Trimble (NASDAQ:TRMB – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.67-2.81 for the period, compared to the consensus EPS estimate of $2.73. The company issued revenue guidance of $3.59-3.67 billion, compared to the consensus revenue estimate of $3.63 billion. Trimble also updated its FY 2024 guidance to 2.670-2.810 EPS.
Trimble Trading Down 0.8 %
NASDAQ TRMB traded down $0.40 during trading hours on Wednesday, hitting $51.13. 1,332,106 shares of the company’s stock were exchanged, compared to its average volume of 1,379,892. The business’s 50 day moving average is $55.39 and its 200-day moving average is $57.63. Trimble has a 12-month low of $39.57 and a 12-month high of $65.55. The firm has a market capitalization of $12.49 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 2.31 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00.
Trimble (NASDAQ:TRMB – Get Free Report) last released its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. Trimble had a return on equity of 12.04% and a net margin of 6.25%. The firm had revenue of $870.80 million for the quarter, compared to the consensus estimate of $862.50 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, analysts anticipate that Trimble will post 2.21 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Trimble
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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