Trimble (NASDAQ:TRMB) Updates Q4 Earnings Guidance

Trimble (NASDAQ:TRMB) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.83-0.81 for the period, compared to the consensus estimate of $0.88. The company issued revenue guidance of $925-965 million, compared to the consensus revenue estimate of $942.78 million. Trimble also updated its FY 2024 guidance to 2.790-2.870 EPS.

Trimble Trading Up 0.7 %

TRMB stock opened at $72.65 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 3.23 and a beta of 1.49. The business has a fifty day simple moving average of $60.46 and a 200-day simple moving average of $57.49. Trimble has a 52 week low of $40.79 and a 52 week high of $73.17.

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, topping analysts’ consensus estimates of $0.58 by $0.04. Trimble had a return on equity of 10.18% and a net margin of 40.67%. The company had revenue of $870.80 million for the quarter, compared to the consensus estimate of $862.50 million. During the same period last year, the business posted $0.51 EPS. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts expect that Trimble will post 2.25 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on TRMB. Piper Sandler boosted their price objective on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird raised their target price on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $75.40.

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'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.