Trimble (NASDAQ:TRMB) posted its quarterly earnings results on Thursday. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02, Bloomberg Earnings reports. Trimble had a net margin of 7.66% and a return on equity of 12.97%. The firm had revenue of $708.40 million for the quarter, compared to analyst estimates of $674.84 million. During the same quarter last year, the firm posted $0.31 earnings per share. Trimble’s revenue for the quarter was up 21.0% compared to the same quarter last year. Trimble updated its Q1 guidance to $0.36-0.40 EPS.
Shares of Trimble (NASDAQ TRMB) opened at $39.34 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 1.12. Trimble has a 1 year low of $29.71 and a 1 year high of $45.70. The stock has a market cap of $9,790.00, a P/E ratio of 51.76, a price-to-earnings-growth ratio of 2.46 and a beta of 2.38.
In other Trimble news, VP Jurgen Kliem sold 995 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $42.50, for a total value of $42,287.50. Following the completion of the sale, the vice president now owns 18,175 shares of the company’s stock, valued at $772,437.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Darryl R. Matthews sold 1,605 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $39.95, for a total transaction of $64,119.75. Following the completion of the sale, the senior vice president now directly owns 6,219 shares of the company’s stock, valued at approximately $248,449.05. The disclosure for this sale can be found here. Insiders sold 48,184 shares of company stock valued at $1,987,455 in the last ninety days. 1.40% of the stock is owned by corporate insiders.
Trimble announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 15th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
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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