Trimble (NASDAQ:TRMB) Issues Q4 Earnings Guidance

Trimble (NASDAQ:TRMB) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.83-0.81 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TRMB shares. Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Piper Sandler upped their target price on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com lowered Trimble from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird boosted their price target on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued 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 a consensus target price of $75.40.

Trimble Stock Up 0.7 %

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

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

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.