Trimble (NASDAQ:TRMB – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.67-2.81 for the period, compared to the consensus EPS estimate of $2.73. The company issued revenue guidance of $3.59-3.67 billion, compared to the consensus revenue estimate of $3.63 billion. Trimble also updated its FY 2024 guidance to 2.670-2.810 EPS.
Trimble Trading Down 0.8 %
TRMB stock traded down $0.40 during midday trading on Wednesday, hitting $51.13. The stock had a trading volume of 1,332,106 shares, compared to its average volume of 1,379,892. The firm has a market cap of $12.49 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 2.31 and a beta of 1.50. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. Trimble has a 1-year low of $39.57 and a 1-year high of $65.55. The business has a fifty day moving average price of $55.39 and a two-hundred day moving average price of $57.63.
Trimble (NASDAQ:TRMB – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. Trimble had a net margin of 6.25% and a return on equity of 12.04%. The firm had revenue of $870.80 million for the quarter, compared to analyst estimates of $862.50 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Trimble will post 2.21 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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About Trimble
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.
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