Trimble Navigation Ltd. (NASDAQ:TRMB) – Analysts at William Blair lifted their Q3 2017 earnings per share (EPS) estimates for shares of Trimble Navigation in a research report issued to clients and investors on Wednesday. William Blair analyst J. Ho now anticipates that the scientific and technical instruments company will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.31. William Blair also issued estimates for Trimble Navigation’s Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.39 EPS and FY2018 earnings at $1.46 EPS.

Several other research analysts also recently commented on TRMB. Zacks Investment Research downgraded shares of Trimble Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Craig Hallum increased their price objective on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, April 28th. Needham & Company LLC increased their price objective on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 28th. Dougherty & Co raised shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Finally, Oppenheimer Holdings, Inc. increased their price objective on shares of Trimble Navigation from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Trimble Navigation currently has an average rating of “Buy” and an average price target of $40.50.

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

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 Thomson Reuters’ 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 firm had revenue of $661.90 million for the quarter, compared to the consensus estimate of $643.05 million. During the same period last year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis.

In related news, Director Steeg Nickolas Vande sold 41,717 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $35.80, for a total value of $1,493,468.60. Following the completion of the transaction, the director now owns 56,370 shares of the company’s stock, valued at approximately $2,018,046. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Peek sold 11,717 shares of the 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 transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $1,090,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,263 shares of company stock valued at $5,094,328. 1.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Twin Tree Management LP acquired a new position in shares of Trimble Navigation during the first quarter worth approximately $124,000. Acadian Asset Management LLC acquired a new position in shares of Trimble Navigation during the second quarter worth approximately $134,000. Huntington National Bank increased its position in shares of 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 during the last quarter. IFP Advisors Inc increased its position in shares of 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 during the last quarter. Finally, FNY Partners Fund LP increased its position in shares of 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 during the last quarter. 90.56% of the stock is owned by hedge funds and other institutional investors.

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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