At the time of writing, Trimble Inc [TRMB] stock is trading at $62.03, up 0.83%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TRMB shares have gain 0.88% over the last week, with a monthly amount drifted -2.19%, and not seem to be holding up well over a long-time horizon.
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On 11, April 2024, Transporeon and MODE Global Announce Collaboration for Autonomous Capacity Management. In a post published today on Yahoo Finance, MODE Global, a multi-billion, multi-brand 3PL platform and one of the world’s leading logistics companies, is announcing a collaboration with Transporeon, a Trimble Company. The collaboration aims to leverage automation to tender both spot and dedicated freight using Autonomous Procurement offered by Transporeon. As a leading Transportation Management Platform, it will be white-labeled and customized for MODE as MODE Global Marketplace.
From an analyst’s perspective:
Trimble Inc [NASDAQ: TRMB] stock has seen the most recent analyst activity on February 13, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $68 from $51. Previously, Raymond James upgraded its rating to Outperform on September 29, 2023, and kept the price target unchanged to $65. On April 05, 2023, upgrade upgraded it’s rating to Buy. Northcoast downgraded its rating to a Sell but stick to its price target of $40 on March 07, 2023. Raymond James downgraded its rating to a Mkt Perform. Piper Sandler downgraded its rating to Neutral for this stock on September 08, 2022, and downed its price target to $70. In a note dated August 17, 2022, Wolfe Research initiated an Peer Perform rating.
For the past year, the stock price of Trimble Inc fluctuated between $39.57 and $65.55. Currently, Wall Street analysts expect the stock to reach $67.67 within the next 12 months. Trimble Inc [NASDAQ: TRMB] shares were valued at $62.03 at the most recent close of the market. An investor can expect a potential return of 9.09% based on the average TRMB price forecast.
Analyzing the TRMB fundamentals
According to Trimble Inc [NASDAQ:TRMB], the company’s sales were 3.80B for trailing twelve months, which represents an 8.86% jump. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.52 points at the first support level, and at 61.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.39, and for the 2nd resistance point, it is at 62.75.
Trimble Inc [TRMB] reported earnings per share of $0.63 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.59/share, meaning a difference of $0.04 and a surprise factor of 6.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.68 per share as compared to estimates of $0.6 per share, a difference of $0.08 representing a surprise of 13.30%.
Ratios To Look Out For
It is important to note that Trimble Inc [NASDAQ:TRMB] has a current ratio of 1.00. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 4.01, the price to book ratio is 3.40 and price to earnings (TTM) ratio is 49.62.
Transactions by insiders
Recent insider trading involved PAINTER ROBERT G, President & CEO, that happened on Apr 09 ’24 when 3500.0 shares were sold. Senior Vice President, Large Peter completed a deal on Mar 21 ’24 to sell 176.0 shares. Meanwhile, Senior VP, CES SCHWARTZ MARK DAVID sold 235.0 shares on Mar 15 ’24.
