Trimble Navigation Limited (TRMB) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $32. FBR Capital advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on Trimble Navigation Limited. Shares were Reiterated by Wedbush on Apr 29, 2016 to “Outperform” and Lowered the Price Target to $ 27 from a previous price target of $28 .
On the company’s financial health, Trimble Navigation Limited reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $583.00 million for the quarter, compared to analysts expectations of $580.39 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Trimble Navigation Limited opened for trading at $23.18 and hit $23.83 on the upside on Tuesday, eventually ending the session at $23.77, with a gain of 2.55% or 0.59 points. The heightened volatility saw the trading volume jump to 13,76,476 shares. Company has a market cap of $5,964 M.
In a different news, on May 9, 2016, Steven W Berglund (President & CEO) sold 200,000 shares at $23.21 per share price. According to the SEC, on Mar 7, 2016, Julie A Shepard (Vice President) sold 13,914 shares at $24.89 per share price. On Mar 7, 2016, James A Kirkland (Vice President) sold 1,000 shares at $24.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Trimble Navigation Limited is a provider of 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 provides heavy civil construction building construction and geospatial solutions. The Field Solutions segment offers positioning systems automated application systems and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies Military and Advanced Systems and ThingMagic businesses. Its brands include Trimble PeopleNet GEOTrac and TMW. In addition it offers TILOS software which merges both location and schedule into one combined time and distance graphical view and FlexiCadastre software which provides land management solution.