Trimble (NASDAQ:TRMB) Releases Q1 Earnings Guidance

Trimble (NASDAQ:TRMB - Get Free Report) 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.

Trimble Stock Performance

Trimble stock traded down $1.74 during mid-day trading on Friday, reaching $71.47. The company's stock had a trading volume of 1,852,430 shares, compared to its average volume of 1,347,057. Trimble has a 12-month low of $48.65 and a 12-month high of $77.78. The company has a market capitalization of $17.57 billion, a P/E ratio of 11.74, a PEG 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. The firm's fifty day moving average price is $73.30 and its two-hundred day moving average price is $66.28.

Analyst Upgrades and Downgrades

TRMB has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and raised their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Robert W. Baird raised their price target on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a report on Monday, December 16th. Finally, Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a report on Thursday. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $86.00.

Insiders Place Their Bets

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business's 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 transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.