Brokerages forecast that Trimble Inc (NASDAQ:TRMB) will report earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Trimble’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.53. Trimble posted earnings per share of $0.50 in the same quarter last year, which suggests a positive year over year growth rate of 8%. The business is expected to announce its next earnings results after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that Trimble will report full year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.12. For the next year, analysts anticipate that the firm will post earnings of $2.33 per share, with EPS estimates ranging from $2.21 to $2.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Trimble.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, May 1st. The scientific and technical instruments company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. Trimble had a net margin of 9.05% and a return on equity of 16.15%. The business had revenue of $804.50 million for the quarter, compared to analyst estimates of $808.58 million. During the same period last year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis.
A number of equities research analysts recently commented on TRMB shares. Zacks Investment Research lowered shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. BidaskClub downgraded shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine raised shares of China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $46.33.
In related news, VP Ronald Bisio sold 6,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $42.41, for a total value of $254,460.00. Following the completion of the transaction, the vice president now owns 9,938 shares of the company’s stock, valued at $421,470.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert G. Painter sold 5,300 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $44.00, for a total transaction of $233,200.00. Following the completion of the transaction, the chief financial officer now directly owns 60,697 shares of the company’s stock, valued at approximately $2,670,668. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,750 shares of company stock valued at $6,637,192. 0.39% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in TRMB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Trimble by 0.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,310 shares of the scientific and technical instruments company’s stock valued at $1,790,000 after acquiring an additional 240 shares during the period. Cornerstone Advisors Inc. grew its position in shares of Trimble by 34.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 997 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 258 shares during the period. Conestoga Capital Advisors LLC grew its position in shares of Trimble by 3.2% in the 1st quarter. Conestoga Capital Advisors LLC now owns 12,844 shares of the scientific and technical instruments company’s stock valued at $519,000 after acquiring an additional 400 shares during the period. Simmons Bank grew its position in shares of Trimble by 2.4% in the 1st quarter. Simmons Bank now owns 19,040 shares of the scientific and technical instruments company’s stock valued at $769,000 after acquiring an additional 450 shares during the period. Finally, DAVENPORT & Co LLC grew its position in shares of Trimble by 3.7% in the 1st quarter. DAVENPORT & Co LLC now owns 12,665 shares of the scientific and technical instruments company’s stock valued at $512,000 after acquiring an additional 454 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:TRMB traded down $0.14 during midday trading on Monday, reaching $43.98. 740,564 shares of the company were exchanged, compared to its average volume of 951,927. Trimble has a fifty-two week low of $29.75 and a fifty-two week high of $46.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. The stock’s fifty day moving average price is $43.56. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.30 and a beta of 2.03.
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; and integrated workplace management services software.
Featured Article: Special Dividends
Get a free copy of the Zacks research report on Trimble (TRMB)
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.