News headlines about Trimble (NASDAQ:TRMB) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing 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 nearest to one being the most favorable. Trimble earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 46.3707420270156 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Trimble (TRMB) traded up $0.40 during midday trading on Friday, reaching $43.39. 502,139 shares of the company’s stock traded hands, compared to its average volume of 927,044. 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 stock has a market capitalization of $10,810.00, a price-to-earnings ratio of 57.09, a price-to-earnings-growth ratio of 2.62 and a beta of 2.36. Trimble has a 52 week low of $28.61 and a 52 week high of $43.97.
Trimble (NASDAQ:TRMB) last released its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Trimble had a return on equity of 12.97% and a net margin of 7.66%. The business had revenue of $670.00 million during the quarter, compared to the consensus estimate of $660.11 million. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. research analysts anticipate that Trimble will post 1.27 EPS for the current fiscal year.
Trimble announced that its board has authorized a stock repurchase program on Wednesday, November 15th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
TRMB has been the subject of a number of research analyst reports. 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. Wells Fargo & Co increased their price objective 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. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Trimble in a report on Sunday, October 29th. Finally, Oppenheimer raised their target price on shares of Trimble from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.60.
In related news, VP Jurgen Kliem sold 995 shares of Trimble stock in a transaction dated Monday, December 4th. The stock was 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 $772,437.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Darryl R. Matthews sold 1,094 shares of Trimble stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $40.51, for a total value of $44,317.94. Following the completion of the sale, the senior vice president now owns 4,475 shares of the company’s stock, valued at $181,282.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 320,278 shares of company stock valued at $12,969,243. Corporate insiders own 1.40% of the company’s stock.
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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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