Trimble (NASDAQ:TRMB – Get Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.830-0.910 for the period, compared to the consensus estimate of 0.880. The company issued revenue guidance of $925.0 million-$965.0 million, compared to the consensus revenue estimate of $942.8 million. Trimble also updated its FY 2024 guidance to 2.790-2.870 EPS.
Trimble Price Performance
TRMB stock traded up $0.62 during trading on Friday, hitting $72.76. The company had a trading volume of 533,705 shares, compared to its average volume of 1,344,471. The business has a 50 day moving average of $60.14 and a 200 day moving average of $57.39. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 3.23 and a beta of 1.49. Trimble has a fifty-two week low of $40.79 and a fifty-two week high of $73.17. The company has a current ratio of 1.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24.
Trimble (NASDAQ:TRMB – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. Trimble had a net margin of 40.67% and a return on equity of 10.18%. The company had revenue of $870.80 million during the quarter, compared to analyst estimates of $862.50 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, research analysts predict that Trimble will post 2.25 earnings per share for the current year.
Analyst Upgrades and Downgrades
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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.
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