Trimble (NASDAQ:TRMB – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.790-2.870 for the period, compared to the consensus earnings per share estimate of 2.750. The company issued revenue guidance of $3.6 billion-$3.7 billion, compared to the consensus revenue estimate of $3.6 billion. Trimble also updated its Q4 guidance to $0.83-0.81 EPS.
Trimble Stock Up 0.6 %
NASDAQ TRMB traded up $0.41 during trading on Friday, reaching $72.55. 462,798 shares of the company’s stock were exchanged, compared to its average volume of 1,344,285. The stock has a market cap of $17.72 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 3.23 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 1.16. The company has a 50 day moving average price of $60.14 and a two-hundred day moving average price of $57.39. Trimble has a 1 year low of $40.79 and a 1 year high of $73.17.
Trimble (NASDAQ:TRMB – Get Free Report) last issued its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $870.80 million during the quarter, compared to the consensus estimate of $862.50 million. Trimble had a return on equity of 10.18% and a net margin of 40.67%. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. On average, equities research analysts anticipate that Trimble will post 2.25 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Analysis on TRMB
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.
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