Trimble (NASDAQ:TRMB) Releases FY25 Earnings Guidance

Trimble (NASDAQ:TRMB) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.76 to $2.98 for the period, compared to the consensus estimate of $2.89. Trimble also updated its FY 2025 guidance to 2.760-2.980 EPS.

Trimble Trading Down 1.8 %

TRMB traded down $1.37 during trading on Thursday, reaching $74.20. The company had a trading volume of 331,436 shares, compared to its average volume of 1,275,895. The firm’s 50-day simple moving average is $73.37 and its 200 day simple moving average is $66.08. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 3.15 and a beta of 1.53. Trimble has a 12-month low of $48.65 and a 12-month high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of research reports. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Thursday. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer lifted their price target on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trimble currently has an average rating of “Buy” and a consensus price target of $85.75.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by company insiders.

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.