Trimble (NASDAQ:TRMB) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Trimble (NASDAQ:TRMB) posted its quarterly earnings results on Wednesday. The scientific and technical instruments company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09, Briefing.com reports. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The business had revenue of $901.20 million during the quarter, compared to analysts’ expectations of $870.30 million. During the same quarter in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Trimble updated its FY 2025 guidance to 3.040-3.120 EPS and its Q4 2025 guidance to 0.910-0.990 EPS.

Trimble Stock Performance

Shares of TRMB opened at $80.57 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The company has a market capitalization of $19.17 billion, a price-to-earnings ratio of 69.46, a PEG ratio of 3.26 and a beta of 1.66. The company’s 50 day simple moving average is $80.08 and its 200 day simple moving average is $76.76. Trimble has a 1 year low of $52.91 and a 1 year high of $87.50.

Insider Activity at Trimble

In related news, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total transaction of $602,015.10. Following the transaction, the vice president owned 406 shares of the company’s stock, valued at approximately $33,186.44. This represents a 94.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Calvin Dalton sold 609 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director directly owned 13,809 shares in the company, valued at $1,137,999.69. The trade was a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 224,321 shares of company stock valued at $18,677,518. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Trimble

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in Trimble by 28.9% during the second quarter. Bank of America Corp DE now owns 1,421,473 shares of the scientific and technical instruments company’s stock worth $108,004,000 after purchasing an additional 318,961 shares during the period. AQR Capital Management LLC raised its stake in Trimble by 42.5% during the second quarter. AQR Capital Management LLC now owns 1,372,779 shares of the scientific and technical instruments company’s stock worth $104,166,000 after purchasing an additional 409,127 shares during the period. Raymond James Financial Inc. raised its stake in Trimble by 73.1% during the second quarter. Raymond James Financial Inc. now owns 1,283,759 shares of the scientific and technical instruments company’s stock worth $97,540,000 after purchasing an additional 542,245 shares during the period. Man Group plc raised its stake in Trimble by 122.9% during the second quarter. Man Group plc now owns 567,162 shares of the scientific and technical instruments company’s stock worth $43,093,000 after purchasing an additional 312,762 shares during the period. Finally, California State Teachers Retirement System raised its stake in Trimble by 7.0% during the second quarter. California State Teachers Retirement System now owns 432,368 shares of the scientific and technical instruments company’s stock worth $32,851,000 after purchasing an additional 28,431 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRMB shares. Barclays started coverage on shares of Trimble in a research report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price objective for the company. Oppenheimer increased their target price on shares of Trimble from $88.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and set a $93.00 target price (up from $85.00) on shares of Trimble in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $92.10.

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.