Trimble (NASDAQ:TRMB) Issues Q4 2024 Earnings Guidance

Trimble (NASDAQ:TRMB) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. 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.

Trimble Stock Up 0.7 %

Shares of NASDAQ:TRMB opened at $72.65 on Friday. Trimble has a 52-week low of $40.79 and a 52-week high of $73.17. The stock has a market cap of $17.74 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 3.23 and a beta of 1.49. The business’s 50 day moving average is $60.46 and its 200 day moving average is $57.49. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $870.80 million during the quarter, compared to analyst estimates of $862.50 million. Trimble had a return on equity of 10.18% and a net margin of 40.67%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. Sell-side analysts predict that Trimble will post 2.25 EPS for the current year.

Analyst Ratings Changes

TRMB has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. Robert W. Baird increased their price objective on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday. Piper Sandler increased their price objective on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.