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: $48.60
  • 50 Day Moving Average: $48.24
  • 200 Day Moving Average: $45.79
  • 52-Week Range: $30.93 - $56.19
  • Trailing P/E Ratio: 18.47
  • Foreward P/E Ratio: 18.98
  • P/E Growth: 2.84
  • Market Cap: $9.18B
  • Outstanding Shares: 188,876,000
  • Beta: 0.83
  • Net Margins: 17.29%
  • Return on Equity: 14.97%
  • Return on Assets: 11.11%
  • 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, 9 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.93)
Consensus Price Target: $38.33 (21.12% downside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
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 10/22/2014 forward)


Earnings History for Garmin (NASDAQ:GRMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2016Q316$0.54$679.73 millionN/AView Earnings Details
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)


Earnings Estimates for Garmin (NASDAQ:GRMN)
Current Year EPS Consensus Estimate: $2.53 EPS
Next Year EPS Consensus Estimate: $2.56 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)


Current Dividend Information for Garmin (NASDAQ:GRMN)
Annual Dividend:$2.04
Dividend Yield:4.20%
Payout Ratio:77.27% (Based on Trailing 12 Months of Earnings)
80.63% (Based on Current Year Consensus EPS Estimate)
79.69% (Based on Next Year Consensus EPS Estimate)

Dividend History for Garmin (NASDAQ:GRMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/17/2016jun 16$0.516/14/20166/16/20166/30/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Garmin (NASDAQ:GRMN)
Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 35.69%
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)


Latest Headlines for Garmin (NASDAQ:GRMN)
DateHeadline logoGarmin (GRMN) Q3 Earnings: What's in the Cards this Time? (NASDAQ:GRMN) - October 21 at 5:24 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Near to Lift Curtain on December 2016 Earnings - The Voice Registrar (NASDAQ:GRMN) - October 21 at 8:25 AM
News IconGarmin Navigates Its Way to a Narrow Moat (NASDAQ:GRMN) - October 21 at 8:25 AM logoGarmin Ltd. : GRMN-US: Dividend Analysis : September 15th, 2016 (record date) : By the numbers : October 20, 2016 (NASDAQ:GRMN) - October 20 at 5:21 PM
News IconGarmin Ltd. (NASDAQ:GRMN) added about 4.3 percent in value since last earnings - The Independent Republic (NASDAQ:GRMN) - October 20 at 10:46 AM logoWhy GoPro Stopped Selling the Hero 5 on (NASDAQ:GRMN) - October 19 at 5:39 PM
News IconMost Active Stock: Garmin Ltd. (NASDAQ:GRMN) - FactsReporter (NASDAQ:GRMN) - October 17 at 10:18 AM
News IconLatest Analyst Ratings For Garmin Ltd. (NASDAQ:GRMN) - The De ... - The De Soto Edge (NASDAQ:GRMN) - October 16 at 5:08 PM
News IconUpdate on Garmin Ltd. (NASDAQ:GRMN) for the day (NASDAQ:GRMN) - October 15 at 10:04 AM
News IconAre Garmin Ltd. (NASDAQ:GRMN) Shares Headed Higher? - Recall News (NASDAQ:GRMN) - October 14 at 5:11 PM
News IconWhat are Analysts Expecting for Garmin Ltd. (NASDAQ:GRMN) Earnings? - CSZ News (NASDAQ:GRMN) - October 14 at 5:11 PM
News IconStock Momentum Curbed Pre-Bell, Gapping Down: Garmin Ltd. (NASDAQ:GRMN) - CSZ News (NASDAQ:GRMN) - October 14 at 8:23 AM logoGarmin Ltd. (NASDAQ:GRMN) EPS Target At $0.53? - Stocks Daily (NASDAQ:GRMN) - October 11 at 5:32 PM
News IconIt's Earnings Time: What to Do with Garmin Ltd. (NASDAQ:GRMN) Stock - The Voice Registrar (NASDAQ:GRMN) - October 11 at 5:32 PM
News IconGarmin Ltd. (NASDAQ:GRMN) missed earnings on 2 occasions - The Independent Republic (NASDAQ:GRMN) - October 8 at 9:54 AM
News IconGPSMAP 276Cx: Garmin announces an upgraded reinvention of the classic 276C (NASDAQ:GRMN) - October 7 at 5:11 PM
News IconGarmin Ltd. Can't Be More Safe. Option Traders Like It - Frisco Fastball (NASDAQ:GRMN) - October 6 at 9:01 AM logoKansas City's lone representative among the 400 richest Americans is ... (NASDAQ:GRMN) - October 6 at 9:01 AM logoCan Garmin Ltd. (NASDAQ:GRMN) Post EPS of $0.58? - Investor Newswire (NASDAQ:GRMN) - October 5 at 10:32 AM logoGarmin® updates a classic: Introducing the GPSMAP® 276Cx, a ... - Business Wire (press release) (NASDAQ:GRMN) - October 5 at 10:32 AM logoBetter Wearables Buy: Garmin vs. Fitbit (NASDAQ:GRMN) - October 4 at 2:15 PM logoGarmin® updates a classic: Introducing the GPSMAP® 276Cx, a versatile all-terrain GPS navigator (NASDAQ:GRMN) - October 4 at 10:06 AM logoGarmin Closes Iiyonet Acquisition, Expands Asian Presence (NASDAQ:GRMN) - October 4 at 10:06 AM logoGarmin Ltd.: GRMN Stock, a Solid Tech Play for Income Investors - Income Investors (NASDAQ:GRMN) - October 3 at 5:03 PM
News IconGarmin Ltd. Schedules Its Third Quarter 2016 Earnings Call (NASDAQ:GRMN) - October 1 at 10:40 AM logoCan Shares Of Garmin Ltd. (NASDAQ:GRMN) Hit $50? - Investor Newswire (NASDAQ:GRMN) - September 30 at 5:35 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Updated Broker Price Targets - The De Soto Edge (NASDAQ:GRMN) - September 30 at 5:35 PM
News IconGarmin Vivofit Jr. Kids Fitness Tracker Announced (NASDAQ:GRMN) - September 30 at 10:26 AM
News IconGarmin encourages kids to stay on the move with the launch of vívofit jr. (NASDAQ:GRMN) - September 30 at 10:26 AM
News IconGarmin® completes acquisition of Iiyonet, Inc. (NASDAQ:GRMN) - September 30 at 10:26 AM logo7:28 am Garmin completes acquisition of Iiyonet; terms not disclosed (NASDAQ:GRMN) - September 30 at 10:26 AM logoGarmin closes purchase of Japan distributor Iiyonet (NASDAQ:GRMN) - September 30 at 9:58 AM logoBRIEF-Garmin Co has completed acquisition of Iiyonet Inc (NASDAQ:GRMN) - September 30 at 8:25 AM logoBlue Christmas for Fitbit? (NASDAQ:GRMN) - September 29 at 5:11 PM logoGarmin makes first foray into kids' wearables (NASDAQ:GRMN) - September 29 at 5:11 PM
News IconGarmin Named NMEA Manufacturer of The Year (NASDAQ:GRMN) - September 29 at 10:20 AM
News IconIntroducing vívofit® jr. a daily activity tracker just for kids from Garmin® (NASDAQ:GRMN) - September 29 at 10:20 AM logoIntroducing vívofit® jr. – a daily activity tracker just for kids from Garmin® (NASDAQ:GRMN) - September 29 at 10:20 AM logoGarmin : reg; dominates NMEA awards with eight honors, including Manufacturer of the Year (NASDAQ:GRMN) - September 27 at 5:18 PM logoGarmin Moves Up In Market Cap Rank, Passing HanesBrands (NASDAQ:GRMN) - September 27 at 5:18 PM logoGarmin Is Gaining Favor After a Turbulent Period (NASDAQ:GRMN) - September 27 at 5:18 PM logoGarmin® dominates NMEA awards with eight honors, including Manufacturer of the Year - Business Wire (press release) (NASDAQ:GRMN) - September 27 at 9:54 AM logoGarmin® dominates NMEA awards with eight honors, including Manufacturer of the Year (NASDAQ:GRMN) - September 27 at 9:54 AM logoUpgrade Your Road Bike With These Four Smart Gadgets (NASDAQ:GRMN) - September 23 at 10:19 AM logoGarmin cycling computers get upgrades (NASDAQ:GRMN) - September 22 at 5:24 PM
News IconGarmin Ltd. to Issue Dividend of $0.51 (GRMN) - Daily Quint ... - DailyQuint (NASDAQ:GRMN) - September 22 at 8:23 AM logoBetter Buy: GoPro Inc. vs. Garmin Ltd. (NASDAQ:GRMN) - September 21 at 9:32 AM logoGarmin® announces cycling updates at Interbike (NASDAQ:GRMN) - 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) - September 20 at 10:25 AM logoETF’s with exposure to Garmin Ltd. : September 19, 2016 (NASDAQ:GRMN) - September 19 at 5:24 PM


Garmin (NASDAQ:GRMN) Chart for Saturday, October, 22, 2016

Last Updated on 10/22/2016 by Staff