Trimble Inc. (TRMB)

NASDAQ: TRMB · IEX Real-Time Price · USD
62.37
+0.56 (0.91%)
Feb 27, 2024, 9:39 AM EST - Market open
0.91%
Market Cap 15.38B
Revenue (ttm) 3.80B
Net Income (ttm) 311.30M
Shares Out 248.77M
EPS (ttm) 1.25
PE Ratio 49.90
Forward PE 24.37
Dividend n/a
Ex-Dividend Date n/a
Volume 35,770
Open 62.10
Previous Close 61.81
Day's Range 62.13 - 62.37
52-Week Range 39.57 - 62.37
Beta 1.47
Analysts Buy
Price Target 59.57 (-4.49%)
Earnings Date Feb 12, 2024

About TRMB

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 route selection and design; 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 m... [Read more]

Sector Technology
IPO Date Jul 20, 1990
Employees 12,700
Stock Exchange NASDAQ
Ticker Symbol TRMB
Full Company Profile

Financial Performance

In 2023, Trimble's revenue was $3.80 billion, an increase of 3.33% compared to the previous year's $3.68 billion. Earnings were $311.30 million, a decrease of -30.78%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for TRMB stock is "Buy." The 12-month stock price forecast is $59.57, which is a decrease of -4.49% from the latest price.

Price Target
$59.57
(-4.49% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Trimble Introduces Roadworks Paving Control Platform for Mills and Cold Planers

New version of Trimble's next-generation paving control platform for smoother, more precise paving surfaces extends the functionality to an additional machine type WESTMINSTER, Colo. , Feb. 20, 2024 /...

7 days ago - PRNewsWire

Trimble Stock Tumbles Despite Earnings Beat. Here's Why.

The geospatial technology company reported fourth-quarter earnings per share of 63 cents from sales of $932 million. Wall Street was looking for 60 cents and $910 million, respectively.

15 days ago - Barrons

Trimble Announces Fourth Quarter and Full Year 2023 Results and Initiates 2024 Guidance

Record annualized recurring revenue of $1.98 billion, up 24 percent on a year-over-year basis, up 13 percent on an organic basis Full year GAAP gross margin of 61.4 percent and non-GAAP gross margin o...

15 days ago - PRNewsWire

Trimble Fourth Quarter and Full Year 2023 Earnings Call and Webcast

WESTMINSTER, Colo. , Jan. 30, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) will hold a conference call on Monday, February 12, 2024 at 8 a.m.

27 days ago - PRNewsWire

Trimble to buy back $800 million shares, expand board following Jana investment

The industrial technology company will add two directors and expand its share buyback shortly after activist investor Jana Partners disclosed its stake.

27 days ago - CNBC

Trimble Announces Board Additions and Capital Allocation Update

Kara Sprague and Ron Nersesian elected as new independent directors $800 million share repurchase authorized WESTMINSTER, Colo. , Jan. 30, 2024 /PRNewswire/ -- Trimble Inc. (NASDAQ: TRMB) announced to...

4 weeks ago - PRNewsWire

Trimble Announces Connected Climate Exchange, Links Farmers to Companies Looking to Meet Sustainability Commitments

Through a data-first approach, Trimble offers a carbon marketplace to bridge the gap between farmers, agronomists and businesses to track and leverage sustainable farming practices WESTMINSTER, Colo. ...

7 weeks ago - PRNewsWire

Badger Meter Builds on Smart Water Offerings With Network Monitoring Acquisition

MILWAUKEE--(BUSINESS WIRE)--Badger Meter, Inc. (NYSE: BMI) today announced that it has acquired select remote water monitoring hardware and software from Trimble (NASDAQ:TRMB), inclusive of the Telog ...

Other symbols: BMI
7 weeks ago - Business Wire

Trimble Divests Water Monitoring Assets to Badger Meter, Inc.

WESTMINSTER, Colo. , Jan. 3, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that it has completed the sale of select remote water monitoring hardware and software, inclusive of the Telog ...

7 weeks ago - PRNewsWire

Will Trimble Stock Rebound To Its Pre-Inflation Shock Highs Of $95?

Trimble stock (NASDAQ NDAQ : TRMB), a company that specializes in software for navigation, guidance, and control of equipment for various industries, including construction and agriculture, trades at ...

2 months ago - Forbes

Jana sees big upside in this unusual technology play serving industries like construction

Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein.

2 months ago - CNBC

Trimble to Provide Advanced Positioning Systems to Sabanto for Enhanced Autonomous Tractor Performance

Trimble's Dual Antenna GNSS receiver and real-time positioning service will provide centimeter-level accuracy for farmers utilizing autonomous equipment WESTMINSTER, Colo. , Dec. 7, 2023 /PRNewswire/ ...

2 months ago - PRNewsWire

Trimble Contributes Inertial Navigation Solutions to the Indian Institute of Technology in Kanpur Supporting the Country's Commitment to Becoming a Leader in the UAV Industry

Students in India to learn with the latest, cutting edge UAV mapping technology WESTMINSTER, Colo., Nov. 29, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today a collaboration with the Indian...

3 months ago - PRNewsWire

Trimble and Skydio Integrate Technologies to Deliver Insights to Construction, Utilities and State Transportation Agencies

SAN MATEO, Calif.--(BUSINESS WIRE)--Skydio, the leading U.S. drone manufacturer and world leader in autonomous flight technology, today announced a strategic collaboration with Trimble creating an int...

4 months ago - Business Wire

Trimble and Ferguson Team to Further Streamline Contractor Supply Chain Workflows and Optimize Material Management

Integrating Ferguson Data with the Trimble Supplier Xchange Network Eliminates  Common Contractor Workflow Roadblock LAS VEGAS , November 6, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) and  Ferguson t...

Other symbols: FERG
4 months ago - PRNewsWire

Trimble Introduces AI-Powered Capability to Automatic Invoicing Functionality with Microsoft Azure

Automatic Invoicing now available in Viewpoint Spectrum and Vista ERP Software,  helping accelerate payment processing and reducing errors LAS VEGAS , Nov. 6, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRM...

4 months ago - PRNewsWire

Trimble Partners with HALO Trust for Landmine Clearance in Ukraine

Trimble's GNSS Technology Aiding Work of Identifying  and Clearing Landmines WESTMINSTER, Colo. , Nov. 6, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) and the Trimble Foundation Fund have partnered wit...

4 months ago - PRNewsWire

Trimble Announces David Barnes to Retire from the Company; Phil Sawarynski Named CFO effective May 2024

WESTMINSTER, Colo. , Nov. 1, 2023 /PRNewswire/ -- Trimble (NASDAQ:TRMB) today announced on its third quarter fiscal 2023 earnings call that Chief Financial Officer David Barnes will retire from the co...

4 months ago - PRNewsWire

Trimble Announces Third Quarter 2023 Results

Record annualized recurring revenue of $1.94 billion, up 25 percent on a year-over-year basis, up 13 percent on an organic basis Third quarter total revenue of $957 million, up 8 percent on a year-ove...

4 months ago - PRNewsWire

Trimble Opens Two Technology Labs at The Ohio State University to Advance the Next Generation of Agriculture and Construction Talent

Technology Labs Will Help the Next Generation of Talent Gain Hands-on Experience  with the Latest Technologies in Agriculture and Construction. WESTMINSTER, Colo.

4 months ago - PRNewsWire

Trimble Third Quarter 2023 Earnings Call and Webcast

WESTMINSTER, Colo. , Oct. 18, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) will hold a conference call on Wednesday, November 1, 2023 at 8 a.m.

4 months ago - PRNewsWire

AGCO-Trimble Joint Venture Aims At Accelerating Smart Farming Development

Farm equipment maker AGCO accelerates its move into smart farming with its new JV with Trimble, the other big player in aftermarket precision ag tech.

Other symbols: AGCO
4 months ago - Forbes

Trimble Announces FedRAMP Authorized Status for e-Builder Enterprise Government Edition

The Authorization by the U.S. Department of Energy Signifies Trimble's Digital Project Delivery Software Meets U.S. Government Security Standards WESTMINSTER, Colo. , Oct. 10, 2023 /PRNewswire/ -- Tri...

5 months ago - PRNewsWire

Rising Bond Yields Fuel Surge in Tech and Growth Stocks

In the past week, growth sectors, as tracked by the Technology Select Sector SPDR Fund NYSEARCA: XLK and the Communication Services Select Sector SPDR Fund NYSEARCA: XLC, have been the strongest perfo...

Other symbols: AMDMETANKENVDATSLA
5 months ago - MarketBeat

Trimble and Mincon Offer Trimble Ready Drilling and Piling Solution for Solar Industry

WESTMINSTER, Colo. , Oct. 5, 2023 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today the availability of a Trimble Ready ® factory option for new Mincon piling and drilling attachments.

5 months ago - PRNewsWire