Trimble Inc (TRMB) released its first quarter results on Thursday, May 6, 2021. The company reported net earnings of $0.45 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 83 percent compared to the same period a year ago.
Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California. Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. It operates through four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation.
Trimble's revenue decreased 0 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 59.3% for the first quarter compared to the same period in the previous year, and operating margins increased to 16.06% over the same period. Net earnings for past trailing twelve months were $442.5 million, down 14% from the prior year.
Moving on to the balance sheet, Trimble's cash levels jumped 22% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 12.56% this past year. The current ratio for Trimble now stands at 1.09. The company increased shares outstanding by 0.36%.
Shares of TRMB are currently trading around $75.92. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 43.46 and price to book ratio of 5.26.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Friday, May 7, 2021.