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.
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)
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