News stories about Trimble Navigation (NASDAQ:TRMB) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trimble Navigation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 47.3440053504839 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
TRMB has been the topic of several recent analyst reports. Dougherty & Co increased their price objective on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Needham & Company LLC reissued a “buy” rating and set a $42.00 target price (up previously from $37.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $41.00 target price (up previously from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Craig Hallum reissued a “hold” rating and set a $36.00 target price (up previously from $30.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.11.
Trimble Navigation (NASDAQ:TRMB) opened at 41.21 on Friday. Trimble Navigation has a 52 week low of $25.30 and a 52 week high of $41.59. The company’s 50-day moving average price is $40.11 and its 200 day moving average price is $37.13. The company has a market capitalization of $10.43 billion, a PE ratio of 59.72 and a beta of 2.30.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 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 $670.00 million during the quarter, compared to analysts’ expectations of $660.11 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that Trimble Navigation will post $1.43 EPS for the current year.
In other news, VP James A. Kirkland sold 7,183 shares of Trimble Navigation stock in a transaction on Friday, August 18th. The stock was sold at an average price of $37.41, for a total value of $268,716.03. Following the transaction, the vice president now owns 14,598 shares in the company, valued at approximately $546,111.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Chris Gibson sold 76,715 shares of Trimble Navigation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $38.02, for a total value of $2,916,704.30. Following the completion of the transaction, the vice president now owns 38,419 shares in the company, valued at approximately $1,460,690.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,688 shares of company stock worth $9,616,521. 1.40% of the stock is owned by corporate insiders.
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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.
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