Trimble (NASDAQ:TRMB) Updates Q1 Earnings Guidance

Trimble (NASDAQ:TRMB) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.55 to $0.61 for the period, compared to the consensus estimate of $0.60. Trimble also updated its FY 2025 guidance to 2.760-2.980 EPS.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note 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. Robert W. Baird raised their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein increased their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average price target of $84.86.

Trimble Price Performance

Shares of NASDAQ:TRMB traded up $0.39 during midday trading on Wednesday, reaching $75.53. The company’s stock had a trading volume of 1,858,571 shares, compared to its average volume of 1,287,823. The business’s fifty day simple moving average is $73.34 and its 200-day simple moving average is $66.01. The company has a market capitalization of $18.57 billion, a P/E ratio of 12.63, a P/E/G ratio of 3.10 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

Insiders Place Their Bets

In related news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.47% of the company’s stock.

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.