Analysts Expect Trimble Inc (TRMB) to Announce $0.26 EPS
Wall Street brokerages forecast that Trimble Inc (NASDAQ:TRMB) will report $0.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Trimble’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.27. Trimble reported earnings per share of $0.21 in the same quarter last year, which suggests a positive year over year growth rate of 23.8%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, April 27th.
According to Zacks, analysts expect that Trimble will report full-year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.24. For the next financial year, analysts expect that the firm will report earnings of $1.32 per share, with EPS estimates ranging from $1.21 to $1.39. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Trimble.
Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, February 8th. The scientific and technical instruments company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $585.60 million for the quarter, compared to the consensus estimate of $579.04 million. Trimble had a return on equity of 11.55% and a net margin of 5.60%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share.
TRMB has been the subject of several analyst reports. Needham & Company LLC boosted their price objective on Trimble from $27.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Craig Hallum boosted their price objective on Trimble from $22.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, February 9th. Dougherty & Co cut Trimble from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Monday, January 30th. Northcoast Research initiated coverage on Trimble in a report on Friday, January 13th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research cut Trimble from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Trimble has an average rating of “Hold” and a consensus target price of $29.50.
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Shares of Trimble (NASDAQ:TRMB) traded down 0.48% on Friday, hitting $30.95. The stock had a trading volume of 1,270,032 shares. The company has a market cap of $7.81 billion, a P/E ratio of 59.52 and a beta of 2.23. Trimble has a 12 month low of $22.68 and a 12 month high of $32.34. The company’s 50 day moving average price is $31.41 and its 200-day moving average price is $29.90.
In related news, VP Jurgen Kliem sold 147,671 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $31.45, for a total value of $4,644,252.95. Following the completion of the transaction, the vice president now owns 72,089 shares of the company’s stock, valued at approximately $2,267,199.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James A. Kirkland sold 15,000 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $31.71, for a total value of $475,650.00. Following the completion of the transaction, the vice president now directly owns 36,060 shares of the company’s stock, valued at approximately $1,143,462.60. The disclosure for this sale can be found here. Insiders sold a total of 681,881 shares of company stock valued at $21,364,043 in the last ninety days. 1.90% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its position in Trimble by 0.4% in the first quarter. Retirement Systems of Alabama now owns 485,700 shares of the scientific and technical instruments company’s stock worth $15,547,000 after buying an additional 2,110 shares during the last quarter. Huntington National Bank boosted its position in Trimble by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares during the last quarter. Oakbrook Investments LLC boosted its position in Trimble by 4.5% in the first quarter. Oakbrook Investments LLC now owns 22,150 shares of the scientific and technical instruments company’s stock worth $709,000 after buying an additional 950 shares during the last quarter. Wendell David Associates Inc. boosted its position in Trimble by 7.4% in the first quarter. Wendell David Associates Inc. now owns 14,560 shares of the scientific and technical instruments company’s stock worth $466,000 after buying an additional 1,000 shares during the last quarter. Finally, Johanson Financial Advisors Inc. acquired a new position in Trimble during the first quarter worth $4,948,000. 91.35% of the stock is owned by institutional investors.
Trimble Company Profile
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
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