Wall Street brokerages predict that Trimble Inc (NASDAQ:TRMB) will report sales of $806.85 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Trimble’s earnings. The highest sales estimate is $819.20 million and the lowest is $787.33 million. Trimble posted sales of $670.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.4%. The business is expected to report its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Trimble will report full year sales of $3.16 billion for the current fiscal year, with estimates ranging from $3.14 billion to $3.18 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.50 billion, with estimates ranging from $3.35 billion to $3.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Trimble.
Trimble (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $785.50 million for the quarter, compared to the consensus estimate of $776.31 million. Trimble had a return on equity of 15.46% and a net margin of 4.93%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.
A number of equities analysts have recently weighed in on TRMB shares. BidaskClub upgraded Trimble from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine downgraded Trimble from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Trimble currently has an average rating of “Hold” and an average target price of $42.00.
Shares of TRMB opened at $38.79 on Friday. The stock has a market capitalization of $10.86 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 2.59 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 debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.93.
In related news, SVP Sachin Sankpal sold 3,151 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $43.02, for a total value of $135,556.02. Following the transaction, the senior vice president now owns 17,997 shares in the company, valued at $774,230.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Bryn Fosburgh sold 38,195 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $40.21, for a total value of $1,535,820.95. The disclosure for this sale can be found here. Insiders sold 111,251 shares of company stock worth $4,504,418 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Trimble by 4.9% in the second quarter. BlackRock Inc. now owns 24,840,805 shares of the scientific and technical instruments company’s stock worth $815,770,000 after buying an additional 1,164,391 shares during the last quarter. FMR LLC boosted its position in Trimble by 28.7% during the second quarter. FMR LLC now owns 8,494,787 shares of the scientific and technical instruments company’s stock worth $278,969,000 after purchasing an additional 1,893,300 shares during the period. Bank of New York Mellon Corp boosted its position in Trimble by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 5,557,677 shares of the scientific and technical instruments company’s stock worth $182,514,000 after purchasing an additional 207,766 shares during the period. King Luther Capital Management Corp boosted its position in Trimble by 8.9% during the second quarter. King Luther Capital Management Corp now owns 4,131,473 shares of the scientific and technical instruments company’s stock worth $135,678,000 after purchasing an additional 339,167 shares during the period. Finally, DF Dent & Co. Inc. boosted its position in Trimble by 23.1% during the second quarter. DF Dent & Co. Inc. now owns 2,685,546 shares of the scientific and technical instruments company’s stock worth $88,193,000 after purchasing an additional 504,553 shares during the period. Hedge funds and other institutional investors own 90.04% of the company’s stock.
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.
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