Trimble (TRMB) Projected to Post Earnings on Wednesday

Trimble (NASDAQ:TRMB - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $944.36 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Trimble Stock Performance

NASDAQ TRMB traded up $0.63 during midday trading on Friday, hitting $74.29. The company had a trading volume of 1,229,332 shares, compared to its average volume of 1,215,225. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 3.14 and a beta of 1.53. The firm has a fifty day simple moving average of $73.33 and a two-hundred day simple moving average of $65.61. Trimble has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

Insider Buying and Selling at Trimble

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 completion of the transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Piper Sandler reiterated an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Oppenheimer lifted their target price on shares of Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. 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 research report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $84.86.

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.