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NASDAQ:GRMN

Garmin Stock Forecast, Price & News

$124.02
-0.32 (-0.26 %)
(As of 02/26/2021 04:52 PM ET)
Add
Compare
Today's Range
$123.51
Now: $124.02
$125.56
50-Day Range
$114.86
MA: $123.31
$132.48
52-Week Range
$61.04
Now: $124.02
$133.43
Volume913,997 shs
Average Volume767,759 shs
Market Capitalization$23.76 billion
P/E Ratio23.31
Dividend Yield1.96%
Beta0.98
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Garmin logo

Industry, Sector and Symbol

Industry Search & navigation equipment
Sub-IndustryConsumer Electronics
Current SymbolNASDAQ:GRMN
CUSIPH2906T10
Phone41-52-630-1600
Employees16,000
Year Founded1989

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.76 billion
Cash Flow$4.95 per share
Book Value$24.20 per share

Profitability

Net Income$952.49 million

Miscellaneous

Market Cap$23.76 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.87 out of 5 stars

Computer And Technology Sector

127th out of 1,519 stocks

Search & Navigation Equipment Industry

3rd out of 14 stocks

Analyst Opinion: 2.3Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
$124.02
-0.32 (-0.26 %)
(As of 02/26/2021 04:52 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Garmin (NASDAQ:GRMN) Frequently Asked Questions

Is Garmin a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Garmin stock.
View analyst ratings for Garmin
or view top-rated stocks.

What stocks does MarketBeat like better than Garmin?

Wall Street analysts have given Garmin a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Garmin wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Garmin's next earnings date?

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Garmin
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) released its quarterly earnings results on Tuesday, February, 16th. The scientific and technical instruments company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.39 by $0.34. Garmin had a trailing twelve-month return on equity of 18.38% and a net margin of 25.89%. During the same quarter in the previous year, the firm posted $1.29 EPS.
View Garmin's earnings history
.

How has Garmin's stock price been impacted by Coronavirus (COVID-19)?

Garmin's stock was trading at $80.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GRMN stock has increased by 54.0% and is now trading at $124.00.
View which stocks have been most impacted by COVID-19
.

How often does Garmin pay dividends? What is the dividend yield for Garmin?

Garmin declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Monday, March 15th will be given a dividend of $0.61 per share on Wednesday, March 31st. This represents a $2.44 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, March 12th.
View Garmin's dividend history
.

Is Garmin a good dividend stock?

Garmin pays an annual dividend of $2.44 per share and currently has a dividend yield of 1.90%. Garmin has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Garmin is 54.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Garmin will have a dividend payout ratio of 48.03% next year. This indicates that Garmin will be able to sustain or increase its dividend.
View Garmin's dividend history.

What guidance has Garmin issued on next quarter's earnings?

Garmin updated its FY 2021 Pre-Market earnings guidance on Wednesday, February, 17th. The company provided earnings per share guidance of 5.15-5.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.11. The company issued revenue guidance of $4.6-4.6 billion, compared to the consensus revenue estimate of $4.36 billion.

What price target have analysts set for GRMN?

10 Wall Street analysts have issued 1 year target prices for Garmin's stock. Their forecasts range from $95.00 to $146.00. On average, they anticipate Garmin's stock price to reach $126.43 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
View analysts' price targets for Garmin
or view top-rated stocks among Wall Street analysts.

Who are Garmin's key executives?

Garmin's management team includes the following people:
  • Dr. Min-Hwan Kao, Co-Founder & Exec. Chairman (Age 72, Pay $383.31k)
  • Mr. Clifton Albert Pemble, Pres, CEO & Director (Age 55, Pay $1.03M)
  • Mr. Douglas Gerard Boessen, CFO, Principal Accounting Officer & Treasurer (Age 58, Pay $649.13k) (LinkedIn Profile)
  • Mr. Andrew R. Etkind, VP, Gen. Counsel & Sec. (Age 65, Pay $1.02M) (LinkedIn Profile)
  • Mr. Philip I. Straub, Exec. VP & MD of Aviation - Garmin International, Inc
  • Mr. Patrick G. Desbois, Exec. VP of Operations - Garmin International, Inc.
  • Ms. Teri Seck, Mang. of Investor Relations
  • Mr. Ted Gartner, Director of Corp. Communications
  • Mr. Sean Biddlecombe, Managing Director of EMEA

What is Clifton Pemble's approval rating as Garmin's CEO?

356 employees have rated Garmin CEO Clifton Pemble on Glassdoor.com. Clifton Pemble has an approval rating of 96% among Garmin's employees. This puts Clifton Pemble in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Garmin's key competitors?

What other stocks do shareholders of Garmin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include NVIDIA (NVDA), Intel (INTC), AT&T (T), Cisco Systems (CSCO), The Walt Disney (DIS), Verizon Communications (VZ), QUALCOMM (QCOM), Visa (V), Alibaba Group (BABA) and Pfizer (PFE).

What is Garmin's stock symbol?

Garmin trades on the NASDAQ under the ticker symbol "GRMN."

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.91%), JPMorgan Chase & Co. (1.44%), Wells Fargo & Company MN (1.25%), First Trust Advisors LP (1.07%), Janus Henderson Group PLC (0.92%) and Northern Trust Corp (0.89%). Company insiders that own Garmin stock include Clifton A Pemble, Joseph J Hartnett, Matthew Munn, Min H Kao, Patrick Desbois and Sean Biddlecombe.
View institutional ownership trends for Garmin
.

Which major investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including Los Angeles Capital Management LLC, Alliancebernstein L.P., Edgestream Partners L.P., State of Wisconsin Investment Board, Robeco Institutional Asset Management B.V., Renaissance Technologies LLC, BlackRock Inc., and Janus Henderson Group PLC. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Matthew Munn, Patrick Desbois, and Sean Biddlecombe.
View insider buying and selling activity for Garmin
or view top insider-selling stocks.

Which major investors are buying Garmin stock?

GRMN stock was acquired by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Morgan Stanley, Clark Capital Management Group Inc., AGF Investments Inc., PGGM Investments, Credit Suisse AG, SG Americas Securities LLC, and Lord Abbett & CO. LLC.
View insider buying and selling activity for Garmin
or or view top insider-buying stocks.

How do I buy shares of Garmin?

Shares of GRMN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $124.00.

How much money does Garmin make?

Garmin has a market capitalization of $23.75 billion and generates $3.76 billion in revenue each year. The scientific and technical instruments company earns $952.49 million in net income (profit) each year or $4.45 on an earnings per share basis.

How many employees does Garmin have?

Garmin employs 16,000 workers across the globe.

Does Garmin have any subsidiaries?

The following companies are subsidiares of Garmin: ActiveCaptain, Alphamantis Technologies, Belanor AS, DeLorme, Digital Cyclone, Dynastream Innovations, EME Tec Sat SAS, EmpirBus, Fairpoint Navigation A/S, Firstbeat Analytics, Flight Plan, Flight Plan LLC, Formar Electronics N.V./S.A., Fusion Electronics, Garmap (Pty) Ltd., Garmin (Europe) Ltd., Garmin AT Inc., Garmin Africa Holdings (Pty) Ltd., Garmin Argentina SRL, Garmin Australasia Pty Ltd., Garmin Austria GmbH, Garmin Austria Holding GmbH, Garmin Belux NV/SA, Garmin Brasil Comércio de Tecnologias Ltda., Garmin Canada Inc., Garmin Chile Lda, Garmin Chile Lda., Garmin China ChengDu Co. Ltd., Garmin China Co. Ltd., Garmin China Shanghai Co. Ltd., Garmin China Shanghai RHQ Co. Ltd., Garmin China Yangzhou Co. Ltd., Garmin Cluj SRL, Garmin Comercializadora S. de RL. de CV, Garmin Corporation, Garmin Czech s.r.o, Garmin Danmark Ejendomme ApS, Garmin Deutschland Beteiligungs GmbH, Garmin Deutschland GmbH, Garmin France SAS, Garmin Hrvatska d.o.o., Garmin Iberia S.A., Garmin Iberia SA, Garmin India Private Ltd., Garmin International Inc., Garmin Italia S.p.A., Garmin Italia S.r.l., Garmin Japan Ltd., Garmin Korea Ltd., Garmin Luxembourg Holdings S.à r.l., Garmin Luxembourg S.à r.l., Garmin Navigation Mexico S de RL de CV, Garmin Nederland B.V., Garmin New Zealand Ltd., Garmin Nordic Denmark A/S, Garmin Nordic Finland Holding Oy, Garmin Nordic Finland Oy, Garmin Nordic Norway AS, Garmin Nordic Norway Holding AS, Garmin Nordic Sweden AB, Garmin North America Inc., Garmin Polska Sp. z o.o., Garmin Realty LLC, Garmin Services Inc., Garmin Singapore Pte. Ltd, Garmin Southern Africa (Pty) Ltd., Garmin Spain S.L.U., Garmin Switzerland Distribution GmbH, Garmin Switzerland GmbH, Garmin USA Inc., Garmin Würzburg GmbH, Garmin trgovina in servis d.o.o., Iiyonet, MetriGear, MotionBased Technologies, Nautamatic Marine Systems, Navcor Oy, Navigon, Navionics, Navionics Inc., Navionics OÜ, Navionics S.r.l., Navionics Technologies Pvt. Ltd., Nexus Marine AB, PulsedLight, Sportsmanship International AB, Tri-Tronics, UPS Aviation Technologies, and iKubu.

When was Garmin founded?

Garmin was founded in 1989.

What is Garmin's official website?

The official website for Garmin is www.garmin.com.

Where are Garmin's headquarters?

Garmin is headquartered at MUHLENTALSTRASSE 2, SCHAFFHAUSEN V8, CH-8200.

How can I contact Garmin?

Garmin's mailing address is MUHLENTALSTRASSE 2, SCHAFFHAUSEN V8, CH-8200. The scientific and technical instruments company can be reached via phone at 41-52-630-1600 or via email at [email protected]


This page was last updated on 2/26/2021 by MarketBeat.com Staff

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