Trimble Inc (TRMB) Expected to Post Quarterly Sales of $809.79 Million

Equities analysts expect that Trimble Inc (NASDAQ:TRMB) will announce $809.79 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Trimble’s earnings. The lowest sales estimate is $799.89 million and the highest is $822.16 million. Trimble reported sales of $708.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The company is expected to announce its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Trimble will report full-year sales of $3.14 billion for the current financial year, with estimates ranging from $3.13 billion to $3.15 billion. For the next financial year, analysts forecast that the firm will post sales of $3.48 billion, with estimates ranging from $3.43 billion to $3.52 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Trimble.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Thursday, November 1st. The scientific and technical instruments company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.03). The firm had revenue of $804.70 million during the quarter, compared to analyst estimates of $806.12 million. Trimble had a net margin of 5.32% and a return on equity of 16.21%. Trimble’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS.

A number of brokerages recently commented on TRMB. BidaskClub upgraded shares of Trimble from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Zacks Investment Research downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. ValuEngine downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Robert W. Baird raised their price objective on shares of Trimble from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $41.00 to $40.00 in a research report on Thursday, January 10th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $42.50.

In other news, insider James A. Kirkland sold 14,292 shares of Trimble stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $39.37, for a total transaction of $562,676.04. Following the completion of the sale, the insider now directly owns 51,436 shares in the company, valued at approximately $2,025,035.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert G. Painter sold 1,800 shares of Trimble stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $35.43, for a total transaction of $63,774.00. Following the sale, the chief financial officer now owns 22,114 shares of the company’s stock, valued at $783,499.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,492 shares of company stock valued at $715,754. Insiders own 0.36% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Trimble by 215.3% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,396 shares of the scientific and technical instruments company’s stock valued at $104,000 after acquiring an additional 1,636 shares during the period. Csenge Advisory Group acquired a new stake in shares of Trimble during the 3rd quarter valued at approximately $108,000. Korea Investment CORP acquired a new stake in shares of Trimble during the 2nd quarter valued at approximately $131,000. Commerce Bank acquired a new stake in shares of Trimble during the 3rd quarter valued at approximately $211,000. Finally, Argent Trust Co acquired a new stake in shares of Trimble during the 2nd quarter valued at approximately $214,000. Institutional investors own 90.30% of the company’s stock.

NASDAQ:TRMB traded up $0.93 during mid-day trading on Tuesday, reaching $36.59. The stock had a trading volume of 629,414 shares, compared to its average volume of 949,241. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. The company has a market cap of $9.19 billion, a P/E ratio of 28.59, a PEG ratio of 1.88 and a beta of 2.24. Trimble has a twelve month low of $29.75 and a twelve month high of $45.70.

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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

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