Trimble (TRMB) to Release Quarterly Earnings on Wednesday

Trimble (NASDAQ:TRMB) is scheduled to post 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The business had revenue of $870.80 million during the quarter, compared to the consensus estimate of $862.50 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. 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 1.2 %

Trimble stock opened at $61.21 on Monday. The company has a 50 day moving average price of $59.30 and a 200 day moving average price of $57.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.99. Trimble has a 52 week low of $40.72 and a 52 week high of $65.55. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.71 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TRMB. Piper Sandler reiterated an “overweight” rating and set a $73.00 price target on shares of Trimble in a report on Monday, August 19th. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 target price on shares of Trimble in a research note on Wednesday, August 7th. Robert W. Baird increased their price target on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.