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.

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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)

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