Trimble (TRMB) Expected to Announce Quarterly Earnings on Wednesday

Trimble (NASDAQ:TRMB) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Trimble to post earnings of $0.88 per share and revenue of $945.36 million for the quarter.

Trimble Stock Down 0.7 %

Shares of NASDAQ TRMB opened at $73.83 on Wednesday. The business has a 50-day moving average of $73.41 and a two-hundred day moving average of $65.28. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. Trimble has a 1 year low of $48.65 and a 1 year high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Insider Activity at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on TRMB. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, December 16th. Sanford C. Bernstein boosted their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Robert W. Baird upped their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $84.86.

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.