Trimble (NASDAQ:TRMB) Announces Earnings Results, Misses Estimates By $0.15 EPS

Trimble (NASDAQ:TRMB) released its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15), Zacks reports. Trimble had a net margin of 40.67% and a return on equity of 10.18%. Trimble updated its Q1 2025 guidance to 0.550-0.610 EPS and its FY 2025 guidance to 2.760-2.980 EPS.

Trimble Stock Performance

Trimble stock opened at $76.54 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $18.81 billion, a PE ratio of 12.74, a P/E/G ratio of 3.10 and a beta of 1.53. The firm has a fifty day simple moving average of $73.34 and a two-hundred day simple moving average of $66.01. Trimble has a twelve month low of $48.65 and a twelve month high of $77.78.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were 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. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRMB shares. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Piper Sandler reiterated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Oppenheimer upped their target price 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. Finally, Robert W. Baird boosted their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and an average price target of $84.86.

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.