Trimble (NASDAQ:TRMB) Releases FY 2022 Earnings Guidance

Trimble (NASDAQ:TRMBGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.71-$2.86 for the period, compared to the consensus earnings per share estimate of $2.89. The company issued revenue guidance of $3.80 billion-$3.88 billion, compared to the consensus revenue estimate of $4.02 billion.

A number of brokerages have recently commented on TRMB. Raymond James lowered their price objective on Trimble from $95.00 to $90.00 and set an outperform rating for the company in a research report on Thursday, February 10th. William Blair reissued an outperform rating on shares of Trimble in a research report on Thursday, May 5th. StockNews.com began coverage on Trimble in a research report on Thursday, March 31st. They set a buy rating for the company. Robert W. Baird lowered their price objective on Trimble from $90.00 to $80.00 in a research report on Friday, May 6th. Finally, Morgan Stanley lowered their price objective on Trimble from $76.00 to $70.00 and set an underweight rating for the company in a research report on Tuesday, January 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $85.00.

TRMB traded down $0.56 on Monday, reaching $65.36. The company’s stock had a trading volume of 14,669 shares, compared to its average volume of 1,415,437. The stock has a 50 day moving average of $68.50 and a two-hundred day moving average of $75.48. The company has a quick ratio of 0.93, a current ratio of 1.26 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 2.16 and a beta of 1.53. Trimble has a fifty-two week low of $59.89 and a fifty-two week high of $96.49.

Trimble (NASDAQ:TRMBGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Trimble had a return on equity of 15.20% and a net margin of 12.97%. The firm had revenue of $993.70 million during the quarter, compared to the consensus estimate of $967.25 million. During the same period in the prior year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Trimble will post 2.41 earnings per share for the current fiscal year.

In other Trimble news, VP Ronald Bisio sold 2,660 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $65.98, for a total value of $175,506.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. United Capital Financial Advisers LLC raised its stake in shares of Trimble by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 69,939 shares of the scientific and technical instruments company’s stock worth $5,045,000 after purchasing an additional 186 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Trimble by 1.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 10,948 shares of the scientific and technical instruments company’s stock worth $955,000 after purchasing an additional 202 shares during the last quarter. Allstate Corp raised its stake in shares of Trimble by 1.6% during the fourth quarter. Allstate Corp now owns 14,365 shares of the scientific and technical instruments company’s stock worth $1,252,000 after purchasing an additional 227 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Trimble during the fourth quarter worth approximately $55,000. Finally, American Century Companies Inc. raised its stake in shares of Trimble by 12.9% during the first quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock worth $481,000 after purchasing an additional 760 shares during the last quarter. Institutional investors own 91.47% of the company’s stock.

Trimble Company Profile (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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Earnings History and Estimates for Trimble (NASDAQ:TRMB)

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