Garmin Company Profile (NASDAQ:GRMN)

About Garmin

Garmin logoGarmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products. It operates through five business segments: marine, outdoor, fitness, auto and aviation. Garmin offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products designed for use in outdoor activities. It offers products designed for use in fitness and activity tracking. It offers a range of products designed for use in the recreational marine industry. It offers products designed for use in the recreational marine industry. Its aviation product line includes GPS-enabled navigation and very high frequency (VHF) communications transmitters/receivers.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Scientific & Technical Instruments
  • Sub-Industry: Consumer Electronics
  • Exchange: NASDAQ
  • Symbol: GRMN
  • CUSIP: H2906T10
Key Metrics:
  • Previous Close: $48.50
  • 50 Day Moving Average: $50.87
  • 200 Day Moving Average: $44.64
  • 52-Week Range: $30.93 - $56.19
  • Trailing P/E Ratio: 18.43
  • Foreward P/E Ratio: 18.87
  • P/E Growth: 2.87
  • Market Cap: $9.16B
  • Outstanding Shares: 188,876,000
  • Beta: 0.82
Profitability:
  • Net Margins: 17.29%
  • Return on Equity: 14.97%
  • Return on Assets: 11.11%
Debt:
  • Current Ratio: 2.19%
  • Quick Ratio: 1.69%
Additional Links:
Companies Related to Garmin:

Analyst Ratings

Consensus Ratings for Garmin (NASDAQ:GRMN) (?)
Ratings Breakdown: 3 Sell Ratings, 10 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.93)
Consensus Price Target: $38.33 (20.96% downside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
Show:
DateFirmActionRatingPrice TargetDetails
8/25/2016Raymond James Financial Inc.UpgradeMarket Perform -> Outperform$43.00View Rating Details
8/25/2016Morgan StanleyLower Price TargetEqual Weight$49.00 -> $46.00View Rating Details
8/24/2016Goldman Sachs Group Inc.DowngradeNeutral -> Sell$12.00View Rating Details
8/22/2016Citigroup Inc.DowngradeMarket PerformView Rating Details
8/17/2016Longbow ResearchInitiated CoverageNeutralView Rating Details
8/4/2016Bank of America Corp.DowngradeBuy -> Underperform$47.00View Rating Details
8/1/2016Oppenheimer Holdings Inc.Reiterated RatingMarket PerformView Rating Details
7/28/2016JPMorgan Chase & Co.UpgradeUnderweight -> Neutral$38.00 -> $47.00View Rating Details
4/19/2016Pacific CrestReiterated RatingSector PerformView Rating Details
2/20/2016Needham & Company LLCReiterated RatingHoldView Rating Details
2/18/2016Robert W. BairdBoost Price TargetNeutral$39.00 -> $40.00View Rating Details
2/18/2016Credit Suisse Group AGBoost Price TargetUnderperform$32.00 -> $36.00View Rating Details
12/30/2015Dougherty & CoReiterated RatingNeutralView Rating Details
11/19/2015Royal Bank Of CanadaReiterated RatingOutperform$40.00View Rating Details
9/28/2015Sterne Agee CRTInitiated CoverageNeutralView Rating Details
9/11/2015DA DavidsonReiterated RatingNeutral$48.00 -> $40.00View Rating Details
2/20/2015Atlantic SecuritiesDowngradeOverweight -> Neutral$64.00 -> $55.00View Rating Details
(Data available from 9/24/2014 forward)

Earnings

Earnings History for Garmin (NASDAQ:GRMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2016        
7/27/2016Q216$0.67$0.87$763.37 million$812.00 millionViewListenView Earnings Details
4/27/2016Q116$0.42$0.49$585.91 million$624.00 millionViewListenView Earnings Details
2/17/2016Q415$0.48$0.74$759.10 million$781.00 millionViewListenView Earnings Details
10/28/2015Q315$0.55$0.51$705.06 million$680.00 millionViewListenView Earnings Details
7/29/2015Q215$0.82$0.72$773.11 million$774.00 millionViewListenView Earnings Details
4/29/2015Q115$0.58$0.55$606.63 million$585.00 millionViewN/AView Earnings Details
2/18/2015Q414$0.78$0.77$789.90 million$803.30 millionViewN/AView Earnings Details
10/29/2014Q314$0.71$0.76$677.35 million$706.00 millionViewN/AView Earnings Details
7/30/2014Q214$0.76$1.02$709.25 million$778.00 millionViewN/AView Earnings Details
4/30/2014Q114$0.44$0.55$541.00 million$583.00 millionViewN/AView Earnings Details
2/19/2014Q413$0.62$0.76$712.78 million$760.00 millionViewN/AView Earnings Details
10/30/2013Q313$0.58$0.69$628.50 million$644.00 millionViewN/AView Earnings Details
7/31/2013Q2 2013$0.65$0.76$665.84 million$697.00 millionViewN/AView Earnings Details
5/1/2013Q1 2013$0.41$0.40$518.64 million$532.00 millionViewN/AView Earnings Details
2/20/2013Q4 2012$0.73$0.68$833.43 million$769.00 millionViewN/AView Earnings Details
10/31/2012$0.61$0.74ViewN/AView Earnings Details
8/1/2012$0.66$0.98ViewN/AView Earnings Details
5/2/2012$0.41$0.45ViewN/AView Earnings Details
2/22/2012$0.65$0.96ViewN/AView Earnings Details
11/2/2011$0.49$0.71ViewN/AView Earnings Details
8/3/2011$0.67$0.63ViewN/AView Earnings Details
5/4/2011$0.33$0.43ViewN/AView Earnings Details
2/23/2011$0.88$0.83ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Garmin (NASDAQ:GRMN)
Current Year EPS Consensus Estimate: $2.52 EPS
Next Year EPS Consensus Estimate: $2.57 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.38$0.45$0.42
Q2 20164$0.63$0.69$0.66
Q3 20164$0.51$0.56$0.54
Q4 20164$0.51$0.60$0.57
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Garmin (NASDAQ:GRMN)
Annual Dividend:$2.04
Dividend Yield:4.21%
Payout Ratio:77.27% (Based on Trailing 12 Months of Earnings)
80.95% (Based on Current Year Consensus EPS Estimate)
79.38% (Based on Next Year Consensus EPS Estimate)

Dividend History for Garmin (NASDAQ:GRMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/14/2016Quarterly$0.519/13/20169/15/20169/30/2016
2/17/2016jun 16$0.516/14/20166/16/20166/30/2016
12/1/2015$0.513/11/20163/15/20163/31/2016
8/7/2015Quarterly$0.5112/11/201512/15/201512/31/2015
8/4/2015quarterly$0.519/11/20159/15/20159/30/2015
6/5/2015quarterly$0.516/12/20156/16/20156/30/2015
9/8/2014$0.4812/11/201412/15/201412/31/2014
10/31/2014quarterly$0.483/12/20153/16/20153/31/2015
9/8/2014quarterly$0.489/11/20149/15/20149/30/2014
6/6/2014quarterly$0.486/13/20146/17/20146/30/2014
2/19/2014$0.453/13/20143/17/20143/31/2014
10/28/2013$0.4512/12/201312/16/201312/31/2013
2/20/2013quarterly$0.456/18/20136/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Garmin (NASDAQ:GRMN)
Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 35.75%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/19/2016Danny J. BartelVPSell786$54.53$42,860.58View SEC Filing  
8/17/2016Sean BiddlecombeInsiderSell425$54.52$23,171.00View SEC Filing  
8/15/2016Philip StraubVPSell1,084$55.36$60,010.24View SEC Filing  
8/4/2016Clifton A. PembleInsiderSell1,429$55.00$78,595.00View SEC Filing  
8/3/2016Andrew R. EtkindVPSell1,046$54.90$57,425.40View SEC Filing  
5/11/2016Pao-Chang HuangInsiderSell7,200$40.68$292,896.00View SEC Filing  
12/4/2015Philip StraubDirectorSell1,914$37.92$72,578.88View SEC Filing  
11/11/2015Danny J. BartelVPSell1,125$37.74$42,457.50View SEC Filing  
8/21/2015Donald EllerDirectorSell70,000$39.00$2,730,000.00View SEC Filing  
5/29/2015Philip StraubDirectorSell4,243$45.97$195,050.71View SEC Filing  
11/19/2014Sean BiddlecombeDirectorSell2,053$58.38$119,854.14View SEC Filing  
8/20/2014Philip StraubDirectorSell8,000$57.50$460,000.00View SEC Filing  
8/18/2014Joseph J HartnettDirectorBuy1,000$55.94$55,940.00View SEC Filing  
8/12/2014Danny J BartelVPSell10,000$55.52$555,200.00View SEC Filing  
5/23/2014Pao-Chang HuangInsiderSell16,000$57.26$916,160.00View SEC Filing  
3/12/2014Brian James PokornyInsiderSell6,951$53.70$373,268.70View SEC Filing  
3/5/2014Philip StraubDirectorSell4,003$54.57$218,443.71View SEC Filing  
2/28/2014Kevin RauckmanCFOSell5,981$53.65$320,880.65View SEC Filing  
2/21/2014Sean BiddlecombeDirectorSell2,117$51.86$109,787.62View SEC Filing  
8/9/2012Philip StraubDirectorSell10,000$41.42$414,200.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Garmin (NASDAQ:GRMN)
DateHeadline
finance.yahoo.com logoUpgrade Your Road Bike With These Four Smart Gadgets (NASDAQ:GRMN)
finance.yahoo.com - September 23 at 10:19 AM
bizjournals.com logoGarmin cycling computers get upgrades (NASDAQ:GRMN)
www.bizjournals.com - September 22 at 5:24 PM
News IconGarmin Ltd. to Issue Dividend of $0.51 (GRMN) - Daily Quint ... - DailyQuint (NASDAQ:GRMN)
dailyquint.com - September 22 at 8:23 AM
fool.com logoBetter Buy: GoPro Inc. vs. Garmin Ltd. (NASDAQ:GRMN)
www.fool.com - September 21 at 9:32 AM
publicnow.com logoGarmin® announces cycling updates at Interbike (NASDAQ:GRMN)
www.publicnow.com - September 21 at 9:32 AM
News IconInvestment That Totally Worth It: Infosys Limited (NYSE:INFY), Garmin Ltd. (NASDAQ:GRMN) - Street Wise Report (press release) (blog) (NASDAQ:GRMN)
streetwisereport.com - September 20 at 10:25 AM
capitalcube.com logoETF’s with exposure to Garmin Ltd. : September 19, 2016 (NASDAQ:GRMN)
www.capitalcube.com - September 19 at 5:24 PM
News IconEarnings According to Analysts for Garmin Ltd. (NASDAQ:GRMN)? - Frisco Fastball (NASDAQ:GRMN)
friscofastball.com - September 19 at 9:55 AM
News IconStock Tracker: Earnings & Estimates for Garmin Ltd. (NASDAQ:GRMN) - Frisco Fastball (NASDAQ:GRMN)
friscofastball.com - September 18 at 9:50 AM
fool.com logoBetter Buy: Fitbit Inc. vs. Garmin Ltd. (NASDAQ:GRMN)
www.fool.com - September 17 at 7:21 PM
News IconAnalysts Take the Wheel on Garmin Ltd. (NASDAQ:GRMN) Shares ... - Frisco Fastball (NASDAQ:GRMN)
friscofastball.com - September 17 at 5:02 PM
News IconShares in Focus: Garmin Ltd. (NASDAQ:GRMN) Earnings & Targets ... - Frisco Fastball (NASDAQ:GRMN)
friscofastball.com - September 16 at 5:09 PM
forbes.com logoGarmin is Oversold (NASDAQ:GRMN)
www.forbes.com - September 16 at 11:54 AM
uk.finance.yahoo.com logoOn BizWireTV: The Era of Streaming Apps is Upon Us and Apple Breaks Records at T-Mobile (NASDAQ:GRMN)
uk.finance.yahoo.com - September 16 at 9:11 AM
News IconWhat is the Street Saying About Garmin Ltd. (NASDAQ:GRMN)? - Frisco Fastball (NASDAQ:GRMN)
friscofastball.com - September 15 at 8:22 AM
forbes.com logoGRMN Crosses Above Average Analyst Target (NASDAQ:GRMN)
www.forbes.com - September 14 at 9:33 AM
forbes.com logoGRMN Crosses Above Average Analyst Target - Forbes (NASDAQ:GRMN)
www.forbes.com - September 13 at 10:05 AM
nasdaq.com logoGarmin Ltd. (GRMN) Ex-Dividend Date Scheduled for September 13, 2016 - Nasdaq (NASDAQ:GRMN)
www.nasdaq.com - September 13 at 10:05 AM
benzinga.com logoGarmin Sells Off After Apple Launches 'Swim Proof' Apple Watch Series 2 - Benzinga (NASDAQ:GRMN)
www.benzinga.com - September 8 at 5:11 PM
publicnow.com logoIntroducing Delta Smart: Groundbreaking Smartphone-Based Training and Activity Tracking for Dogs (NASDAQ:GRMN)
www.publicnow.com - September 8 at 9:11 AM
finance.yahoo.com logoThe Latest: What Apple didn't say at its product event (NASDAQ:GRMN)
finance.yahoo.com - September 7 at 5:29 PM
feeds.benzinga.com logoGarmin Sells Off After Apple Launches 'Swim Proof' Apple Watch Series 2 (NASDAQ:GRMN)
feeds.benzinga.com - September 7 at 3:15 PM
News IconGarmin unveils VIRB Ultra 30: A best-in-class Ultra HD 4K action camera with exclusive features (NASDAQ:GRMN)
www.cbs58.com - September 2 at 10:09 AM
capitalcube.com logoGarmin Ltd. breached its 50 day moving average in a Bearish Manner : GRMN-US : September 2, 2016 (NASDAQ:GRMN)
www.capitalcube.com - September 2 at 10:09 AM
publicnow.com logoGarmin® Confirms September 30 Dividend Payment (NASDAQ:GRMN)
www.publicnow.com - September 1 at 5:12 PM
News IconInvestor's Watch List: Garmin Ltd. (NASDAQ:GRMN), Akamai Technologies, Inc. (NASDAQ:AKAM), Randgold ... - NYSE Journal (press release) (NASDAQ:GRMN)
stockznews.com - September 1 at 8:13 AM
investopedia.com logoGoPro Faces New Threat from Copycats (NASDAQ:GRMN)
www.investopedia.com - September 1 at 8:13 AM
publicnow.com logoGarmin® introduces the Forerunner® 35, adds built-in Elevate™ wrist-based heart rate to an easy-to-use GPS running watch (NASDAQ:GRMN)
www.publicnow.com - August 31 at 10:01 AM
publicnow.com logoGarmin® unveils VIRB® Ultra 30: A best-in-class Ultra HD 4K action camera with exclusive features (NASDAQ:GRMN)
www.publicnow.com - August 31 at 10:01 AM
News IconPre-Movers Stocks In Imitation: Microsoft (NASDAQ:MSFT), Garmin ... - Street Wise Report (press release) (blog) (NASDAQ:GRMN)
streetwisereport.com - August 30 at 5:23 PM
News IconIntraday Movers: Garmin Ltd.(NASDAQ:GRMN), Kimco Realty Corp (NYSE:KIM), CME Group Inc (NASDAQ:CME) - NYSE Journal (press release) (NASDAQ:GRMN)
stockznews.com - August 30 at 5:23 PM
fool.com logo3 Stocks to Buy with Dividends Yielding More than 3% (NASDAQ:GRMN)
www.fool.com - August 30 at 5:00 PM
publicnow.com logoGarmin® G5000™ Integrated Flight Deck receives STC for Beechjet 400A/Hawker 400XP (NASDAQ:GRMN)
www.publicnow.com - August 30 at 8:25 AM
rttnews.com logoGarmin Issues Update On ITC Order In Patent Investigation - Quick Facts (NASDAQ:GRMN)
www.rttnews.com - August 29 at 5:13 PM
News IconGarmin Responds to ITC Patent Investigation (NASDAQ:GRMN)
www.scout.com - August 29 at 5:13 PM
News IconGarmin® responds to misleading statements from Navico in the ITC patent investigation (NASDAQ:GRMN)
ih.advfn.com - August 29 at 5:13 PM
benzinga.com logoGarmin Says New Titled Transducer Design Issue Is Still Pending In Court - Benzinga (NASDAQ:GRMN)
www.benzinga.com - August 29 at 9:53 AM
finance.yahoo.com logoGarmin (GRMN) Looks to Expand Headquarters at Olathe (NASDAQ:GRMN)
finance.yahoo.com - August 29 at 9:53 AM
feeds.benzinga.com logoGarmin Says New Titled Transducer Design Issue Is Still Pending In Court (NASDAQ:GRMN)
feeds.benzinga.com - August 29 at 9:30 AM
sg.finance.yahoo.com logoGarmin announces major expansion at Olathe headquarters (NASDAQ:GRMN)
sg.finance.yahoo.com - August 27 at 9:52 AM
investors.com logoFacebook, Netflix, Square, Fitbit Headline Insider Sales (NASDAQ:GRMN)
www.investors.com - August 27 at 9:52 AM
seekingalpha.com logoGarmin sets $200M expansion for Kansas campus - Seeking Alpha (NASDAQ:GRMN)
seekingalpha.com - August 26 at 5:09 PM
News IconNews Buzz: Incyte Corporation (NASDAQ:INCY), Garmin Ltd. (NASDAQ:GRMN) - NYSE Journal (press release) (NASDAQ:GRMN)
stockznews.com - August 26 at 5:09 PM
publicnow.com logoGarmin® to embark on $200 million campus expansion (NASDAQ:GRMN)
www.publicnow.com - August 26 at 5:09 PM
seekingalpha.com logoGarmin sets $200M expansion for Kansas campus (NASDAQ:GRMN)
seekingalpha.com - August 26 at 10:46 AM
News IconNews Analysis Report: Garmin Ltd. (NASDAQ:GRMN), Amgen, Inc.(NASDAQ:AMGN) - NYSE Journal (press release) (NASDAQ:GRMN)
stockznews.com - August 26 at 8:15 AM
News IconGarmin Ltd. (NASDAQ: GRMN) Downgraded at Goldman Sachs Group Inc. - BNB Daily (blog) (NASDAQ:GRMN)
www.baseball-news-blog.com - August 26 at 8:15 AM
benzinga.com logoGarmin's High Fitness, Outdoor Expectations Are Already Priced In; Morgan Cuts Target To $46 - Benzinga (NASDAQ:GRMN)
www.benzinga.com - August 26 at 8:15 AM
bizjournals.com logoGarmin kicks off $200M expansion of Olathe campus (NASDAQ:GRMN)
www.bizjournals.com - August 26 at 8:15 AM
finance.yahoo.com logoGarmin's High Fitness, Outdoor Expectations Are Already Priced In; Morgan Cuts Target To $46 (NASDAQ:GRMN)
finance.yahoo.com - August 25 at 5:19 PM

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Garmin (NASDAQ:GRMN) Chart for Saturday, September, 24, 2016


Last Updated on 9/24/2016 by MarketBeat.com Staff