Equities research analysts forecast that Trimble Inc. (NASDAQ:TRMB) will post sales of $870.23 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Trimble's earnings. The highest sales estimate is $895.74 million and the lowest is $839.50 million. Trimble reported sales of $792.10 million in the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The business is expected to report its next quarterly earnings report on Wednesday, November 3rd.
According to Zacks, analysts expect that Trimble will report full-year sales of $3.59 billion for the current financial year, with estimates ranging from $3.46 billion to $3.62 billion. For the next financial year, analysts anticipate that the business will post sales of $3.82 billion, with estimates ranging from $3.71 billion to $3.91 billion. Zacks' sales calculations are an average based on a survey of analysts that that provide coverage for Trimble.
Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 4th. The scientific and technical instruments company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.12. The business had revenue of $945.30 million during the quarter, compared to the consensus estimate of $870.23 million. Trimble had a net margin of 15.01% and a return on equity of 15.69%. The business's revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS.
In other Trimble news, Director Steven W. Berglund sold 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $88.40, for a total value of $5,304,000.00. Following the completion of the transaction, the director now owns 138,695 shares of the company's stock, valued at approximately $12,260,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Julie A. Shepard sold 2,113 shares of the firm's stock in a transaction on Friday, August 6th. The shares were sold at an average price of $89.20, for a total transaction of $188,479.60. Following the completion of the sale, the vice president now owns 34,762 shares in the company, valued at $3,100,770.40. The disclosure for this sale can be found here. Insiders have sold a total of 323,510 shares of company stock valued at $29,236,572 in the last ninety days. 0.48% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its stake in Trimble by 3.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 616,749 shares of the scientific and technical instruments company's stock worth $50,469,000 after acquiring an additional 19,277 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG raised its stake in Trimble by 45.4% during the 2nd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 15,551 shares of the scientific and technical instruments company's stock worth $1,272,000 after acquiring an additional 4,859 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Trimble during the 2nd quarter worth $554,000. EP Wealth Advisors LLC acquired a new stake in Trimble during the 2nd quarter worth $213,000. Finally, Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in Trimble during the 2nd quarter worth $7,651,000. Institutional investors and hedge funds own 90.08% of the company's stock.
NASDAQ:TRMB opened at $91.95 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.28. The stock has a market capitalization of $23.14 billion, a P/E ratio of 44.85, a PEG ratio of 4.32 and a beta of 1.53. The company has a 50 day moving average price of $88.58 and a 200 day moving average price of $81.86. Trimble has a fifty-two week low of $46.78 and a fifty-two week high of $96.49.
Trimble Company Profile
Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.
See Also: What’s a Black Swan?
Get a free copy of the Zacks research report on Trimble (TRMB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Trimble, 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 Trimble wasn't on the list.
While Trimble currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here