During the last session, Trimble Inc (NASDAQ:TRMB)’s traded shares were 0.9 million, with the beta value of the company hitting 1.49. At the end of the trading day, the stock’s price was $61.21, reflecting an intraday gain of 1.17% or $0.71. The 52-week high for the TRMB share is $65.55, that puts it down -7.09 from that peak though still a striking 35.35% gain since the share price plummeted to a 52-week low of $39.57. The company’s market capitalization is $14.95B, and the average intraday trading volume over the past 10 days was 0.8 million shares, and the average trade volume was 1.29 million shares over the past three months.
Trimble Inc (TRMB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.79. TRMB has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.62.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Trimble Inc (NASDAQ:TRMB) trade information
Trimble Inc (TRMB) registered a 1.17% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.17% in intraday trading to $61.21, hitting a weekly high. The stock’s 5-day price performance is 0.51%, and it has moved by -0.62% in 30 days. Based on these gigs, the overall price performance for the year is 49.44%. The short interest in Trimble Inc (NASDAQ:TRMB) is 3.79 million shares and it means that shorts have 2.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $65, which implies an increase of 5.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $65 and $73 respectively. As a result, TRMB is trading at a discount of -19.26% off the target high and -6.19% off the low.
Trimble Inc (TRMB) estimates and forecasts
Statistics show that Trimble Inc has underperformed its competitors in share price, compared to the industry in which it operates. Trimble Inc (TRMB) shares have gone up 9.44% during the last six months, with a year-to-date growth rate less than the industry average at 3.01% against 5.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -8.80% this quarter and then jump 38.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -4.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 862.78M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 940.97M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 957.3M and 932.4M respectively. In this case, analysts expect current quarter sales to shrink by -9.90% and then jump by 0.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.29%. While earnings are projected to return 3.42% in 2024, the next five years will return 10.00% per annum.
TRMB Dividends
Trimble Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Trimble Inc (NASDAQ:TRMB)’s Major holders
Trimble Inc insiders own 0.34% of total outstanding shares while institutional holders control 95.48%, with the float percentage being 95.81%. VANGUARD GROUP INC is the largest shareholder of the company, while 985.0 institutions own stock in it. As of 2024-06-30, the company held over 28.96 million shares (or 11.7972% of all shares), a total value of $1.62 billion in shares.
The next largest institutional holding, with 19.15 million shares, is of BLACKROCK INC.’s that is approximately 7.8013% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.07 billion.
