$0.37 EPS Expected for Trimble Navigation Ltd. (TRMB) This Quarter
Wall Street analysts predict that Trimble Navigation Ltd. (NASDAQ:TRMB) will post earnings of $0.37 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Trimble Navigation’s earnings, with estimates ranging from $0.36 to $0.37. Trimble Navigation posted earnings of $0.33 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.1%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Trimble Navigation will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.45. For the next fiscal year, analysts forecast that the firm will post earnings of $1.64 per share, with EPS estimates ranging from $1.54 to $1.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Trimble Navigation.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $661.90 million for the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share.
Several research analysts recently issued reports on the stock. Craig Hallum reiterated a “hold” rating and issued a $36.00 price target (up from $30.00) on shares of Trimble Navigation in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $39.00 price target on shares of Trimble Navigation in a research note on Wednesday, July 12th. Morgan Stanley increased their price target on shares of Trimble Navigation from $24.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Finally, Berenberg Bank assumed coverage on shares of Trimble Navigation in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $38.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.11.
In related news, VP James A. Kirkland sold 7,183 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $37.41, for a total transaction of $268,716.03. Following the sale, the vice president now directly owns 14,598 shares of the company’s stock, valued at approximately $546,111.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Darryl R. Matthews sold 3,714 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total transaction of $143,583.24. Following the sale, the senior vice president now directly owns 2,000 shares in the company, valued at $77,320. The disclosure for this sale can be found here. Insiders have sold a total of 252,688 shares of company stock worth $9,616,521 over the last three months. 1.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank boosted its holdings in shares of Trimble Navigation by 13.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock valued at $111,000 after acquiring an additional 357 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Trimble Navigation by 17.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock valued at $121,000 after acquiring an additional 500 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Trimble Navigation during the 2nd quarter valued at about $134,000. Advisor Group Inc. boosted its holdings in shares of Trimble Navigation by 3.7% during the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock valued at $142,000 after acquiring an additional 144 shares during the last quarter. Finally, FNY Partners Fund LP boosted its holdings in shares of Trimble Navigation by 71.4% during the 1st quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock valued at $153,000 after acquiring an additional 2,000 shares during the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Trimble Navigation (TRMB) remained flat at $40.59 on Tuesday. 454,696 shares of the stock traded hands. The stock has a 50 day moving average price of $39.24 and a 200-day moving average price of $36.35. The firm has a market capitalization of $10.28 billion, a P/E ratio of 58.83 and a beta of 2.30. Trimble Navigation has a one year low of $25.30 and a one year high of $40.87.
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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