Trimble Navigation Limited (TRMB) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Trimble Navigation Limited (TRMB) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.30. The company posted revenue of $609.60 million in the period, compared to analysts expectations of $611.65 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Trimble Navigation Limited. Trimble Navigation Limited was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016. Company shares were Reiterated by Wedbush on Jun 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .Raymond James Initiated Trimble Navigation Limited on Jun 14, 2016 to “Outperform”, Price Target of the shares are set at $30.

Trimble Navigation Limited opened for trading at $26.41 and hit $26.82 on the upside on Friday, eventually ending the session at $26.44, with a gain of 0.34% or 0.09 points. The heightened volatility saw the trading volume jump to 16,66,243 shares. Company has a market cap of $6,638 M.

In a different news, on May 31, 2016, James A Kirkland (Vice President) sold 512 shares at $24.81 per share price. According to the SEC, on May 11, 2016, Chris Gibson (Vice President) sold 2,800 shares at $23.22 per share price. On May 9, 2016, Steven W Berglund (President & CEO) sold 200,000 shares at $23.21 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.

Trimble Navigation Limited

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