Trimble (TRMB) Scheduled to Post Earnings on Wednesday

Trimble (NASDAQ:TRMB) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Trimble to post earnings of $0.61 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share 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 net margin of 40.70% and a return on equity of 10.94%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trimble Trading Up 0.2 %

TRMB opened at $61.31 on Tuesday. Trimble has a 12-month low of $40.79 and a 12-month high of $65.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market capitalization of $14.97 billion, a PE ratio of 10.02, a P/E/G ratio of 2.75 and a beta of 1.49. The firm’s fifty day moving average price is $59.30 and its 200 day moving average price is $57.13.

Analysts Set New Price Targets

Several equities analysts have recently commented on TRMB shares. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 price target on shares of Trimble in a research report on Monday, August 19th. Robert W. Baird lifted their target price on Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Oppenheimer reissued an “outperform” rating and set a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.40.

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.