Trimble (TRMB) Earning Somewhat Favorable Press Coverage, Accern Reports

News headlines about Trimble (NASDAQ:TRMB) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trimble earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news stories about the scientific and technical instruments company an impact score of 46.1845855983103 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

TRMB has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of Trimble from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. BidaskClub lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $43.00 price target on shares of Trimble and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, Wells Fargo & Co boosted their price target on shares of Trimble from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $41.70.

Shares of Trimble (NASDAQ:TRMB) traded up $0.03 during mid-day trading on Friday, hitting $40.51. 400,884 shares of the stock traded hands, compared to its average volume of 1,079,593. Trimble has a one year low of $28.61 and a one year high of $43.97. The firm has a market cap of $10,191.30, a price-to-earnings ratio of 53.30, a price-to-earnings-growth ratio of 2.84 and a beta of 2.35. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.22.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $670.00 million during the quarter, compared to analyst estimates of $660.11 million. Trimble had a net margin of 7.66% and a return on equity of 12.97%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. sell-side analysts predict that Trimble will post 1.27 earnings per share for the current year.

Trimble announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 15th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Trimble news, SVP Darryl R. Matthews sold 1,094 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Darryl R. Matthews sold 1,605 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $39.95, for a total transaction of $64,119.75. Following the completion of the sale, the senior vice president now directly owns 6,219 shares in the company, valued at $248,449.05. The disclosure for this sale can be found here. Insiders have sold a total of 320,278 shares of company stock worth $12,969,243 over the last three months. Insiders own 1.40% of the company’s stock.

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About Trimble

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.

Insider Buying and Selling by Quarter for Trimble (NASDAQ:TRMB)

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