Trimble (TRMB) Set to Announce Earnings on Friday

Trimble (NASDAQ:TRMB) is scheduled to be announcing its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Trimble has set its Q1 guidance at $0.57-0.62 EPS and its FY24 guidance at $2.60-2.80 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company had revenue of $932.40 million during the quarter, compared to the consensus estimate of $908.43 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Trimble’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trimble Price Performance

TRMB opened at $59.21 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.00 and a debt-to-equity ratio of 0.56. Trimble has a 52-week low of $39.57 and a 52-week high of $65.55. The company has a 50 day moving average of $61.74 and a two-hundred day moving average of $53.40. The company has a market cap of $14.46 billion, a P/E ratio of 47.37, a P/E/G ratio of 2.67 and a beta of 1.50.

Wall Street Analyst Weigh In

TRMB has been the subject of several research reports. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Oppenheimer boosted their price objective on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. upped their target price on shares of Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Robert W. Baird upped their target price on shares of Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $73.00 target price on shares of Trimble in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.83.

Insider Activity at Trimble

In related news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total value of $136,875.00. Following the sale, the chief executive officer now directly owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jennifer Allison sold 5,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $59.58, for a total transaction of $297,900.00. Following the sale, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The disclosure for this sale can be found here. Insiders have sold 16,828 shares of company stock valued at $1,013,519 over the last ninety days. Corporate insiders own 0.47% 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 project design and visualization; 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.