Brokerages expect Trimble Navigation Ltd. (NASDAQ:TRMB) to announce earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Trimble Navigation’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.38. Trimble Navigation posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year over year growth rate of 16.1%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Trimble Navigation will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.45 to $1.48. For the next fiscal year, analysts anticipate that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.60 to $1.74. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Trimble Navigation.

Trimble Navigation (NASDAQ:TRMB) last announced 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. The firm had revenue of $670.00 million for the quarter, compared to analyst estimates of $660.11 million. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share.

Several research firms have commented on TRMB. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Trimble Navigation in a report on Sunday, October 29th. Oppenheimer upped their price target on shares of Trimble Navigation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Wells Fargo & Company upped their price target on shares of Trimble Navigation from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, BidaskClub lowered shares of Trimble Navigation from a “strong-buy” rating to a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.70.

In other news, SVP Darryl R. Matthews sold 1,094 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $40.51, for a total transaction of $44,317.94. Following the sale, the senior vice president now directly owns 4,475 shares of the company’s stock, valued at approximately $181,282.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jurgen Kliem sold 995 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $42.50, for a total transaction of $42,287.50. Following the sale, the vice president now directly owns 18,175 shares in the company, valued at $772,437.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 320,278 shares of company stock worth $12,969,243. Corporate insiders own 1.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its stake 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 worth $142,000 after acquiring an additional 144 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Trimble Navigation by 2.4% during the 2nd quarter. Nordea Investment Management AB now owns 9,588 shares of the scientific and technical instruments company’s stock worth $342,000 after purchasing an additional 226 shares during the last quarter. Symphony Asset Management LLC raised its position in shares of Trimble Navigation by 0.6% during the 2nd quarter. Symphony Asset Management LLC now owns 48,938 shares of the scientific and technical instruments company’s stock worth $1,746,000 after purchasing an additional 295 shares during the last quarter. Chartwell Investment Partners LLC raised its position in shares of Trimble Navigation by 1.6% during the 2nd quarter. Chartwell Investment Partners LLC now owns 20,318 shares of the scientific and technical instruments company’s stock worth $725,000 after purchasing an additional 320 shares during the last quarter. Finally, Toronto Dominion Bank raised its position 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 worth $111,000 after purchasing an additional 357 shares during the last quarter. 89.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Trimble Navigation (NASDAQ:TRMB) opened at $40.73 on Thursday. Trimble Navigation has a 1-year low of $28.61 and a 1-year high of $43.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market cap of $10,440.00, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 2.92 and a beta of 2.35.

Trimble Navigation announced that its board has approved a stock repurchase plan on Wednesday, November 15th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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

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