Trimble (NASDAQ:TRMB) Updates FY25 Earnings Guidance

Trimble (NASDAQ:TRMB - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.76 to $2.98 for the period, compared to the consensus estimate of $2.89. Trimble also updated its FY 2025 guidance to 2.760-2.980 EPS.

Analyst Ratings Changes

Several analysts recently commented on the stock. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research report on Thursday. Piper Sandler reiterated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Robert W. Baird upped 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 target 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. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and upped their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $86.00.

Trimble Stock Performance

Trimble stock traded down $1.74 during trading hours on Friday, reaching $71.47. 1,852,430 shares of the stock were exchanged, compared to its average volume of 1,347,057. The stock has a market cap of $17.57 billion, a P/E ratio of 11.74, a P/E/G ratio of 3.17 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble has a 52-week low of $48.65 and a 52-week high of $77.78. The firm's 50 day moving average is $73.30 and its 200 day moving average is $66.28.

Insider Transactions at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company's stock.

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'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.