With 2.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.3 million shares. The 52-week range on TRMB shows that it touched its highest point at $77.78 and its lowest point at $48.65 during that stretch. It currently has a 1-year price target of $88.60. Beta for the stock currently stands at 1.57.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRMB was down-trending over the past week, with a drop of -0.11%, but this was down by -4.21% over a month. Three-month performance surged to 3.67% while six-month performance rose 30.99%. The stock gained 21.43% in the past year, while it has gained 3.61% so far this year. A look at the trailing 12-month EPS for TRMB yields 6.10 with Next year EPS estimates of 3.30. For the next quarter, that number is 0.58. This implies an EPS growth rate of 0.93% for this year and 14.73% for next year. EPS is expected to grow by 10.47% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.53%.
Float and Shares Shorts:
At present, 245.79 million TRMB shares are outstanding with a float of 244.88 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRMB since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.86082 being high and $2.82094 being low. For TRMB, this leads to a yearly average estimate of $2.84088. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.59. The average estimate for the next quarter is thus $0.62.
