Trimble Navigation Ltd. (NASDAQ:TRMB) – Equities research analysts at Oppenheimer Holdings increased their Q3 2017 earnings estimates for Trimble Navigation in a report released on Wednesday. Oppenheimer Holdings analyst C. Rusch now expects that the scientific and technical instruments company will post earnings per share of $0.32 for the quarter, up from their previous forecast of $0.31. Oppenheimer Holdings has a “Outperform” rating and a $41.00 price target on the stock.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.02. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The business had revenue of $661.90 million during the quarter, compared to analysts’ expectations of $643.05 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis.

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A number of other research analysts also recently weighed in on TRMB. Zacks Investment Research downgraded shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Craig Hallum upped their price objective on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Needham & Company LLC upped their price objective on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $39.00 price objective on shares of Trimble Navigation in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.50.

Shares of Trimble Navigation (NASDAQ:TRMB) opened at 37.75 on Monday. The firm has a 50-day moving average price of $36.91 and a 200-day moving average price of $33.67. Trimble Navigation has a 52 week low of $25.30 and a 52 week high of $39.00. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 54.71 and a beta of 2.31.

In other news, Director Mark S. Peek sold 11,717 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $36.35, for a total transaction of $425,912.95. Following the completion of the sale, the director now owns 30,000 shares of the company’s stock, valued at $1,090,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Julie A. Shepard sold 26,654 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $35.77, for a total transaction of $953,413.58. Following the sale, the vice president now directly owns 16,434 shares of the company’s stock, valued at approximately $587,844.18. The disclosure for this sale can be found here. Insiders have sold 142,263 shares of company stock valued at $5,094,328 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in Trimble Navigation during the first quarter worth approximately $124,000. Acadian Asset Management LLC bought a new stake in Trimble Navigation during the second quarter worth approximately $134,000. Huntington National Bank boosted its stake in Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares in the last quarter. IFP Advisors Inc boosted its stake in Trimble Navigation by 34.8% in the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 1,228 shares in the last quarter. Finally, FNY Partners Fund LP boosted its stake in Trimble Navigation by 71.4% in the first quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock worth $153,000 after buying an additional 2,000 shares in the last quarter. 90.56% of the stock is owned by institutional investors and hedge funds.

About Trimble Navigation

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.

Earnings History and Estimates for Trimble Navigation (NASDAQ:TRMB)

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