Zacks: Brokerages Anticipate Trimble Inc (TRMB) Will Post Earnings of $0.45 Per Share
Wall Street brokerages expect that Trimble Inc (NASDAQ:TRMB) will post earnings of $0.45 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Trimble’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.47. Trimble posted earnings of $0.39 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The business is expected to announce its next quarterly earnings results on Thursday, October 25th.
On average, analysts expect that Trimble will report full year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.88. For the next year, analysts anticipate that the firm will post earnings of $2.07 per share, with EPS estimates ranging from $1.95 to $2.17. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Trimble.
Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The business had revenue of $785.50 million for the quarter, compared to analysts’ expectations of $776.31 million. During the same period in the previous year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year.
NASDAQ TRMB opened at $42.79 on Monday. Trimble has a 52 week low of $32.01 and a 52 week high of $45.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.93. The firm has a market cap of $10.66 billion, a PE ratio of 28.25, a PEG ratio of 2.54 and a beta of 2.47.
In related news, SVP Sachin Sankpal sold 3,151 shares of Trimble stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.02, for a total value of $135,556.02. Following the completion of the sale, the senior vice president now owns 17,997 shares in the company, valued at $774,230.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bryn Fosburgh sold 38,195 shares of Trimble stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $40.21, for a total transaction of $1,535,820.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,251 shares of company stock valued at $4,504,418. Insiders own 1.40% of the company’s stock.
Several large investors have recently modified their holdings of TRMB. Whittier Trust Co. bought a new stake in shares of Trimble in the second quarter worth $102,000. Psagot Investment House Ltd. bought a new stake in shares of Trimble in the second quarter worth $118,000. Korea Investment CORP bought a new stake in shares of Trimble in the second quarter worth $131,000. Summit Trail Advisors LLC increased its stake in shares of Trimble by 2,852.1% in the first quarter. Summit Trail Advisors LLC now owns 152,387 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 147,225 shares during the last quarter. Finally, TLP Group LLC increased its stake in shares of Trimble by 22,096.2% in the first quarter. TLP Group LLC now owns 5,771 shares of the scientific and technical instruments company’s stock worth $207,000 after buying an additional 5,745 shares during the last quarter. Institutional investors and hedge funds own 90.00% 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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