Trimble (NASDAQ:TRMB – Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, August 3rd. Analysts expect Trimble to post earnings of $0.58 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Trimble (NASDAQ:TRMB – Get Free Report) last issued its quarterly earnings results on Wednesday, May 3rd. The scientific and technical instruments company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. Trimble had a net margin of 13.01% and a return on equity of 13.68%. The business had revenue of $915.40 million for the quarter, compared to analysts’ expectations of $935.43 million. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Trimble Stock Up 0.2 %
TRMB opened at $53.94 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.51. Trimble has a fifty-two week low of $45.43 and a fifty-two week high of $72.24. The firm’s fifty day moving average is $50.76 and its 200 day moving average is $51.36. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Trimble from $63.00 to $59.00 in a research note on Thursday, May 4th. Edward Jones upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, April 5th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Finally, 888 restated a “maintains” rating on shares of Trimble in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.00.
Insider Buying and Selling at Trimble
In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $53.00, for a total value of $132,500.00. Following the completion of the sale, the chief executive officer now directly owns 215,356 shares of the company’s stock, valued at approximately $11,413,868. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Trimble
Hedge funds have recently modified their holdings of the business. Private Advisor Group LLC purchased a new stake in shares of Trimble in the 1st quarter worth approximately $271,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Trimble in the 4th quarter worth approximately $255,000. National Wealth Management Group LLC purchased a new stake in shares of Trimble in the 1st quarter worth approximately $251,000. Wetherby Asset Management Inc. purchased a new stake in shares of Trimble in the 1st quarter worth approximately $235,000. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Trimble by 9.6% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 4,428 shares of the scientific and technical instruments company’s stock worth $232,000 after acquiring an additional 388 shares in the last quarter. Hedge funds and other institutional investors own 89.53% of the company’s stock.
About Trimble
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 route selection and design; 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.