Zacks: Brokerages Expect Trimble Inc (TRMB) to Announce $0.46 EPS

Share on StockTwits

Equities research analysts predict that Trimble Inc (NASDAQ:TRMB) will report $0.46 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Trimble’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.43. Trimble posted earnings of $0.39 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The company is expected to announce its next earnings report on Thursday, February 14th.

On average, analysts expect that Trimble will report full-year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.81 to $1.93. For the next financial year, analysts forecast that the company will report earnings of $2.10 per share, with EPS estimates ranging from $2.05 to $2.17. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Trimble.

Trimble (NASDAQ:TRMB) last released its earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.03). Trimble had a net margin of 5.32% and a return on equity of 16.21%. The company had revenue of $804.70 million for the quarter, compared to analyst estimates of $806.12 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The firm’s revenue was up 18.9% on a year-over-year basis.

Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of Trimble from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. ValuEngine upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Robert W. Baird upped their target price on shares of Trimble from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.40.

In related news, Director Merit E. Janow sold 30,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $41.48, for a total transaction of $1,244,400.00. Following the completion of the transaction, the director now owns 60,356 shares in the company, valued at $2,503,566.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert G. Painter sold 750 shares of the stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $38.87, for a total transaction of $29,152.50. Following the transaction, the chief financial officer now owns 10,888 shares of the company’s stock, valued at approximately $423,216.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,306 shares of company stock valued at $2,946,255. 1.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. purchased a new stake in Trimble in the second quarter valued at about $102,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Trimble by 215.3% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,396 shares of the scientific and technical instruments company’s stock valued at $104,000 after purchasing an additional 1,636 shares during the last quarter. Psagot Investment House Ltd. acquired a new stake in shares of Trimble in the 2nd quarter valued at $118,000. Korea Investment CORP acquired a new stake in shares of Trimble in the 2nd quarter valued at $131,000. Finally, Commerce Bank acquired a new stake in shares of Trimble in the 3rd quarter valued at $211,000. Institutional investors own 90.18% of the company’s stock.

Shares of Trimble stock traded down $0.98 during trading on Monday, reaching $36.81. 1,452,678 shares of the company traded hands, compared to its average volume of 1,141,494. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. Trimble has a 1-year low of $32.01 and a 1-year high of $45.70. The company has a market capitalization of $9.46 billion, a PE ratio of 28.76, a PEG ratio of 2.21 and a beta of 2.45.

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.

Further Reading: Google Finance Portfolio Tips and Tricks

Get a free copy of the Zacks research report on Trimble (TRMB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply