Trimble (TRMB) Releases Q4 Earnings Guidance

Trimble (NASDAQ:TRMB) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.44-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.46. The company issued revenue guidance of $791-821 million, compared to the consensus revenue estimate of $826.47 million.Trimble also updated its Q4 2018 guidance to $0.44-0.48 EPS.

Shares of NASDAQ:TRMB traded up $0.67 during trading on Thursday, reaching $38.05. The company had a trading volume of 1,422,735 shares, compared to its average volume of 1,259,055. The firm has a market cap of $9.19 billion, a P/E ratio of 29.73, a P/E/G ratio of 2.19 and a beta of 2.42. Trimble has a twelve month low of $32.01 and a twelve month high of $45.70. The company has a current ratio of 1.93, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $785.50 million during the quarter, compared to analyst estimates of $776.31 million. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Equities research analysts forecast that Trimble will post 1.62 EPS for the current year.

TRMB has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Trimble from a hold rating to a buy rating and set a $38.00 price target for the company in a research note on Thursday, July 12th. ValuEngine raised shares of Trimble from a hold rating to a buy rating in a research note on Wednesday, September 12th. Finally, BidaskClub raised shares of Trimble from a sell rating to a hold rating in a research note on Friday, September 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $42.50.

In other news, CFO Robert G. Painter sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $38.87, for a total transaction of $29,152.50. Following the sale, the chief financial officer now owns 10,888 shares in the company, valued at $423,216.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James A. Kirkland sold 27,292 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $39.72, for a total transaction of $1,084,038.24. Following the sale, the senior vice president now owns 66,856 shares in the company, valued at approximately $2,655,520.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,501 shares of company stock valued at $4,482,076. Company insiders own 1.40% of the company’s stock.

About Trimble

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Earnings History and Estimates for Trimble (NASDAQ:TRMB)

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