Trimble (TRMB) to Release Quarterly Earnings on Monday

Trimble (NASDAQ:TRMB) is projected to release its earnings data before the market opens on Monday, February 10th. Analysts expect Trimble to post earnings of $0.88 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

Trimble stock opened at $74.36 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The company has a market capitalization of $18.28 billion, a PE ratio of 12.43, a P/E/G ratio of 3.12 and a beta of 1.53. The company has a 50 day moving average price of $73.39 and a 200-day moving average price of $64.89. Trimble has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TRMB shares. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Monday, December 16th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Oppenheimer boosted their price objective on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $84.86.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the 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 in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

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.