Trimble (TRMB) Expected to Announce Quarterly Earnings on Monday

Trimble (NASDAQ:TRMB - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Monday, February 10th. Analysts expect Trimble to post earnings of $0.89 per share and revenue of $945.36 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Trimble Stock Performance

Shares of NASDAQ:TRMB traded down $0.53 on Tuesday, hitting $73.83. The company's stock had a trading volume of 830,703 shares, compared to its average volume of 1,253,159. Trimble has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. The stock's 50-day moving average is $73.41 and its two-hundred day moving average is $65.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction dated Friday, January 17th. The stock was 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 directly owns 3,157 shares of the company's stock, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TRMB shares. Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a research note on Monday, December 16th. Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised 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 note on Wednesday, December 4th. Oppenheimer boosted their target price on Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird boosted their target price on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price 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.