Analysts Offer Predictions for Trimble Inc’s Q1 2018 Earnings (TRMB)

Trimble Inc (NASDAQ:TRMB) – Investment analysts at Dougherty & Co issued their Q1 2018 earnings per share estimates for Trimble in a research report issued to clients and investors on Saturday. Dougherty & Co analyst J. Fisher forecasts that the scientific and technical instruments company will post earnings of $0.35 per share for the quarter.

Several other brokerages also recently commented on TRMB. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Oppenheimer restated a “buy” rating and issued a $50.00 price target (up from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Trimble in a research note on Sunday, October 29th. Wells Fargo & Co raised their price target on Trimble from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $42.10.

Shares of Trimble (NASDAQ TRMB) opened at $40.00 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 1.63. Trimble has a 52 week low of $30.45 and a 52 week high of $45.70. The company has a market capitalization of $9,475.49, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 2.33 and a beta of 2.38.

Trimble (NASDAQ:TRMB) last issued its earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The business had revenue of $708.40 million for the quarter, compared to the consensus estimate of $674.84 million. During the same period last year, the business posted $0.31 EPS. The company’s revenue was up 21.0% compared to the same quarter last year.

Trimble declared that its Board of Directors has approved a share buyback program on Wednesday, November 15th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

In related news, VP Jurgen Kliem sold 995 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 18,175 shares of the company’s stock, valued at approximately $772,437.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Sachin Sankpal sold 6,512 shares of the firm’s stock in a transaction 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 directly owns 17,997 shares in the company, valued at $755,694.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,009 shares of company stock worth $874,709. Company insiders own 1.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its holdings in Trimble by 3.7% in the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 144 shares during the period. Toronto Dominion Bank raised its holdings in Trimble by 13.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 357 shares during the period. HighTower Advisors LLC raised its holdings in Trimble by 2.1% in the 2nd quarter. HighTower Advisors LLC now owns 19,071 shares of the scientific and technical instruments company’s stock worth $682,000 after purchasing an additional 397 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Trimble by 5.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,052 shares of the scientific and technical instruments company’s stock worth $359,000 after purchasing an additional 521 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Trimble by 1.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 93,232 shares of the scientific and technical instruments company’s stock worth $3,659,000 after purchasing an additional 1,283 shares during the period. 90.41% of the stock is currently owned by institutional investors.

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About Trimble

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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