Trimble (TRMB) Set to Announce Earnings on Friday

Trimble (NASDAQ:TRMB) will post 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.Parties interested in listening to the company’s conference call can do so using this link.

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

Trimble Stock Performance

Shares of TRMB opened at $59.21 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 2.67 and a beta of 1.50. The stock has a 50 day moving average of $61.74 and a 200 day moving average of $53.40. Trimble has a 12 month low of $39.57 and a 12 month high of $65.55.

Insider Activity at Trimble

In related news, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction 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 $137,927.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction 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 $137,927.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at approximately $13,134,579.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,828 shares of company stock valued at $1,013,519. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 price target on shares of Trimble in a research report on Monday, April 15th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. JPMorgan Chase & Co. raised their target price on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Robert W. Baird raised their target price on Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Finally, Oppenheimer raised their target price on Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.83.

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.