William Blair Issues Negative Estimate for Trimble Earnings

Trimble Inc. (NASDAQ:TRMB) – Equities researchers at William Blair cut their Q1 2025 earnings estimates for shares of Trimble in a research report issued on Wednesday, December 11th. William Blair analyst J. Ho now expects that the scientific and technical instruments company will earn $0.59 per share for the quarter, down from their prior estimate of $0.62. The consensus estimate for Trimble’s current full-year earnings is $2.34 per share.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Oppenheimer increased their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird raised their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $84.86.

Trimble Trading Down 1.8 %

NASDAQ:TRMB opened at $72.89 on Monday. The business’s 50-day moving average is $68.26 and its two-hundred day moving average is $60.41. The firm has a market capitalization of $17.80 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. Trimble has a 12 month low of $48.60 and a 12 month high of $76.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Peapack Gladstone Financial Corp raised its stake in Trimble by 6.8% during the third quarter. Peapack Gladstone Financial Corp now owns 4,270 shares of the scientific and technical instruments company’s stock valued at $265,000 after buying an additional 270 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trimble during the 3rd quarter valued at approximately $691,000. Sanctuary Advisors LLC lifted its stake in Trimble by 85.0% during the third quarter. Sanctuary Advisors LLC now owns 12,888 shares of the scientific and technical instruments company’s stock worth $800,000 after purchasing an additional 5,922 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 520 shares during the period. Finally, Geode Capital Management LLC increased its stake in Trimble by 0.7% during the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock valued at $364,984,000 after purchasing an additional 39,069 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

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.