Trimble (NASDAQ:TRMB) Updates FY 2025 Earnings Guidance

Trimble (NASDAQ:TRMB - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.760-2.980 for the period, compared to the consensus EPS estimate of 2.890. The company issued revenue guidance of $3.4 billion-$3.5 billion, compared to the consensus revenue estimate of $3.4 billion. Trimble also updated its FY25 guidance to $2.76 to $2.98 EPS.

Trimble Stock Down 2.4 %

Shares of TRMB stock traded down $1.74 on Friday, hitting $71.47. The company's stock had a trading volume of 1,852,430 shares, compared to its average volume of 1,323,335. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 3.09 and a beta of 1.53. Trimble has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The firm's fifty day moving average price is $73.30 and its 200-day moving average price is $66.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday. Piper Sandler reiterated an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird lifted their price target on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Sanford C. Bernstein upped their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $86.00.

Insider Buying and Selling

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated 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 sale, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is currently owned by insiders.

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.