Trimble (NASDAQ:TRMB) Issues Q1 Earnings Guidance

Trimble (NASDAQ:TRMB) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.55 to $0.61 for the period, compared to the consensus EPS estimate of $0.60. Trimble also updated its FY 2025 guidance to 2.760-2.980 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TRMB shares. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Thursday. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Finally, Robert W. Baird lifted their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Trimble has an average rating of “Buy” and an average price target of $85.75.

Trimble Price Performance

TRMB traded down $1.37 during midday trading on Thursday, hitting $74.20. 331,436 shares of the company traded hands, compared to its average volume of 1,275,895. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $18.24 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 3.15 and a beta of 1.53. Trimble has a 52-week low of $48.65 and a 52-week high of $77.78. The business has a 50 day simple moving average of $73.37 and a two-hundred day simple moving average of $66.08.

Insider Transactions at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Trimble Company Profile

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.