Trimble (TRMB) to Release Quarterly Earnings on Friday

Trimble (NASDAQ:TRMB) will be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Trimble to post 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Trimble (NASDAQ:TRMB) last issued its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $932.40 million during the quarter, compared to analysts’ expectations of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. 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 stock opened at $58.59 on Thursday. The company has a 50 day simple moving average of $61.72 and a 200 day simple moving average of $53.66. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 47.20, a P/E/G ratio of 2.72 and a beta of 1.50. Trimble has a 1 year low of $39.57 and a 1 year high of $65.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87.

Insider Activity

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction of $136,875.00. Following the completion of the transaction, the chief executive officer now owns 239,901 shares in the company, valued at $13,134,579.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert G. Painter sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 239,901 shares in the company, valued at $13,134,579.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer Allison sold 5,000 shares of Trimble stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the sale, the vice president now owns 2,315 shares of the company’s stock, valued at $137,927.70. The disclosure for this sale can be found here. Insiders sold a total of 16,828 shares of company stock worth $1,013,519 over the last quarter. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TRMB shares. Oppenheimer upped their price target on shares of Trimble from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Robert W. Baird increased their target price on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Piper Sandler reissued an “overweight” rating and set a $73.00 target price on shares of Trimble in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

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.