by Ian Harvey
August 14, 2019
Trimble stock took a hit after an earnings miss in late July, but now, appears to be in recovery mode. We entered the trade at $36.43 on August 26, and Friday saw the share price touching $40.07.
And, “Mentorship Program” Members Were Up 153% Potential Profit!
A NICE POTENTIAL PROFIT FOR THE WEEK!
Trimble Inc (NASDAQ: TRMB) took a big hit late July after reporting second-quarter 2019 non-GAAP earnings of 53 cents per share, missing the Consensus Estimate by 1 cent. However, the figure improved 3.9% year over year and 17.8% sequentially.
Note that this is for a company that boosted sales by 18% last year and more than doubled net income from $121.1 million to $282.8 million. And, earnings-per-share is projected to rise for each of the next three years.
As well, analysts still see the value left on the table. Out of 10 analysts, seven call TRMB a “Buy” or “Overweight.” And Rob Wertheimer at Melius Research has set a price target of $54, nearly 45% higher than the current price.
And, on Friday shares of Trimble crossed above their 200 day moving average of $39.37, changing hands as high as $40.07 per share. Trimble Inc shares are currently trading up about 2.96% on the day.
About Trimble …..
Trimble provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation.
Moving Forward for Trimble…..
Thanks in large part to Trimble’s innovations, GPS would have applications not just in marine navigation and the military, but also land surveying, transportation, wireless communications, and more.
Trimble’s GPS innovations, along with a steady stream of strategic acquisitions and partnerships over the years, have allowed Trimble to grow to 11,500 employees in 40 countries, with more than 2,000 unique patents and more than $3 billion in annual sales.
One of Trimble’s most successful products is its cloud-based e-Builder software that helps manage the entire lifecycle of the construction process. During the design phase, e-Builder can keep track of regulations and approvals by all the relevant agencies and make tentative changes to a design before final approval is given. Then the software tracks and sorts bids and automates the response process.
When it comes time to build, e-Builder handles scheduling, cost management, and anything else that might arise during the process. Even when construction is finished and it’s time for tenants to move in, Trimble’s product assists with operations and maintenance over the lifespan of the building.
Developers and civil engineers find Trimble’s products indispensable. And the company brings easy-to-use, data-based productivity solutions like e-Builder to all the industries it serves.
Analysts and Institutions…..
Analysts and institutions are taking a positive spin on Trimble and its continued momentum; with BidaskClub raising Trimble from a “hold” rating to a “buy” rating in a research note last Wednesday.
Both Castleark Management LLC Parnassus Investments CA raised their holdings in Trimble during the second quarter.
YOU NEED TO BE IN TO PROFIT!
What Can You Do?
It appears that Trimble is just getting started on-its-road to recovery, and already Stock options made Easy members have been in the driving seat.
Based on analysts’ optimism for Trimble, the recovery underway from the past performance, the company’s growth prospects and exceptional management, along with the other compelling factors already mentioned, it is expected that the share price will likely continue to move higher.
Therefore, if you agree with this scenario consider the following options trade…..
.....Buy the TRMB FEB 21 2020 45.000 CALL at approximately $1.30.
If you are not a member and are interested in being part of this profitable action just CLICK HERE.
AS ALWAYS THE DECISION IS YOURS!
OR other memberships.....CLICK HERE......
An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.
It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!