Equities research analysts forecast that Trimble Navigation Ltd. (NASDAQ:TRMB) will post $671.64 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Trimble Navigation’s earnings. The highest sales estimate is $676.82 million and the lowest is $670.00 million. Trimble Navigation posted sales of $585.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that Trimble Navigation will report full-year sales of $671.64 million for the current year. For the next year, analysts expect that the company will post sales of $2.86 billion per share, with estimates ranging from $2.79 billion to $2.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Trimble Navigation.
Trimble Navigation (NASDAQ:TRMB) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $670.00 million for the quarter, compared to the consensus estimate of $660.11 million. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS.
A number of research firms have commented on TRMB. BidaskClub downgraded shares of Trimble Navigation from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Needham & Company LLC restated 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 raised 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. Finally, Wells Fargo & Company raised 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Trimble Navigation has a consensus rating of “Buy” and a consensus target price of $41.70.
Trimble Navigation (NASDAQ:TRMB) traded up $0.34 during midday trading on Friday, reaching $41.21. 1,041,849 shares of the company’s stock were exchanged, compared to its average volume of 1,007,051. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10,289.48, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.87 and a beta of 2.35. Trimble Navigation has a 1-year low of $28.61 and a 1-year high of $43.97.
Trimble Navigation announced that its board has approved a share repurchase program on Wednesday, November 15th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In related news, VP Jurgen Kliem sold 995 shares of Trimble Navigation stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $42.50, for a total value of $42,287.50. Following the completion of the sale, the vice president now directly owns 18,175 shares in the company, valued at approximately $772,437.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sachin Sankpal sold 6,512 shares of Trimble Navigation stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $41.99, for a total transaction of $273,438.88. Following the completion of the sale, the senior vice president now owns 17,997 shares of the company’s stock, valued at $755,694.03. The disclosure for this sale can be found here. Insiders sold a total of 320,278 shares of company stock valued at $12,969,243 over the last quarter. 1.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in TRMB. Balyasny Asset Management LLC raised its position in Trimble Navigation by 234.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock worth $57,954,000 after buying an additional 1,139,589 shares during the last quarter. Vanguard Group Inc. raised its position in Trimble Navigation by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock worth $760,302,000 after buying an additional 849,914 shares during the last quarter. Capital International Investors raised its position in Trimble Navigation by 8.6% during the 2nd quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after buying an additional 639,190 shares during the last quarter. First Quadrant L P CA raised its position in Trimble Navigation by 9,319.3% during the 3rd quarter. First Quadrant L P CA now owns 609,052 shares of the scientific and technical instruments company’s stock worth $23,905,000 after buying an additional 602,586 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Trimble Navigation by 405.7% during the 2nd quarter. Renaissance Technologies LLC now owns 633,844 shares of the scientific and technical instruments company’s stock worth $22,609,000 after buying an additional 508,500 shares during the last quarter. Institutional investors own 89.74% of the company’s stock.
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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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