Press coverage about Trimble Navigation (NASDAQ:TRMB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trimble Navigation earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media headlines about the scientific and technical instruments company an impact score of 45.2623055849356 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Trimble Adds Distributors to its Global Vantage Network for Agriculture (finance.yahoo.com)
- Insider Selling: Trimble Navigation Ltd. (TRMB) VP Sells 25,570 Shares of Stock (americanbankingnews.com)
- Trimble Announces New Share Repurchase Authorization (finance.yahoo.com)
- Trimble Navigation (TRMB) to Buyback $600.00 million in Outstanding Shares (americanbankingnews.com)
- Trimble Navigation Ltd. (TRMB) SVP Sells $64,119.75 in Stock (americanbankingnews.com)
Shares of Trimble Navigation (NASDAQ TRMB) traded up $0.59 during midday trading on Friday, reaching $41.53. The company’s stock had a trading volume of 983,800 shares, compared to its average volume of 995,587. Trimble Navigation has a 12-month low of $27.18 and a 12-month high of $43.97. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10,307.11, a price-to-earnings ratio of 32.75, a PEG ratio of 2.87 and a beta of 2.34.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $660.11 million. During the same quarter last year, the firm earned $0.33 EPS. Trimble Navigation’s quarterly revenue was up 14.7% on a year-over-year basis. equities analysts anticipate that Trimble Navigation will post 1.27 EPS for the current year.
Trimble Navigation announced that its Board of Directors has initiated a stock repurchase program on Wednesday, November 15th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Several brokerages have recently issued reports on TRMB. Craig Hallum restated a “hold” rating and issued a $36.00 price objective (up from $30.00) on shares of Trimble Navigation in a research report on Wednesday, August 9th. BidaskClub downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley increased their target price on Trimble Navigation from $24.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Berenberg Bank began coverage on Trimble Navigation in a research report on Wednesday, August 23rd. They set a “hold” rating and a $38.00 target price on the stock. Finally, Dougherty & Co increased their target price on Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.70.
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In related news, SVP Darryl R. Matthews sold 3,714 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.66, for a total value of $143,583.24. Following the sale, the senior vice president now owns 2,000 shares of the company’s stock, valued at approximately $77,320. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Chris Gibson sold 23,430 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $38.01, for a total value of $890,574.30. Following the completion of the sale, the vice president now directly owns 38,419 shares in the company, valued at approximately $1,460,306.19. The disclosure for this sale can be found here. In the last three months, insiders sold 501,440 shares of company stock worth $19,807,647. Company insiders own 1.40% of the company’s stock.
Trimble Navigation Company Profile
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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