Trimble (NASDAQ:TRMB) Issues Q4 2024 Earnings Guidance

Trimble (NASDAQ:TRMB) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.830-0.910 for the period, compared to the consensus EPS estimate of 0.880. The company issued revenue guidance of $925.0 million-$965.0 million, compared to the consensus revenue estimate of $942.8 million. Trimble also updated its FY 2024 guidance to 2.790-2.870 EPS.

Analyst Ratings Changes

TRMB has been the topic of a number of recent research reports. Piper Sandler boosted their target price on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird boosted their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Price Performance

Shares of TRMB traded up $0.41 on Friday, hitting $72.55. The company’s stock had a trading volume of 462,798 shares, compared to its average volume of 1,344,285. The company has a market capitalization of $17.72 billion, a PE ratio of 11.96, a PEG ratio of 3.23 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 0.88. Trimble has a fifty-two week low of $40.79 and a fifty-two week high of $73.17. The company has a 50 day moving average price of $60.14 and a 200 day moving average price of $57.39.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $870.80 million during the quarter, compared to analysts’ expectations of $862.50 million. Trimble had a net margin of 40.67% and a return on equity of 10.18%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, research analysts anticipate that Trimble will post 2.25 earnings per share for the current fiscal year.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.