Equities research analysts forecast that Trimble Inc (NASDAQ:TRMB) will report earnings per share of $0.45 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Trimble’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.44. Trimble reported earnings per share of $0.39 during the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The company is expected to announce its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that Trimble will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.88. For the next year, analysts anticipate that the company will post earnings of $2.07 per share, with EPS estimates ranging from $1.95 to $2.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Trimble.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The firm had revenue of $785.50 million for the quarter, compared to analysts’ expectations of $776.31 million. Trimble had a return on equity of 15.46% and a net margin of 4.93%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share.

TRMB has been the topic of a number of recent research reports. Edward Jones upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. They noted that the move was a valuation call. Goldman Sachs Group cut Trimble from a “conviction-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. ValuEngine cut Trimble from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, July 12th. Finally, BidaskClub upgraded Trimble from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 29th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Trimble has a consensus rating of “Buy” and an average target price of $42.38.

TRMB stock traded up $0.08 during mid-day trading on Friday, reaching $44.11. The company had a trading volume of 1,270,600 shares, compared to its average volume of 1,287,603. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 1.93. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.58 and a beta of 2.47. Trimble has a one year low of $32.01 and a one year high of $45.70.

In other news, CFO Robert G. Painter sold 1,500 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $34.33, for a total transaction of $51,495.00. Following the transaction, the chief financial officer now directly owns 13,888 shares of the company’s stock, valued at $476,775.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sachin Sankpal sold 3,151 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.02, for a total value of $135,556.02. Following the transaction, the senior vice president now directly owns 17,997 shares in the company, valued at $774,230.94. The disclosure for this sale can be found here. Insiders have sold 111,251 shares of company stock worth $4,504,418 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TRMB. Wells Fargo & Company MN increased its holdings in shares of Trimble by 17.6% during the first quarter. Wells Fargo & Company MN now owns 257,284 shares of the scientific and technical instruments company’s stock valued at $9,231,000 after purchasing an additional 38,472 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Trimble by 0.8% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 746,137 shares of the scientific and technical instruments company’s stock worth $26,771,000 after acquiring an additional 5,826 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Trimble by 61.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 242,262 shares of the scientific and technical instruments company’s stock worth $8,484,000 after acquiring an additional 91,767 shares during the period. Trexquant Investment LP acquired a new position in Trimble during the first quarter worth about $264,000. Finally, American Century Companies Inc. grew its holdings in Trimble by 6.1% during the first quarter. American Century Companies Inc. now owns 1,482,273 shares of the scientific and technical instruments company’s stock worth $53,184,000 after acquiring an additional 85,648 shares during the period. 90.00% of the stock is currently owned by institutional investors.

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 operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

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