Equities research analysts forecast that Trimble Inc (NASDAQ:TRMB) will report $771.84 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Trimble’s earnings, with the lowest sales estimate coming in at $766.67 million and the highest estimate coming in at $777.80 million. Trimble reported sales of $661.90 million in the same quarter last year, which would suggest a positive year over year growth rate of 16.6%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Trimble will report full year sales of $3.07 billion for the current financial year, with estimates ranging from $2.96 billion to $3.15 billion. For the next year, analysts forecast that the company will post sales of $3.32 billion per share, with estimates ranging from $3.12 billion to $3.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Trimble.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Monday, May 7th. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Trimble had a return on equity of 14.28% and a net margin of 4.64%. The firm had revenue of $742.20 million during the quarter, compared to analyst estimates of $730.66 million. During the same quarter last year, the firm earned $0.33 EPS. Trimble’s quarterly revenue was up 21.6% on a year-over-year basis.
Trimble traded up $1.08, reaching $34.64, during mid-day trading on Friday, according to Marketbeat.com. 2,173,600 shares of the company’s stock traded hands, compared to its average volume of 1,209,926. The firm has a market cap of $8.55 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 2.34 and a beta of 2.44. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.28. Trimble has a 1-year low of $32.01 and a 1-year high of $45.70.
In related news, insider James A. Kirkland sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $34.96, for a total value of $251,712.00. Following the sale, the insider now owns 39,564 shares of the company’s stock, valued at approximately $1,383,157.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Darryl R. Matthews sold 5,683 shares of the firm’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $34.75, for a total value of $197,484.25. Following the completion of the sale, the senior vice president now directly owns 18,453 shares in the company, valued at approximately $641,241.75. The disclosure for this sale can be found here. In the last three months, insiders sold 477,644 shares of company stock worth $16,611,447. Company insiders own 0.36% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its holdings in shares of Trimble by 3,428.1% in the 4th quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 3,051 shares during the last quarter. Delpha Capital Management LLC bought a new stake in shares of Trimble in the 4th quarter worth approximately $134,000. Summit Trail Advisors LLC lifted its holdings in shares of Trimble by 2,852.1% in the 1st quarter. Summit Trail Advisors LLC now owns 152,387 shares of the scientific and technical instruments company’s stock worth $152,000 after purchasing an additional 147,225 shares during the last quarter. TLP Group LLC lifted its holdings in shares of Trimble by 22,096.2% in the 1st quarter. TLP Group LLC now owns 5,771 shares of the scientific and technical instruments company’s stock worth $207,000 after purchasing an additional 5,745 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Trimble in the 4th quarter worth approximately $219,000. 88.80% of the stock is currently owned by institutional investors and hedge funds.
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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
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