Trimble (NASDAQ:TRMB) Issues Q1 Earnings Guidance

Trimble (NASDAQ:TRMB) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.55 to $0.61 for the period, compared to the consensus EPS estimate of $0.60. Trimble also updated its FY 2025 guidance to 2.760-2.980 EPS.

Analyst Ratings Changes

A number of research analysts recently weighed in on TRMB shares. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein increased their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Robert W. Baird lifted their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a 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 target on the stock in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Performance

Shares of NASDAQ:TRMB traded up $0.43 on Wednesday, reaching $75.57. 2,453,946 shares of the company’s stock were exchanged, compared to its average volume of 1,310,917. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.10 and a beta of 1.53. Trimble has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $73.34 and a 200-day moving average of $66.01.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.