Zacks: Analysts Anticipate Trimble Inc (TRMB) to Announce $0.46 EPS
Wall Street analysts expect Trimble Inc (NASDAQ:TRMB) to announce earnings of $0.46 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Trimble’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.47. Trimble reported earnings per share of $0.44 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The company is expected to issue its next earnings results after the market closes on Wednesday, May 1st.
According to Zacks, analysts expect that Trimble will report full-year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.12. For the next financial year, analysts expect that the company will post earnings of $2.33 per share, with EPS estimates ranging from $2.21 to $2.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Trimble.
Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, February 6th. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Trimble had a return on equity of 16.48% and a net margin of 9.10%. The business had revenue of $792.90 million during the quarter, compared to the consensus estimate of $809.82 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis.
Shares of Trimble stock traded up $0.13 on Monday, hitting $41.14. The stock had a trading volume of 1,043,953 shares, compared to its average volume of 969,776. Trimble has a 52-week low of $29.75 and a 52-week high of $44.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.75 and a current ratio of 1.03. The company has a market capitalization of $10.38 billion, a P/E ratio of 24.34, a PEG ratio of 2.12 and a beta of 2.18.
In other Trimble news, CEO Steven W. Berglund sold 381,675 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $37.73, for a total transaction of $14,400,597.75. Following the completion of the sale, the chief executive officer now directly owns 574,467 shares of the company’s stock, valued at approximately $21,674,639.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ulf J. Johansson sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $38.05, for a total value of $3,234,250.00. Following the sale, the director now directly owns 60,356 shares of the company’s stock, valued at $2,296,545.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 628,770 shares of company stock valued at $24,117,882. 0.39% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. ETRADE Capital Management LLC raised its stake in shares of Trimble by 3.3% during the 4th quarter. ETRADE Capital Management LLC now owns 22,293 shares of the scientific and technical instruments company’s stock worth $734,000 after buying an additional 718 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Trimble by 0.8% during the 4th quarter. Impax Asset Management Group plc now owns 5,559,309 shares of the scientific and technical instruments company’s stock worth $182,957,000 after buying an additional 46,661 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Trimble by 37.1% during the 4th quarter. Nordea Investment Management AB now owns 683,744 shares of the scientific and technical instruments company’s stock worth $22,502,000 after buying an additional 184,974 shares in the last quarter. Raymond James & Associates raised its stake in shares of Trimble by 14.6% during the 4th quarter. Raymond James & Associates now owns 39,764 shares of the scientific and technical instruments company’s stock worth $1,309,000 after buying an additional 5,076 shares in the last quarter. Finally, Parnassus Investments CA raised its stake in shares of Trimble by 41.6% during the 4th quarter. Parnassus Investments CA now owns 3,285,552 shares of the scientific and technical instruments company’s stock worth $108,128,000 after buying an additional 964,512 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.
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; and integrated workplace management services software.
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