Trimble (NASDAQ:TRMB) Updates Q1 Earnings Guidance

Trimble (NASDAQ:TRMB) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.55 to $0.61 for the period, compared to the consensus EPS estimate of $0.60. Trimble also updated its FY 2025 guidance to 2.760-2.980 EPS.

Trimble Price Performance

TRMB stock traded up $0.43 during trading on Wednesday, reaching $75.57. 2,453,946 shares of the company were exchanged, compared to its average volume of 1,310,917. Trimble has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 3.10 and a beta of 1.53. The company has a 50-day moving average of $73.34 and a two-hundred day moving average of $66.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Robert W. Baird boosted their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Finally, Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Monday, December 16th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus price target of $84.86.

Insiders Place Their Bets

In related news, VP Jennifer Allison sold 3,571 shares of Trimble 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 completion of the transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.47% of the company’s stock.

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.