Zacks‘ analyst wrote, “Trimble is an OEM of GPS-based products and control systems. December quarter results beat our estimates and guidance was encouraging. The domestic construction market, on which it is highly dependent, is on an uptrend, although the recovery in commercial is more gradual. However, farm economies remain extremely strong across the world and well-planned acquisitions have been doing wonders for the TMS business. Further, management initiatives, such as the lowering of the cost structure, strategic acquisitions, product enhancements and international expansion appear to be paying off. The softness in certain areas of the business is related to macro concerns, as well as the nature of new business acquired, and we are optimistic about its results going forward. Thus, we have a Neutral rating on TRMB shares. “
Shares of Trimble Navigation (NASDAQ: TRMB) traded down 0.24% during mid-day trading on Monday, hitting $28.141. Trimble Navigation has a 1-year low of $20.01 and a 1-year high of $32.03. The stock’s 50-day moving average is currently $29.20. The company has a market cap of $7.185 billion and a price-to-earnings ratio of 37.87.
Trimble Navigation (NASDAQ: TRMB) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.02. The company had revenue of $515.50 million for the quarter, compared to the consensus estimate of $505.27 million. During the same quarter last year, the company posted $0.54 earnings per share. Trimble Navigation’s revenue was up 18.5% compared to the same quarter last year. Trimble Navigation has set its Q1 guidance at $0.74-0.76 EPS. On average, analysts predict that Trimble Navigation will post $1.52 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Needham & Company raised their price target on shares of Trimble Navigation from $58.00 to $69.00 in a research note to investors on Wednesday, February 6th. They now have a “buy” rating on the stock. Analysts at JPMorgan Chase downgraded shares of Trimble Navigation from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, February 6th. They now have a $63.00 price target on the stock, up previously from $60.50.
Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $58.00.
Trimble Navigation Limited (NASDAQ: TRMB) provides advanced positioning product solutions, to commercial and government users.
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