Factors to Consider
Trimble reported weak first-quarter 2015 results with both the top line and the bottom line missing the respective Zacks Consensus Estimate.
Going forward, management expects the real estate and workplace solutions business, which includes Manhattan Software and E&C; and construction supply and Field Services management, which are in Mobile Solutions currently, to create strong growth opportunities. These businesses are expected to demonstrate meaningful progress in 2015.
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Trimble Navigation Ltd (NASDAQ:TRMB) stock is currently trading 33.69% below its 52-week-high, 2.47% above its 52-week-low. The 1-year stock price history is in the range of $22.28 – $34.43. Trimble Navigation Ltd (TRMB) has a price to earnings ratio of 33.57 versus Technology sector average of 21.07. TRMB stock price has underperformed the Nasdaq by 22.3%. The Electronic Measurement & Instruments company is currently valued at $5.92 billion and its share price closed the last trading session at $22.83. The stock has a 50-day moving average of $23.33 and a 200-day moving average of $24.7.
Trimble Navigation Ltd (TRMB) current short interest stands at 6.35 million shares. It has decreased by 12% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.17 million shares, the number of days required to cover the short positions stand at 5.5 days.
The company is expected to announce next quarter earnings on August 04, at consensus estimate of $0.24. Trimble Navigation Ltd (TRMB) reported last quarter earnings on April 30. The Electronic Measurement & Instruments company announced earnings per share of $0.24 against a consensus Street estimate of $0.26, missing estimate by $0.02. This corresponds to a decrease of $0.1 compared to the same quarter of the previous fiscal year.
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There are currently thirteen analysts that cover Trimble Navigation Ltd stock. Of those thirteen, six have a Buy rating, seven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $28.
A recent analyst activity consisted of Piper Jaffray reiterating their Overweight stance on June 12. Piper Jaffray decreased price target from $30 to $28. This corresponds to a 22.65% upside from the last closing price. On the date of report, the stock closed at $22.96.
Goldman Sachs initiated their coverage on the stock with Neutral rating on March 20, and fixed their price target at $29. This corresponds to a 27.03% upside from the last closing price. On the date of report, the stock closed at $25.92.
Another research firm was JP Morgan who reiterated their Overweight stance on February 11. JP Morgan decreased price target from $32 to $31. This translates to a 35.79% upside from the last closing price. On the date of report, the stock closed at $26.42.
Trimble Navigation Ltd is a leading provider of advanced location-based solutions that maximize productivity and enhance profitability. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions.