Trimble (TRMB) Expected to Announce Quarterly Earnings on Wednesday

Trimble (NASDAQ:TRMB) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Trimble to post earnings of $0.88 per share and revenue of $945.36 million for the quarter.

Trimble Stock Performance

Trimble stock opened at $73.83 on Wednesday. The firm has a 50 day simple moving average of $73.41 and a 200-day simple moving average of $65.28. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 3.14 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 1-year low of $48.65 and a 1-year high of $77.78.

Insider Transactions at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the business’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 transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird upped their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Oppenheimer increased their price objective on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $84.86.

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.