Trimble (NASDAQ:TRMB) Releases Q4 2018 Earnings Guidance

Trimble (NASDAQ:TRMB) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $0.44-0.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.46. The company issued revenue guidance of $791-821 million, compared to the consensus revenue estimate of $826.52 million.Trimble also updated its Q4 guidance to $0.44-0.48 EPS.

TRMB traded down $0.98 on Friday, reaching $36.81. The stock had a trading volume of 1,452,678 shares, compared to its average volume of 1,141,494. The stock has a market cap of $9.46 billion, a PE ratio of 28.76, a PEG ratio of 2.21 and a beta of 2.45. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. Trimble has a fifty-two week low of $32.01 and a fifty-two week high of $45.70.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). Trimble had a net margin of 5.32% and a return on equity of 16.21%. The company had revenue of $804.70 million during the quarter, compared to analyst estimates of $806.12 million. During the same period in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities research analysts expect that Trimble will post 1.65 EPS for the current year.

Several brokerages have issued reports on TRMB. BidaskClub upgraded Trimble from a sell rating to a hold rating in a report on Friday, September 14th. ValuEngine upgraded Trimble from a hold rating to a buy rating in a report on Wednesday, September 12th. Zacks Investment Research lowered Trimble from a buy rating to a hold rating in a report on Tuesday, August 7th. Finally, Robert W. Baird raised their target price on Trimble from $44.00 to $47.00 and gave the company an outperform rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Trimble has a consensus rating of Hold and an average target price of $43.40.

In related news, SVP Sachin Sankpal sold 3,151 shares of Trimble stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.02, for a total transaction of $135,556.02. Following the completion of the sale, the senior vice president now owns 17,997 shares of the company’s stock, valued at $774,230.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert G. Painter sold 750 shares of Trimble stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $38.87, for a total value of $29,152.50. Following the sale, the chief financial officer now directly owns 10,888 shares of the company’s stock, valued at approximately $423,216.56. The disclosure for this sale can be found here. Insiders sold 72,306 shares of company stock valued at $2,946,255 over the last three months. Company insiders own 1.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Trimble (NASDAQ:TRMB) Releases Q4 2018 Earnings Guidance” was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.baseballdailydigest.com/2018/11/10/trimble-trmb-issues-q4-2018-earnings-guidance.html.

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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

Read More: Earnings Per Share (EPS)

Earnings History and Estimates for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply