Trimble Inc (TRMB) Receives $44.75 Consensus PT from Analysts
Shares of Trimble Inc (NASDAQ:TRMB) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.80.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Trimble from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. ValuEngine upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Robert W. Baird boosted their target price on Trimble from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd.
In related news, CFO Robert G. Painter sold 750 shares of Trimble stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $38.87, for a total transaction of $29,152.50. Following the completion of the sale, the chief financial officer now directly owns 10,888 shares of the company’s stock, valued at $423,216.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Merit E. Janow sold 30,000 shares of Trimble stock in a transaction on Monday, August 27th. The stock was sold at an average price of $41.48, for a total value of $1,244,400.00. Following the sale, the director now directly owns 60,356 shares of the company’s stock, valued at $2,503,566.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,264 shares of company stock valued at $1,832,884. 0.36% of the stock is currently owned by corporate insiders.
TRMB traded down $0.66 during trading on Friday, hitting $34.88. The company’s stock had a trading volume of 21,606 shares, compared to its average volume of 1,235,923. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.08. Trimble has a 12 month low of $32.01 and a 12 month high of $45.70. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.04 and a beta of 2.45.
Trimble (NASDAQ:TRMB) last released its earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The firm had revenue of $804.70 million for the quarter, compared to the consensus estimate of $806.12 million. Trimble had a return on equity of 16.21% and a net margin of 5.32%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, research analysts predict that Trimble will post 1.66 EPS for the current fiscal year.
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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