Stock on Focus: Trimble Inc. (TRMB)

Company Profile:

Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, construction, geospatial and transportation and logistics. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California.

Recent News:

On Nov. 19, 2018, Trimble and Intelligent Audit announced a collaboration to integrate their solutions to enable users to benefit from both real-time visibility and one of the most robust audit analytics tools in the industry.

The company reported third quarter 2018 GAAP revenue of $795.2 million was up 18 percent as compared to the third quarter of 2017. GAAP net income was $73.7 million, up 29 percent as compared to the third quarter of 2017.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

TRMB’s strengths can be seen in its better profitability, strong solvency and robust efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the RSI stands at 45.31 with positive bias. We rate Trimble Inc. (TRMB) a STRONG BUY.