Trimble (TRMB) Earns Daily News Sentiment Score of 0.10
Media coverage about Trimble (NASDAQ:TRMB) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trimble earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 45.4783724450658 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- What You Must Know About Trimble Inc’s (NASDAQ:TRMB) Financial Strength (finance.yahoo.com)
- Trimble (TRMB) Downgraded by BidaskClub (americanbankingnews.com)
- Trimble Inc (TRMB) Sees Large Drop in Short Interest (americanbankingnews.com)
- Top-Rated Stocks: Trimble Sees Composite Rating Climb To 97 (finance.yahoo.com)
Trimble (TRMB) traded up $0.43 during mid-day trading on Friday, hitting $40.67. The stock had a trading volume of 1,869,138 shares, compared to its average volume of 981,297. Trimble has a 52 week low of $28.61 and a 52 week high of $43.97. 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 company has a market capitalization of $10,130.88, a price-to-earnings ratio of 32.19, a PEG ratio of 2.83 and a beta of 2.35.
Trimble (NASDAQ:TRMB) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $670.00 million for the quarter, compared to analyst estimates of $660.11 million. During the same quarter last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. research analysts expect that Trimble will post 1.27 EPS for the current year.
Trimble declared that its board has authorized a share buyback plan on Wednesday, November 15th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have commented on TRMB shares. Zacks Investment Research raised Trimble from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Trimble in a research note on Sunday, October 29th. BidaskClub raised Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer reissued a “buy” rating on shares of Trimble in a research note on Thursday, October 19th. Finally, Piper Jaffray Companies set a $43.00 price objective on Trimble and gave the company a “buy” rating in a research note on Sunday, October 1st. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.70.
In other news, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $40.45, for a total value of $8,090,000.00. Following the transaction, the chief executive officer now owns 350,489 shares in the company, valued at $14,177,280.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jurgen Kliem sold 995 shares of the firm’s 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 transaction, the vice president now owns 18,175 shares in the company, valued at approximately $772,437.50. The disclosure for this sale can be found here. Insiders sold 320,278 shares of company stock worth $12,969,243 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.
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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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