Analysts Expect Trimble Inc (TRMB) Will Announce Earnings of $0.39 Per Share

Equities analysts expect Trimble Inc (NASDAQ:TRMB) to announce earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Trimble’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. Trimble reported earnings of $0.33 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The firm is scheduled to issue its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Trimble will report full-year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.67 to $1.82. For the next year, analysts expect that the business will post earnings of $1.98 per share, with EPS estimates ranging from $1.79 to $2.09. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Trimble.

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Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Trimble had a net margin of 4.56% and a return on equity of 13.37%. The firm had revenue of $708.40 million for the quarter, compared to analyst estimates of $674.84 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year.

Several equities analysts have recently weighed in on TRMB shares. BidaskClub lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Trimble from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet cut shares of Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Oppenheimer set a $50.00 target price on shares of Trimble and gave the stock a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.10.

Shares of NASDAQ TRMB traded up $0.86 during trading on Thursday, hitting $35.19. 451,104 shares of the company traded hands, compared to its average volume of 1,114,055. Trimble has a fifty-two week low of $30.45 and a fifty-two week high of $45.70. The firm has a market capitalization of $8,539.16, a P/E ratio of 27.48, a P/E/G ratio of 2.39 and a beta of 2.42. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.

In other news, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $39.25, for a total transaction of $7,850,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark S. Peek sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $39.36, for a total transaction of $196,800.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,377,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 471,946 shares of company stock worth $18,558,140. Corporate insiders own 0.36% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Trimble by 46.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,798 shares of the scientific and technical instruments company’s stock valued at $5,763,000 after purchasing an additional 44,922 shares in the last quarter. Vident Investment Advisory LLC raised its stake in Trimble by 60.3% during the 3rd quarter. Vident Investment Advisory LLC now owns 337,784 shares of the scientific and technical instruments company’s stock valued at $13,258,000 after acquiring an additional 127,066 shares in the last quarter. BlackRock Inc. raised its stake in Trimble by 1.2% during the 4th quarter. BlackRock Inc. now owns 23,195,889 shares of the scientific and technical instruments company’s stock valued at $942,682,000 after acquiring an additional 277,736 shares in the last quarter. Armor Investment Advisors LLC bought a new stake in Trimble during the 4th quarter valued at $203,000. Finally, JPMorgan Chase & Co. raised its stake in Trimble by 22.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 370,304 shares of the scientific and technical instruments company’s stock valued at $14,598,000 after acquiring an additional 68,984 shares in the last quarter. 89.86% of the stock is currently owned by institutional investors.

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Trimble Company Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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