Trimble Inc (NASDAQ:TRMB) – Stock analysts at William Blair lowered their Q1 2018 EPS estimates for shares of Trimble in a report issued on Monday, according to Zacks Investment Research. William Blair analyst J. Ho now expects that the scientific and technical instruments company will post earnings of $0.31 per share for the quarter, down from their prior estimate of $0.32. William Blair also issued estimates for Trimble’s Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.38 EPS.
A number of other research firms have also commented on TRMB. BidaskClub raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Oppenheimer reaffirmed a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Trimble in a report on Wednesday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price (up previously from $42.00) on shares of Trimble in a report on Sunday, October 29th. Wells Fargo & Co lifted their target price on shares of Trimble from $34.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.10.
Shares of Trimble (NASDAQ:TRMB) opened at $40.00 on Tuesday. 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 has a fifty-two week low of $30.45 and a fifty-two week high of $45.70. The company has a market cap of $9,475.49, a price-to-earnings ratio of 85.11, a price-to-earnings-growth ratio of 2.33 and a beta of 2.38.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Trimble had a net margin of 4.56% and a return on equity of 13.37%. The business had revenue of $708.40 million during the quarter, compared to analyst estimates of $674.84 million. During the same quarter last year, the business posted $0.31 earnings per share. Trimble’s revenue for the quarter was up 21.0% compared to the same quarter last year.
Trimble announced that its board has approved a stock repurchase plan 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 purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
In other news, VP James Veneziano sold 13,502 shares of Trimble stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $41.40, for a total transaction of $558,982.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sachin Sankpal sold 6,512 shares of Trimble stock in a transaction on Friday, November 24th. The stock was sold at an average price of $41.99, for a total transaction of $273,438.88. Following 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 three months, insiders have sold 21,009 shares of company stock worth $874,709. Insiders own 1.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TRMB. Toronto Dominion Bank lifted its position 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 valued at $111,000 after acquiring an additional 357 shares in the last quarter. Cerebellum GP LLC bought a new stake in Trimble in the 4th quarter valued at $125,000. Advisory Services Network LLC lifted its position in Trimble by 3,428.1% in the 4th quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock valued at $128,000 after acquiring an additional 3,051 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in Trimble in the 3rd quarter valued at $137,000. Finally, Howe & Rusling Inc. bought a new stake in Trimble in the 3rd quarter valued at $139,000. 90.41% of the stock is currently owned by institutional investors.
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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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