Trimble (TRMB) Set to Announce Earnings on Friday

Trimble (NASDAQ:TRMB - Get Free Report) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce 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.Investors interested in registering for the company's conference call can do so using this link.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS 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 the consensus estimate of $908.43 million. During the same quarter last year, the firm posted $0.52 EPS. The company's quarterly 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 Stock Up 1.6 %

Shares of Trimble stock traded up $0.94 during trading on Friday, reaching $60.15. 790,684 shares of the company traded hands, compared to its average volume of 1,381,476. The firm has a market capitalization of $14.69 billion, a PE ratio of 48.12, a P/E/G ratio of 2.67 and a beta of 1.50. Trimble has a 1-year low of $39.57 and a 1-year high of $65.55. The company has a 50 day moving average price of $61.72 and a 200-day moving average price of $53.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Trimble from $59.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 13th. Oppenheimer increased their price target on Trimble from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, March 14th. JPMorgan Chase & Co. boosted their price objective on Trimble from $48.00 to $56.00 and gave the company a "neutral" rating in a report on Friday, February 9th. StockNews.com lowered Trimble from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. Finally, Piper Sandler reissued an "overweight" rating and issued a $73.00 price target on shares of Trimble in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.83.

Insider Transactions at Trimble

In related news, SVP Peter Large sold 1,447 shares of Trimble 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Peter Large sold 1,447 shares of the firm's stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total transaction of $85,517.70. Following the transaction, the senior vice president now directly owns 8,220 shares of the company's stock, valued at $485,802. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the company's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the completion of the sale, the chief executive officer now directly owns 239,901 shares of the company's stock, valued at $13,134,579.75. The disclosure for this sale can be found here. Insiders sold a total of 16,828 shares of company stock valued at $1,013,519 over the last ninety days. 0.47% of the stock is currently owned by insiders.

Trimble Company Profile

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.