Trimble (TRMB) to Release Quarterly Earnings on Tuesday

Trimble (NASDAQ:TRMB) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Friday, May 3rd. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $953.30 million during the quarter, compared to the consensus estimate of $921.15 million. Trimble had a net margin of 6.25% and a return on equity of 12.04%. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trimble Stock Down 1.1 %

NASDAQ:TRMB traded down $0.59 during trading hours on Tuesday, reaching $54.41. The company’s stock had a trading volume of 372,094 shares, compared to its average volume of 1,345,388. The company has a market capitalization of $13.29 billion, a P/E ratio of 57.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.50. Trimble has a 12 month low of $39.57 and a 12 month high of $65.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.00. The stock has a 50 day moving average price of $55.95 and a two-hundred day moving average price of $57.55.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TRMB shares. Piper Sandler reaffirmed an “overweight” rating and set a $73.00 price target on shares of Trimble in a research report on Monday, May 6th. Raymond James reaffirmed an “outperform” rating and set a $65.00 price target on shares of Trimble in a research report on Wednesday, May 15th. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price target on shares of Trimble in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on Trimble from $57.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and a consensus price target of $66.67.

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.