Trimble (TRMB) Set to Announce Earnings on Wednesday

Trimble (NASDAQ:TRMB - Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The business had revenue of $870.80 million during the quarter, compared to analyst estimates of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm's revenue was down 12.4% compared to the same quarter last year. On average, analysts expect Trimble to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trimble Stock Down 0.5 %

TRMB traded down $0.30 on Wednesday, reaching $61.36. 923,098 shares of the company traded hands, compared to its average volume of 1,338,712. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 2.73 and a beta of 1.49. 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 stock's 50 day moving average price is $59.03 and its 200-day moving average price is $57.09. Trimble has a 52-week low of $39.57 and a 52-week high of $65.55.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Oppenheimer restated an "outperform" rating and set a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $73.00 target price on shares of Trimble in a research report on Monday, August 19th. StockNews.com lowered Trimble from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Trimble from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th. Finally, Robert W. Baird lifted their target price on shares of Trimble from $65.00 to $66.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $66.67.

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.