Trimble (TRMB) Expected to Announce Quarterly Earnings on Monday

Trimble (NASDAQ:TRMB) is projected to announce its earnings results before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $945.36 million for the quarter.

Trimble Trading Down 0.6 %

Shares of TRMB opened at $74.96 on Monday. Trimble has a one year low of $48.65 and a one year high of $77.78. The stock has a 50-day moving average price of $73.19 and a 200 day moving average price of $64.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The company has a market capitalization of $18.42 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.10 and a beta of 1.52.

Wall Street Analyst Weigh In

A number of research firms have commented on TRMB. Robert W. Baird increased their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein increased their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer increased their target price on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $84.86.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

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.