Trimble (NASDAQ:TRMB) Issues FY25 Earnings Guidance

Trimble (NASDAQ:TRMB) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $2.76 to $2.98 for the period, compared to the consensus EPS estimate of $2.89. Trimble also updated its FY 2025 guidance to 2.760-2.980 EPS.

Trimble Price Performance

TRMB traded up $0.39 during trading on Wednesday, hitting $75.53. 1,858,571 shares of the company traded hands, compared to its average volume of 1,287,823. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market cap of $18.57 billion, a PE ratio of 12.63, a P/E/G ratio of 3.10 and a beta of 1.53. The stock’s 50-day simple moving average is $73.34 and its two-hundred day simple moving average is $66.01. Trimble has a 1 year low of $48.65 and a 1 year high of $77.78.

Analysts Set New Price Targets

TRMB has been the topic of several research reports. Oppenheimer lifted their target price on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $84.86.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by insiders.

About Trimble

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.