Trimble (TRMB) Expected to Announce Quarterly Earnings on Wednesday

Trimble (NASDAQ:TRMB - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Wednesday, May 7th. Analysts expect Trimble to post earnings of $0.60 per share and revenue of $810.45 million for the quarter.

Trimble Stock Performance

TRMB traded up $0.19 during midday trading on Wednesday, reaching $62.14. The company had a trading volume of 1,701,748 shares, compared to its average volume of 1,404,698. The business has a 50-day moving average of $64.63 and a two-hundred day moving average of $68.79. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble has a 1 year low of $48.65 and a 1 year high of $77.78. The company has a market cap of $15.27 billion, a P/E ratio of 10.20, a P/E/G ratio of 3.09 and a beta of 1.57.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent analyst reports. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Oppenheimer raised their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Trimble presently has a consensus rating of "Buy" and an average price target of $86.00.

Insiders Place Their Bets

In other news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Trimble stock. Brighton Jones LLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,985 shares of the scientific and technical instruments company's stock, valued at approximately $211,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

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.