Analysts Anticipate Trimble Inc (TRMB) Will Post Earnings of $0.39 Per Share

Wall Street brokerages expect Trimble Inc (NASDAQ:TRMB) to post earnings of $0.39 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Trimble’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.36. Trimble reported earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The firm is scheduled to report its next earnings report on Thursday, April 26th.

On average, analysts expect that Trimble will report full-year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.76. For the next financial year, analysts forecast that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.79 to $2.06. Zacks’ EPS calculations are an average based on a survey of analysts that cover Trimble.

Trimble (NASDAQ:TRMB) last issued its earnings results 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. The company had revenue of $708.40 million during the quarter, compared to analysts’ expectations of $674.84 million. Trimble had a return on equity of 13.37% and a net margin of 4.56%. Trimble’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS.

TRMB has been the subject of several analyst reports. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Trimble in a research report on Sunday, October 29th. Oppenheimer reaffirmed a “buy” rating on shares of Trimble in a research report on Thursday, October 19th. BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Finally, TheStreet lowered Trimble from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $42.10.

In other news, SVP Sachin Sankpal sold 6,512 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $41.99, for a total value of $273,438.88. Following the completion of the transaction, the senior vice president now owns 17,997 shares of the company’s stock, valued at approximately $755,694.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jurgen Kliem sold 995 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $42.50, for a total value of $42,287.50. Following the completion of the transaction, the vice president now directly owns 18,175 shares of the company’s stock, valued at approximately $772,437.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,009 shares of company stock valued at $874,709 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. King Luther Capital Management Corp raised its position in shares of Trimble by 2.1% in the 4th quarter. King Luther Capital Management Corp now owns 3,628,431 shares of the scientific and technical instruments company’s stock worth $147,459,000 after acquiring an additional 73,934 shares in the last quarter. ARK Investment Management LLC raised its position in shares of Trimble by 58.8% in the 4th quarter. ARK Investment Management LLC now owns 84,044 shares of the scientific and technical instruments company’s stock worth $3,416,000 after acquiring an additional 31,116 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Trimble by 2.7% in the 4th quarter. OppenheimerFunds Inc. now owns 511,042 shares of the scientific and technical instruments company’s stock worth $20,769,000 after acquiring an additional 13,554 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Trimble by 17.7% in the 4th quarter. Baird Financial Group Inc. now owns 1,204,809 shares of the scientific and technical instruments company’s stock worth $48,963,000 after acquiring an additional 181,583 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its position in shares of Trimble by 1.2% in the 4th quarter. Stanley Laman Group Ltd. now owns 161,149 shares of the scientific and technical instruments company’s stock worth $6,549,000 after acquiring an additional 1,833 shares in the last quarter. 90.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Trimble (NASDAQ TRMB) opened at $40.00 on Tuesday. The firm has a market capitalization of $9,475.49, a PE ratio of 85.11, a P/E/G ratio of 2.33 and a beta of 2.38. Trimble has a fifty-two week low of $30.45 and a fifty-two week high of $45.70. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.

Trimble declared that its board has approved a share repurchase plan on Wednesday, November 15th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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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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