Analysts Anticipate Trimble Inc (TRMB) Will Announce Earnings of $0.46 Per Share

Equities research analysts forecast that Trimble Inc (NASDAQ:TRMB) will report earnings of $0.46 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Trimble’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.47. Trimble reported earnings of $0.44 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The company is expected to report its next quarterly earnings report on Monday, May 6th.

On average, analysts expect that Trimble will report full-year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.04 to $2.12. For the next year, analysts expect that the business will post earnings of $2.32 per share, with EPS estimates ranging from $2.21 to $2.38. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Trimble.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Trimble had a net margin of 9.10% and a return on equity of 16.48%. The firm had revenue of $792.90 million during the quarter, compared to analyst estimates of $809.82 million. During the same period in the previous year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis.

TRMB has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Trimble from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. BidaskClub lowered shares of Trimble from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $41.00 to $40.00 in a research note on Thursday, January 10th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Trimble presently has a consensus rating of “Buy” and a consensus price target of $41.00.

Shares of TRMB stock traded up $0.11 during trading hours on Friday, reaching $40.40. The company had a trading volume of 965,876 shares, compared to its average volume of 951,071. Trimble has a one year low of $29.75 and a one year high of $44.55. The firm has a market capitalization of $10.17 billion, a PE ratio of 23.91, a P/E/G ratio of 2.09 and a beta of 2.18. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.64.

In related news, CEO Steven W. Berglund sold 381,675 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $37.73, for a total transaction of $14,400,597.75. Following the completion of the sale, the chief executive officer now directly owns 574,467 shares in the company, valued at $21,674,639.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ulf J. Johansson sold 85,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $38.05, for a total transaction of $3,234,250.00. Following the sale, the director now owns 60,356 shares of the company’s stock, valued at $2,296,545.80. The disclosure for this sale can be found here. Insiders have sold 627,053 shares of company stock valued at $24,047,485 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JOYN Advisors Inc. grew its position in Trimble by 164.5% during the fourth quarter. JOYN Advisors Inc. now owns 902 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 561 shares during the period. Lake Point Wealth Management bought a new stake in Trimble during the fourth quarter valued at approximately $31,000. Liberty Wealth Management LLC bought a new stake in Trimble during the fourth quarter valued at approximately $36,000. Captrust Financial Advisors grew its position in Trimble by 152.3% during the fourth quarter. Captrust Financial Advisors now owns 1,882 shares of the scientific and technical instruments company’s stock valued at $62,000 after buying an additional 1,136 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in Trimble during the fourth quarter valued at approximately $68,000. Institutional investors own 91.26% of the company’s stock.

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; and integrated workplace management services software.

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