Trimble (NASDAQ:TRMB) Updates Q1 Earnings Guidance

Trimble (NASDAQ:TRMB) updated its first quarter earnings guidance on Wednesday. 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.

Analyst Ratings Changes

TRMB has been the topic of a number of recent research reports. Sanford C. Bernstein increased their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird upped their target price on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday. StockNews.com raised Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Trimble currently has an average rating of “Buy” and an average price target of $86.00.

Trimble Trading Down 0.1 %

NASDAQ TRMB traded down $0.10 on Friday, reaching $73.11. 432,376 shares of the company were exchanged, compared to its average volume of 1,301,478. Trimble has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market capitalization of $17.97 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 3.17 and a beta of 1.53. The business’s fifty day moving average price is $73.34 and its 200 day moving average price is $66.13. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insider Activity at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

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.