$718.44 Million in Sales Expected for Trimble Inc (TRMB) This Quarter

Wall Street brokerages forecast that Trimble Inc (NASDAQ:TRMB) will post $718.44 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Trimble’s earnings, with estimates ranging from $712.26 million to $726.17 million. Trimble reported sales of $613.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17%. The company is expected to issue its next earnings report on Thursday, April 26th.

On average, analysts expect that Trimble will report full-year sales of $718.44 million for the current financial year, with estimates ranging from $2.84 billion to $3.03 billion. For the next year, analysts expect that the firm will report sales of $3.19 billion per share, with estimates ranging from $3.08 billion to $3.28 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Trimble.

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Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, February 8th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $708.40 million for the quarter, compared to the consensus estimate of $674.84 million. Trimble had a return on equity of 13.37% and a net margin of 4.56%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS.

TRMB has been the subject of a number of analyst reports. BidaskClub downgraded Trimble from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th. Zacks Investment Research raised Trimble from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, December 26th. Oppenheimer reaffirmed a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. Finally, TheStreet downgraded Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $42.10.

Trimble stock opened at $34.35 on Friday. Trimble has a twelve month low of $30.45 and a twelve month high of $45.70. The company has a quick ratio of 1.29, a current ratio of 1.63 and a debt-to-equity ratio of 0.33. The company has a market cap of $8,772.84, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.46 and a beta of 2.43.

In other Trimble news, Director Ulf J. Johansson sold 50,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the completion of the transaction, the director now owns 42,670 shares of the company’s stock, valued at $1,624,446.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $39.25, for a total value of $7,850,000.00. The disclosure for this sale can be found here. Insiders have sold 471,946 shares of company stock valued at $18,558,140 in the last three months. 1.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in TRMB. Arrowstreet Capital Limited Partnership increased its position in Trimble by 107.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,973,352 shares of the scientific and technical instruments company’s stock worth $80,197,000 after buying an additional 1,023,051 shares in the last quarter. Global X Management Co. LLC increased its position in Trimble by 127.2% during the fourth quarter. Global X Management Co. LLC now owns 1,693,235 shares of the scientific and technical instruments company’s stock worth $68,813,000 after buying an additional 947,868 shares in the last quarter. KAMES CAPITAL plc increased its position in Trimble by 238.9% during the fourth quarter. KAMES CAPITAL plc now owns 763,144 shares of the scientific and technical instruments company’s stock worth $31,014,000 after buying an additional 537,988 shares in the last quarter. GCA Investment Management LLC purchased a new position in Trimble during the fourth quarter worth $18,778,000. Finally, AXA increased its position in Trimble by 33.1% during the fourth quarter. AXA now owns 1,759,976 shares of the scientific and technical instruments company’s stock worth $71,525,000 after buying an additional 437,434 shares in the last quarter. 89.99% of the stock is owned by institutional investors.

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About Trimble

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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