News coverage about Trimble (NASDAQ:TRMB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Trimble earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the scientific and technical instruments company an impact score of 46.4303812765642 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 news headlines that may have impacted Accern Sentiment’s rankings:
- Trimble Inc. (TRMB) – Tech Stock under Review – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Trimble Inc. (TRMB) receives consensus rating of 2.10 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Trimble Inc., (NASDAQ: TRMB) – Glowing Stock’s Review – Stock Watch (stocksnewstimes.com)
- Stock to Watch – Trimble Inc (NASDAQ: TRMB) – Stocks Pen (stockspen.com)
- Trimble Announces Call for Speakers for its 2018 Dimensions International User Conference (finance.yahoo.com)
Several research firms have weighed in on TRMB. BidaskClub downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded shares of Trimble from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 6th. Oppenheimer set a $50.00 price target on shares of Trimble and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, TheStreet downgraded shares of Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Trimble presently has an average rating of “Hold” and a consensus price target of $42.10.
Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, February 8th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $708.40 million during the quarter, compared to the consensus estimate of $674.84 million. Trimble had a net margin of 4.56% and a return on equity of 13.37%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. equities research analysts expect that Trimble will post 1.5 earnings per share for the current fiscal year.
Trimble declared that its board has initiated a share buyback 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. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Mark S. Peek sold 5,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $39.36, for a total value of $196,800.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $1,377,600. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ulf J. Johansson sold 50,000 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the completion of the transaction, the director now directly owns 42,670 shares of the company’s stock, valued at $1,624,446.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 471,946 shares of company stock valued at $18,558,140. 1.40% of the stock is owned by insiders.
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Trimble 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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