Trimble Inc (TRMB) Expected to Announce Earnings of $0.40 Per Share

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Analysts expect Trimble Inc (NASDAQ:TRMB) to announce earnings of $0.40 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Trimble’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.41. Trimble posted earnings of $0.39 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The business is scheduled to report its next earnings results on Monday, May 6th.

According to Zacks, analysts expect that Trimble will report full year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.90. For the next financial year, analysts forecast that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.91 to $2.12. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Trimble.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $792.90 million for the quarter, compared to analysts’ expectations of $809.82 million. Trimble had a net margin of 9.10% and a return on equity of 16.48%. Trimble’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share.

A number of brokerages have weighed in on TRMB. Zacks Investment Research raised shares of Trimble from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. BidaskClub raised shares of Trimble from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.00.

TRMB stock traded down $1.02 during midday trading on Thursday, reaching $38.37. 1,070,939 shares of the company’s stock traded hands, compared to its average volume of 1,052,496. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.07 and a beta of 2.23. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. Trimble has a fifty-two week low of $29.75 and a fifty-two week high of $44.55.

In other news, CEO Steven W. Berglund sold 381,675 shares of Trimble stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $37.73, for a total transaction of $14,400,597.75. Following the sale, the chief executive officer now owns 574,467 shares in the company, valued at $21,674,639.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ulf J. Johansson sold 85,000 shares of Trimble stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $38.05, for a total transaction of $3,234,250.00. Following the sale, the director now owns 60,356 shares in the company, valued at approximately $2,296,545.80. The disclosure for this sale can be found here. Insiders have sold 625,336 shares of company stock worth $23,979,921 in the last quarter. Insiders own 0.36% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TRMB. FMR LLC raised its stake in shares of Trimble by 28.7% during the second quarter. FMR LLC now owns 8,494,787 shares of the scientific and technical instruments company’s stock valued at $278,969,000 after purchasing an additional 1,893,300 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Trimble by 7.1% during the second quarter. Advisors Asset Management Inc. now owns 26,125 shares of the scientific and technical instruments company’s stock valued at $858,000 after purchasing an additional 1,741 shares during the period. Bank of Montreal Can raised its stake in shares of Trimble by 18.0% during the third quarter. Bank of Montreal Can now owns 19,782 shares of the scientific and technical instruments company’s stock valued at $860,000 after purchasing an additional 3,020 shares during the period. Aperio Group LLC raised its stake in shares of Trimble by 15.2% during the third quarter. Aperio Group LLC now owns 78,958 shares of the scientific and technical instruments company’s stock valued at $3,432,000 after purchasing an additional 10,411 shares during the period. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Trimble by 36.2% during the third quarter. Cornerstone Wealth Management LLC now owns 12,177 shares of the scientific and technical instruments company’s stock valued at $300,000 after purchasing an additional 3,239 shares during the period. Institutional investors own 90.64% of the company’s stock.

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; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

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