Trimble Navigation (NASDAQ:TRMB) Earning Somewhat Favorable News Coverage, Analysis Shows
News stories about Trimble Navigation (NASDAQ:TRMB) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trimble Navigation earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.1197171554373 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stock is up at $38.20 (TRMB) CNH Industrial and Trimble Announce Data… – First News 24 (firstnewspaper24.com)
- How Are Analysts Approaching Shares of Trimble Navigation Ltd. (NASDAQ:TRMB)? – Evergreen Caller (evergreencaller.com)
- Trimble Adds First Distribution Partner in Latin America to its Global Vantage Network for Agriculture (finance.yahoo.com)
- CNH Industrial and Trimble Announce Data Sharing Connectivity (finance.yahoo.com)
- 3D Animation Market – Challenges, Key Vendors, Size, Growth, Drivers and Trends by Forecast to 2022 (einpresswire.com)
Several equities research analysts recently commented on TRMB shares. Zacks Investment Research cut shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Craig Hallum boosted their price objective on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Needham & Company LLC boosted their price objective on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Dougherty & Co raised shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Finally, Oppenheimer Holdings, Inc. boosted their price objective on shares of Trimble Navigation from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.43.
Shares of Trimble Navigation (NASDAQ TRMB) traded up 1.54% during midday trading on Tuesday, reaching $38.79. 1,584,583 shares of the company’s stock traded hands. The firm has a market cap of $9.81 billion, a PE ratio of 60.61 and a beta of 2.30. Trimble Navigation has a 52-week low of $25.30 and a 52-week high of $38.88. The company has a 50 day moving average of $36.70 and a 200 day moving average of $33.34.
Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. Trimble Navigation had a net margin of 6.82% and a return on equity of 12.28%. The business had revenue of $613.90 million during the quarter, compared to the consensus estimate of $605.32 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict that Trimble Navigation will post $1.39 EPS for the current fiscal year.
In other Trimble Navigation news, VP James A. Kirkland sold 25,000 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $35.89, for a total value of $897,250.00. Following the transaction, the vice president now directly owns 45,887 shares of the company’s stock, valued at $1,646,884.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steeg Nickolas Vande sold 41,717 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $35.80, for a total transaction of $1,493,468.60. Following the completion of the transaction, the director now directly owns 56,370 shares in the company, valued at $2,018,046. The disclosure for this sale can be found here. Insiders sold 200,263 shares of company stock worth $7,170,488 over the last ninety days. Insiders own 1.40% of the company’s stock.
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About Trimble Navigation
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
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