Trimble (TRMB) Scheduled to Post Quarterly Earnings on Thursday

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Trimble (NASDAQ:TRMB) will issue its quarterly earnings data before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. The business had revenue of $785.50 million during the quarter, compared to analyst estimates of $776.31 million. Trimble had a return on equity of 15.46% and a net margin of 4.93%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ TRMB opened at $35.87 on Tuesday. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 2.21 and a beta of 2.42. Trimble has a fifty-two week low of $32.01 and a fifty-two week high of $45.70. The company has a quick ratio of 1.54, a current ratio of 1.93 and a debt-to-equity ratio of 0.51.

In related news, VP Bryn Fosburgh sold 38,195 shares of Trimble stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $40.21, for a total value of $1,535,820.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Merit E. Janow sold 30,000 shares of Trimble stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $41.48, for a total value of $1,244,400.00. Following the completion of the transaction, the director now owns 60,356 shares of the company’s stock, valued at approximately $2,503,566.88. The disclosure for this sale can be found here. Insiders have sold a total of 110,501 shares of company stock valued at $4,482,076 in the last quarter. Company insiders own 0.36% of the company’s stock.

TRMB has been the subject of a number of recent research reports. BidaskClub upgraded Trimble from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. ValuEngine upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research lowered Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.50.

About Trimble

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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Earnings History for Trimble (NASDAQ:TRMB)

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