. Robert W. Baird lifted their price target on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.