Media headlines about Trimble (NASDAQ:TRMB) have trended positive on Friday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trimble earned a media sentiment score of 0.37 on Alpha One’s scale. Alpha One also gave press coverage about the scientific and technical instruments company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next few days.
Trimble (NASDAQ:TRMB) traded down 0.26% during midday trading on Friday, reaching $31.02. 884,433 shares of the company were exchanged. The firm has a market capitalization of $7.83 billion, a PE ratio of 59.65 and a beta of 2.23. Trimble has a 52 week low of $22.68 and a 52 week high of $32.34. The company has a 50-day moving average of $31.41 and a 200 day moving average of $29.90.
Trimble (NASDAQ:TRMB) last released its earnings results on Wednesday, February 8th. The scientific and technical instruments company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. Trimble had a return on equity of 11.55% and a net margin of 5.60%. The business earned $585.60 million during the quarter, compared to the consensus estimate of $579.04 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts predict that Trimble will post $1.35 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Trimble from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Needham & Company LLC boosted their price objective on shares of Trimble from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Craig Hallum boosted their price objective on shares of Trimble from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, February 9th. Dougherty & Co lowered shares of Trimble from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Monday, January 30th. Finally, Northcoast Research assumed coverage on shares of Trimble in a report on Friday, January 13th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Trimble currently has a consensus rating of “Hold” and an average target price of $29.50.
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In related news, VP James Veneziano sold 317,948 shares of Trimble stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $31.34, for a total value of $9,964,490.32. Following the completion of the sale, the vice president now directly owns 83,855 shares in the company, valued at $2,628,015.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Julie A. Shepard sold 3,826 shares of Trimble stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $31.72, for a total value of $121,360.72. Following the completion of the sale, the vice president now owns 24,940 shares of the company’s stock, valued at $791,096.80. The disclosure for this sale can be found here. Insiders sold 681,881 shares of company stock valued at $21,364,043 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
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