Stock analysts expect Trimble Inc. (NASDAQ:TRMB – Get Rating) to report revenue of $965.31 million for the current fiscal quarter, Zacks reports. Seven analysts provided Trimble earnings estimates. The lowest sales estimate is $953.12 million and the highest is $986.40 million. Trimble recorded sales of $886.50 million in the same quarter last year, suggesting a positive year-over-year growth rate of 8.9%. The company is expected to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect Trimble to report annual sales of $4.00 billion for the current fiscal year, with estimates ranging from $3.97 billion to $4.01 billion. For the next fiscal year, analysts expect the company to post sales of $4.29 billion, with estimates ranging from $4.21 billion to $4.36 billion. Zacks sales calculations are an average based on a survey of analysts who follow Trimble.

Trimble (NASDAQ:TRMB – Get Rating) last announced its results on Wednesday, February 9. The scientific and technical instruments company reported earnings per share (EPS) of $0.53 for the quarter, beating the consensus estimate of $0.51 by $0.02. The company posted revenue of $926.00 million for the quarter, compared to $889.75 million expected by analysts. Trimble had a return on equity of 15.08% and a net margin of 13.47%. During the same period last year, the company posted earnings per share of $0.53.

Several research analysts have recently commented on TRMB shares. JPMorgan Chase & Co. lowered its price target on Trimble from $79.00 to $77.00 and set a “neutral” rating on the stock in a Monday, March 28 research note. Zacks Investment Research upgraded Trimble from a “hold” rating to a “buy” rating and set a price target of $91.00 on the stock in a Tuesday, January 4, research note. Raymond James lowered his price target on Trimble from $95.00 to $90.00 and set an “outperform” rating on the stock in a Thursday, Feb. 10 research note. Morgan Stanley lowered its price target on Trimble from $76.00 to $70.00 and set an “underweight” rating on the stock in a Tuesday, Jan. 25 research note. Finally, Piper Sandler raised her price target on Trimble from $101.00 to $102.00 and gave the stock an “overweight” rating in a Thursday, Feb. 10 research note. One equity research analyst gave the stock a sell rating, one issued a hold rating and five gave the company a buy rating. According to data from MarketBeat, Trimble has an average rating of “Buy” and a consensus target price of $85.17.

In other Trimble news, Vice President Ronald Bisio sold 2,660 Trimble shares in a trade that took place on Friday, March 11. The stock was sold at an average price of $65.98, for a total value of $175,506.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, Director Sandra Macquillan sold 10,500 Trimble shares in a trade that took place on Monday, February 14. The stock was sold at an average price of $66.44, for a total value of $697,620.00. The disclosure of this sale can be found here. 0.48% of the shares are currently held by insiders of the company.

Institutional investors have recently changed their positions in the company. Bell Investment Advisors Inc bought a new position in Trimble during Q3 worth $25,000. Cornerstone Advisory LLC bought a new position in Trimble during Q4 worth $26,000. Lenox Wealth Advisors LLC increased its holdings in Trimble by 8,000.0% during the 4th quarter. Lenox Wealth Advisors LLC now owns 405 shares of the scientific and technical instruments company valued at $35,000 after acquiring an additional 400 shares during the period. Quent Capital LLC bought a new position in Trimble during Q4 worth $40,000. Finally, Atlas Capital Advisors LLC bought a new position in Trimble during Q3 for $42,000. Hedge funds and other institutional investors own 88.84% of the company’s shares.

NASDAQ: TRMB lost $0.52 on Friday, hitting $72.11. The stock recorded a trading volume of 851,788 shares, compared to an average volume of 1,158,855 shares. The company’s 50-day simple moving average is $69.52 and its two-hundred-day simple moving average is $78.60. The company has a quick ratio of 0.91, a current ratio of 1.22 and a leverage ratio of 0.33. Trimble has a 52-week low of $62.32 and a 52-week high of $96.49. The stock has a market capitalization of $18.12 billion, a price-to-earnings ratio of 37.17, a growth price-to-earnings ratio of 2.34 and a beta of 1.58.

About Trimble (Get an assessment)

Trimble, Inc is committed to providing positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners and operators.

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