Trimble Inc. (NASDAQ:TRMB) Expected to Announce Quarterly Sales of $923.37 Million

Equities analysts expect that Trimble Inc. (NASDAQ:TRMB – Get Rating) will post $923.37 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Trimble’s earnings, with the lowest sales estimate coming in at $832.47 million and the highest estimate coming in at $943.63 million. Trimble posted sales of $945.20 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Trimble will report full-year sales of $3.86 billion for the current year, with estimates ranging from $3.83 billion to $3.88 billion. For the next year, analysts anticipate that the firm will post sales of $4.14 billion, with estimates ranging from $4.01 billion to $4.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Trimble.

Trimble (NASDAQ:TRMB – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $993.70 million for the quarter, compared to analyst estimates of $967.25 million. Trimble had a net margin of 12.97% and a return on equity of 15.20%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share.

Several brokerages have commented on TRMB. William Blair reaffirmed an “outperform” rating on shares of Trimble in a research report on Thursday, May 5th. JPMorgan Chase & Co. reduced their target price on shares of Trimble from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Monday, March 28th. Morgan Stanley reduced their target price on shares of Trimble from $76.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, January 25th. Piper Sandler lifted their target price on shares of Trimble from $101.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, February 10th. Finally, Robert W. Baird reduced their target price on shares of Trimble from $90.00 to $80.00 in a research note on Friday, May 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $85.00.

In other news, VP Ronald Bisio sold 2,660 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $65.98, for a total value of $175,506.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandra Macquillan sold 10,500 shares of the stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $66.44, for a total transaction of $697,620.00. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP lifted its stake in shares of Trimble by 20.8% in the 1st quarter. First Trust Advisors LP now owns 20,141 shares of the scientific and technical instruments company’s stock worth $814,000 after purchasing an additional 3,465 shares during the period. Morgan Stanley lifted its stake in shares of Trimble by 44.8% in the 2nd quarter. Morgan Stanley now owns 518,549 shares of the scientific and technical instruments company’s stock worth $42,432,000 after purchasing an additional 160,495 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of Trimble by 59.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 34,271 shares of the scientific and technical instruments company’s stock worth $2,818,000 after purchasing an additional 12,775 shares during the period. Barclays PLC lifted its stake in shares of Trimble by 11.8% in the 3rd quarter. Barclays PLC now owns 469,711 shares of the scientific and technical instruments company’s stock worth $38,632,000 after purchasing an additional 49,542 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Trimble by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 22,591 shares of the scientific and technical instruments company’s stock worth $1,858,000 after purchasing an additional 807 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.

Shares of TRMB stock opened at $65.92 on Friday. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 1.99 and a beta of 1.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 1.26. Trimble has a 52 week low of $59.89 and a 52 week high of $96.49. The firm’s 50-day simple moving average is $68.50 and its two-hundred day simple moving average is $75.57.

About Trimble (Get Rating)

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.

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