Stock News Buzz: Trimble Inc. (NASDAQ:TRMB)

Trimble Inc. (NASDAQ:TRMB) changed 0.73% to recent value of $44.11. The stock transacted 1132726 shares during most recent day however it has an average volume of 934.90K shares. It spotted trading -4.63% off 52-week high price. On the other end, the stock has been noted 23.01% away from the low price over the last 52-weeks.

On Feb. 12, 2020, Trimble Inc. (NASDAQ:TRMB) released fourth quarter and fiscal year 2019 financial results.

Fourth Quarter 2019 Financial Summary

Fourth quarter 2019 GAAP revenue of $824.0 million was up 5 percent as compared to the fourth quarter of 2018. Fourth quarter 2019 non-GAAP revenue of $826.7 million was up 4 percent as compared to the fourth quarter of 2018. Fourth quarter 2019 was a 14-week quarter and fourth quarter 2018 was a 13-week quarter.

Buildings and Infrastructure revenue was $313.8 million, up 9 percent. Geospatial revenue was $168.7 million, down 6 percent. Resources and Utilities revenue was $138.1 million, up 6 percent. Transportation revenue was $206.1 million, up 5 percent. Segment revenues reflect the results of Trimble’s reportable segments under its management reporting system and are non-GAAP measures.

GAAP operating income was $88.2 million, down 2 percent as compared to the fourth quarter of 2018. GAAP operating margin was 10.7 percent of revenue as compared to 11.4 percent of revenue in the fourth quarter of 2018.

GAAP net income was $279.3 million, up 223 percent as compared to the fourth quarter of 2018. GAAP diluted earnings per share was $1.11 as compared to GAAP diluted income per share of $0.34 in the fourth quarter of 2018.

TRMB has a gross margin of 54.40% and an operating margin of 11.70% while its profit margin remained 10.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 706.50% for this year while earning per share for the next 5-years is expected to reach at 7.00%.

The company has 255.79M of outstanding shares and 247.91M shares were floated in the market. According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.88% from the mean of 20 days, 4.70% from mean of 50 days SMA and performed 7.94% from mean of 200 days price. Company’s performance for the week was -1.99%, 3.13% for month and YTD performance remained 5.80%.

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