Northcoast Research Brokers Increase Earnings Estimates for Trimble Navigation Ltd. (NASDAQ:TRMB)

Trimble Navigation Ltd. (NASDAQ:TRMB) – Stock analysts at Northcoast Research lifted their Q3 2017 EPS estimates for Trimble Navigation in a report released on Thursday. Northcoast Research analyst T. Hayes now expects that the scientific and technical instruments company will post earnings per share of $0.33 for the quarter, up from their previous forecast of $0.32.

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

COPYRIGHT VIOLATION NOTICE: “Northcoast Research Brokers Increase Earnings Estimates for Trimble Navigation Ltd. (NASDAQ:TRMB)” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/northcoast-research-brokers-increase-earnings-estimates-for-trimble-navigation-ltd-nasdaqtrmb-updated.html.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Trimble Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Trimble Navigation from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Craig Hallum boosted their price objective on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Needham & Company LLC boosted their price objective on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.00.

Trimble Navigation (TRMB) opened at 37.45 on Monday. Trimble Navigation has a 12 month low of $25.30 and a 12 month high of $39.45. The firm has a 50-day moving average of $37.01 and a 200 day moving average of $33.75. The firm has a market capitalization of $9.47 billion, a PE ratio of 54.28 and a beta of 2.31.

Large investors have recently bought and sold shares of the stock. Retirement Systems of Alabama increased its position in shares of Trimble Navigation by 0.4% in the first quarter. Retirement Systems of Alabama now owns 485,700 shares of the scientific and technical instruments company’s stock worth $15,547,000 after buying an additional 2,110 shares during the last quarter. 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. Oakbrook Investments LLC increased its position in shares of Trimble Navigation by 4.5% in the first quarter. Oakbrook Investments LLC now owns 22,150 shares of the scientific and technical instruments company’s stock worth $709,000 after buying an additional 950 shares during the last quarter. Wendell David Associates Inc. increased its position in shares of Trimble Navigation by 7.4% in the first quarter. Wendell David Associates Inc. now owns 14,560 shares of the scientific and technical instruments company’s stock worth $466,000 after buying an additional 1,000 shares during the last quarter. Finally, Johanson Financial Advisors Inc. bought a new position in shares of Trimble Navigation during the first quarter worth about $4,948,000. Institutional investors own 90.40% of the company’s stock.

In related news, VP James A. Kirkland sold 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.60, for a total transaction of $376,000.00. Following the completion of the sale, the vice president now directly owns 31,781 shares in the company, valued at approximately $1,194,965.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Merit E. Janow sold 33,334 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the sale, the director now owns 26,004 shares of the company’s stock, valued at $981,911.04. The disclosure for this sale can be found here. Insiders have sold a total of 143,880 shares of company stock valued at $5,235,551 over the last quarter. 1.40% of the stock is currently owned by company insiders.

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)

What are top analysts saying about Trimble Navigation Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Trimble Navigation Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit