Wall Street analysts forecast that Trimble Inc (NASDAQ:TRMB) will report $809.79 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Trimble’s earnings, with the highest sales estimate coming in at $822.16 million and the lowest estimate coming in at $799.89 million. Trimble posted sales of $708.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 14th.
On average, analysts expect that Trimble will report full year sales of $3.14 billion for the current fiscal year, with estimates ranging from $3.13 billion to $3.15 billion. For the next financial year, analysts expect that the business will post sales of $3.48 billion, with estimates ranging from $3.43 billion to $3.52 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Trimble.
Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.43 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 firm had revenue of $804.70 million for the quarter, compared to analyst estimates of $806.12 million. During the same period in the previous year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year.
A number of research firms recently commented on TRMB. Zacks Investment Research lowered Trimble from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised Trimble from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Robert W. Baird lifted their price objective on Trimble from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. Finally, ValuEngine lowered Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $43.80.
Trimble stock opened at $37.40 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $9.27 billion, a P/E ratio of 29.22, a P/E/G ratio of 2.12 and a beta of 2.45. Trimble has a one year low of $32.01 and a one year high of $45.70.
In other Trimble news, SVP Sachin Sankpal sold 3,151 shares of the business’s 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 directly owns 17,997 shares of the company’s stock, valued at $774,230.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Darryl R. Matthews sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $37.21, for a total value of $89,304.00. Following the completion of the transaction, the senior vice president now directly owns 13,841 shares in the company, valued at $515,023.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,934 shares of company stock worth $395,671. 1.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. State Treasurer State of Michigan lifted its stake in Trimble by 1.4% in the second quarter. State Treasurer State of Michigan now owns 91,800 shares of the scientific and technical instruments company’s stock valued at $3,015,000 after buying an additional 1,300 shares during the period. Stanley Laman Group Ltd. increased its holdings in shares of Trimble by 0.9% during the second quarter. Stanley Laman Group Ltd. now owns 151,716 shares of the scientific and technical instruments company’s stock valued at $4,982,000 after acquiring an additional 1,332 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Trimble by 11.9% during the third quarter. IFM Investors Pty Ltd now owns 14,130 shares of the scientific and technical instruments company’s stock valued at $614,000 after acquiring an additional 1,498 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Trimble by 215.3% during the third 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 acquiring an additional 1,636 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its holdings in shares of Trimble by 1.1% during the second quarter. MetLife Investment Advisors LLC now owns 156,634 shares of the scientific and technical instruments company’s stock valued at $5,144,000 after acquiring an additional 1,702 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Article: Can individual investors take part in an IPO?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.