Trimble (NASDAQ:TRMB – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.670-2.810 for the period, compared to the consensus earnings per share estimate of 2.730. The company issued revenue guidance of $3.6 billion-$3.7 billion, compared to the consensus revenue estimate of $3.6 billion. Trimble also updated its FY24 guidance to $2.67-2.81 EPS.
Trimble Stock Performance
Shares of NASDAQ:TRMB traded up $0.11 during trading on Friday, hitting $51.65. The company’s stock had a trading volume of 1,285,115 shares, compared to its average volume of 1,388,422. The company has a 50-day moving average of $55.21 and a 200-day moving average of $57.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.88. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 53.69, a P/E/G ratio of 2.34 and a beta of 1.50. Trimble has a 12 month low of $39.57 and a 12 month high of $65.55.
Trimble (NASDAQ:TRMB – Get Free Report) last issued its quarterly 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. The business had revenue of $870.80 million for the quarter, compared to analysts’ expectations of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. On average, sell-side analysts expect that Trimble will post 2.21 earnings per share for the current year.
Analysts Set New Price Targets
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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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