Trimble Inc (NASDAQ:TRMB) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $42.80.
Several brokerages recently weighed in on TRMB. Zacks Investment Research raised shares of Trimble from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Thursday, July 12th. ValuEngine raised shares of Trimble from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Finally, BidaskClub raised shares of Trimble from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 29th.
In other Trimble news, VP Bryn Fosburgh sold 38,195 shares of Trimble stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $40.21, for a total value of $1,535,820.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert G. Painter sold 750 shares of Trimble stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $39.11, for a total transaction of $29,332.50. Following the completion of the sale, the chief financial officer now directly owns 13,138 shares of the company’s stock, valued at approximately $513,827.18. The disclosure for this sale can be found here. Insiders have sold 110,501 shares of company stock valued at $4,482,076 in the last three months. 1.40% of the stock is owned by insiders.
Shares of NASDAQ TRMB traded down $0.20 on Monday, reaching $37.16. 1,031,805 shares of the company’s stock traded hands, compared to its average volume of 1,082,235. Trimble has a 12 month low of $32.01 and a 12 month high of $45.70. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 2.23 and a beta of 2.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.93.
Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The company had revenue of $785.50 million during the quarter, compared to the consensus estimate of $776.31 million. Trimble had a net margin of 4.93% and a return on equity of 15.46%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. On average, analysts forecast that Trimble will post 1.62 earnings per share for the current fiscal year.
Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
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