Trimble (TRMB) Set to Announce Earnings on Wednesday

Trimble (NASDAQ:TRMB) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Trimble to post earnings of $0.40 per share for the quarter. Trimble has set its Q1 2019 guidance at $0.44-0.48 EPS and its Q1 guidance at $0.44-0.48 EPS.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Trimble had a return on equity of 16.48% and a net margin of 9.10%. The company had revenue of $792.90 million for the quarter, compared to analyst estimates of $809.82 million. During the same period in the prior year, the company posted $0.39 EPS. Trimble’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of TRMB opened at $40.63 on Monday. Trimble has a 52-week low of $29.75 and a 52-week high of $44.55. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.10 and a beta of 2.18. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64.

In related news, Director Ulf J. Johansson sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $38.05, for a total transaction of $3,234,250.00. Following the sale, the director now directly owns 60,356 shares of the company’s stock, valued at approximately $2,296,545.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Bryn Fosburgh sold 13,573 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $38.82, for a total value of $526,903.86. Following the sale, the vice president now directly owns 9,562 shares in the company, valued at $371,196.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 628,770 shares of company stock worth $24,117,882. Corporate insiders own 0.39% of the company’s stock.

A number of brokerages have issued reports on TRMB. Zacks Investment Research raised Trimble from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Thursday, April 11th. BidaskClub raised Trimble from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Finally, JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and cut their target price for the company from $41.00 to $40.00 in a research report on Thursday, January 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $42.75.

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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; and integrated workplace management services software.

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Earnings History for Trimble (NASDAQ:TRMB)

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