Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It 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 to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in fitness and activity tracking. Its aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles and unmanned aerial vehicles.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Scientific & Technical Instruments
- Sub-Industry: Consumer Electronics
- Symbol: NASDAQ:GRMN
- CUSIP: H2906T10
- Web: www.garmin.com
Capitalization:- Market Cap: $9.86 billion
- Outstanding Shares: 188,156,000
Average Prices:- 50 Day Moving Avg: $51.06
- 200 Day Moving Avg: $50.64
- 52 Week Range: $39.29 - $56.19
P/E:- Trailing P/E Ratio: 14.97
- Foreward P/E Ratio: 19.12
- P/E Growth: 5.02
Sales & Book Value:- Annual Revenue: $3.03 billion
- Price / Sales: 3.25
- Book Value: $19.67 per share
- Price / Book: 2.66
Dividend:- Annual Dividend: $2.04
- Dividend Yield: 3.9%
Profitability:- EBIDTA: $724.33 million
- Net Margins: 17.24%
- Return on Equity: 16.15%
- Return on Assets: 11.97%
Debt:- Current Ratio: 2.44%
- Quick Ratio: 1.86%
Misc:- Average Volume: 1.03 million shs.
- Beta: 0.86
- Short Ratio: 9.99
Frequently Asked Questions for Garmin (NASDAQ:GRMN)
What is Garmin's stock symbol?
Garmin trades on the NASDAQ under the ticker symbol "GRMN."
How often does Garmin pay dividends? What is the dividend yield for Garmin?
Garmin announced a quarterly dividend on Monday, June 20th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.51 per share on Friday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, March 13th. View Garmin's Dividend History.
How were Garmin's earnings last quarter?
Garmin Ltd. (NASDAQ:GRMN) announced its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.45 by $0.07. The firm had revenue of $638.50 million for the quarter, compared to the consensus estimate of $629.11 million. Garmin had a net margin of 17.24% and a return on equity of 16.15%. Garmin's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. View Garmin's Earnings History.
What guidance has Garmin issued on next quarter's earnings?
Garmin updated its FY17 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.66. The company issued revenue guidance of $3.02 billion, compared to the consensus revenue estimate of $3.02 billion.
Where is Garmin's stock going? Where will Garmin's stock price be in 2017?
10 brokers have issued twelve-month target prices for Garmin's stock. Their forecasts range from $43.00 to $54.00. On average, they anticipate Garmin's stock price to reach $48.60 in the next twelve months. View Analyst Ratings for Garmin.
Are investors shorting Garmin?
Garmin saw a increase in short interest in April. As of April 13th, there was short interest totalling 16,588,734 shares, an increase of 2.4% from the March 31st total of 16,206,904 shares. Based on an average daily trading volume, of 877,717 shares, the days-to-cover ratio is currently 18.9 days.
Who are some of Garmin's key competitors?
Some companies that are related to Garmin include Trimble (TRMB), Cognex (CGNX), Allegion PLC (ALLE), Sensata Technologies Holding (ST), Keysight Technologies (KEYS), Coherent (COHR), FLIR Systems (FLIR), Teledyne Technologies Incorporated (TDY), MKS Instruments (MKSI), Itron (ITRI), II-VI (IIVI), ESCO Technologies (ESE), Cubic (CUB), Fitbit (FIT), Badger Meter (BMI), MTS Systems (MTSC), Rudolph Technologies (RTEC) and FARO Technologies (FARO).
Who owns Garmin stock?
Garmin's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.79%), Vanguard Group Inc. (5.53%), State Street Corp (3.34%), Janus Capital Management LLC (0.96%), Schroder Investment Management Group (0.84%) and Geode Capital Management LLC (0.67%). Company insiders that own Garmin stock include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Donald Eller, Jonathan Burrell, Pao-Chang Huang, Philip Straub and Sean Biddlecombe. View Institutional Ownership Trends for Garmin.
Who sold Garmin stock? Who is selling Garmin stock?
Garmin's stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Cornerstone Capital Management Holdings LLC., Vanguard Group Inc., Wells Fargo & Company MN, Bank of New York Mellon Corp, Los Angeles Capital Management & Equity Research Inc., Teacher Retirement System of Texas and Acadian Asset Management LLC. Company insiders that have sold Garmin stock in the last year include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Jonathan Burrell, Philip Straub and Sean Biddlecombe. View Insider Buying and Selling for Garmin.
Who bought Garmin stock? Who is buying Garmin stock?
Garmin's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, WINTON GROUP Ltd, UBS Asset Management Americas Inc., Todd Asset Management LLC, Teachers Retirement System of The State of Kentucky, American Century Companies Inc. and State Street Corp. View Insider Buying and Selling for Garmin.
How do I buy Garmin stock?
Shares of Garmin can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Garmin stock cost?
One share of Garmin stock can currently be purchased for approximately $52.40.
Earnings History for Garmin (NASDAQ:GRMN)Earnings History by Quarter for Garmin (NASDAQ:GRMN)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/3/2017 | 3/31/2017 | $0.45 | $0.52 | $629.11 million | $638.50 million | View | Listen |  |
| 2/22/2017 | Q416 | $0.58 | $0.73 | $794.86 million | $861.00 million | View | Listen | |
| 10/26/2016 | Q316 | $0.54 | $0.75 | $679.73 million | $722.00 million | View | Listen | |
| 7/27/2016 | Q216 | $0.67 | $0.87 | $763.37 million | $812.00 million | View | Listen | |
| 4/27/2016 | Q116 | $0.42 | $0.49 | $585.91 million | $624.00 million | View | Listen | |
| 2/17/2016 | Q415 | $0.48 | $0.74 | $759.10 million | $781.00 million | View | Listen | |
| 10/28/2015 | Q315 | $0.55 | $0.51 | $705.06 million | $680.00 million | View | Listen | |
| 7/29/2015 | Q215 | $0.72 | $0.72 | $773.11 million | $774.00 million | View | Listen | |
| 4/29/2015 | Q115 | $0.58 | $0.55 | $606.63 million | $585.00 million | View | N/A | |
| 2/18/2015 | Q414 | $0.78 | $0.77 | $789.90 million | $803.30 million | View | N/A | |
| 10/29/2014 | Q314 | $0.72 | $0.76 | $677.35 million | $706.00 million | View | N/A | |
| 7/30/2014 | Q214 | $0.75 | $1.02 | $709.25 million | $778.00 million | View | N/A | |
| 4/30/2014 | Q114 | $0.44 | $0.55 | $541.00 million | $583.00 million | View | N/A | |
| 2/19/2014 | Q413 | $0.62 | $0.76 | $712.78 million | $760.00 million | View | N/A | |
| 10/30/2013 | Q313 | $0.58 | $0.69 | $628.50 million | $644.00 million | View | N/A | |
| 7/31/2013 | Q2 2013 | $0.65 | $0.76 | $665.84 million | $697.00 million | View | N/A | |
| 5/1/2013 | Q1 2013 | $0.41 | $0.40 | $518.64 million | $532.00 million | View | N/A | |
| 2/20/2013 | Q4 2012 | $0.73 | $0.68 | $833.43 million | $769.00 million | View | N/A | |
| 10/31/2012 | | $0.61 | $0.74 | | | View | N/A | |
| 8/1/2012 | | $0.66 | $0.98 | | | View | N/A | |
| 5/2/2012 | | $0.41 | $0.45 | | | View | N/A | |
| 2/22/2012 | | $0.65 | $0.96 | | | View | N/A | |
| 11/2/2011 | | $0.49 | $0.71 | | | View | N/A | |
| 8/3/2011 | | $0.67 | $0.63 | | | View | N/A | |
| 5/4/2011 | | $0.33 | $0.43 | | | View | N/A | |
| 2/23/2011 | | $0.88 | $0.83 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Garmin (NASDAQ:GRMN)2017 EPS Consensus Estimate: $2.60
2018 EPS Consensus Estimate: $2.60
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.44 | $0.46 | $0.45 |
| Q2 2017 | 2 | $0.82 | $0.83 | $0.83 |
| Q3 2017 | 2 | $0.62 | $0.65 | $0.64 |
| Q4 2017 | 2 | $0.67 | $0.70 | $0.69 |
| Q1 2018 | 1 | $0.46 | $0.46 | $0.46 |
| Q2 2018 | 1 | $0.80 | $0.80 | $0.80 |
| Q3 2018 | 1 | $0.63 | $0.63 | $0.63 |
| Q4 2018 | 1 | $0.71 | $0.71 | $0.71 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Garmin (NASDAQ:GRMN)| Most Recent Dividend: | 3/31/2017 |
| Annual Dividend: | $2.04 |
| Dividend Yield: | 3.89% |
| Payout Ratio: | 76.40% (Trailing 12 Months of Earnings)
75.84% (Based on This Year's Estimates)
74.45% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Garmin (NASDAQ:GRMN)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 6/20/2016 | Quarterly | $0.51 | | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 6/14/2016 | Quarterly | $0.51 | | 12/12/2016 | 12/14/2016 | 12/30/2016 |
| 6/14/2016 | Quarterly | $0.51 | | 9/13/2016 | 9/15/2016 | 9/30/2016 |
| 2/17/2016 | jun 16 | $0.51 | | 6/14/2016 | 6/16/2016 | 6/30/2016 |
| 12/1/2015 | | $0.51 | | 3/11/2016 | 3/15/2016 | 3/31/2016 |
| 8/7/2015 | Quarterly | $0.51 | | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 8/4/2015 | quarterly | $0.51 | | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 6/5/2015 | quarterly | $0.51 | | 6/12/2015 | 6/16/2015 | 6/30/2015 |
| 9/8/2014 | | $0.48 | | 12/11/2014 | 12/15/2014 | 12/31/2014 |
| 10/31/2014 | quarterly | $0.48 | | 3/12/2015 | 3/16/2015 | 3/31/2015 |
| 9/8/2014 | quarterly | $0.48 | | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 6/6/2014 | quarterly | $0.48 | | 6/13/2014 | 6/17/2014 | 6/30/2014 |
| 2/19/2014 | | $0.45 | | 3/13/2014 | 3/17/2014 | 3/31/2014 |
| 10/28/2013 | | $0.45 | | 12/12/2013 | 12/16/2013 | 12/31/2013 |
| 2/20/2013 | quarterly | $0.45 | | | 6/18/2013 | 6/28/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Garmin (NASDAQ:GRMN)Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 37.39%
Insider Trades by Quarter for Garmin (NASDAQ:GRMN)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/26/2017 | Jonathan Burrell | Major Shareholder | Sell | 100,000 | $52.46 | $5,246,000.00 | |
| 2/22/2017 | Andrew R. Etkind | VP | Sell | 6,524 | $54.57 | $356,014.68 | |
| 12/16/2016 | Andrew R. Etkind | VP | Sell | 2,116 | $49.55 | $104,847.80 | |
| 11/25/2016 | Clifton A. Pemble | Insider | Sell | 175 | $52.50 | $9,187.50 | |
| 8/19/2016 | Danny J. Bartel | VP | Sell | 786 | $54.53 | $42,860.58 | |
| 8/17/2016 | Sean Biddlecombe | Insider | Sell | 425 | $54.52 | $23,171.00 | |
| 8/15/2016 | Philip Straub | VP | Sell | 1,084 | $55.36 | $60,010.24 | |
| 8/4/2016 | Clifton A. Pemble | Insider | Sell | 1,429 | $55.00 | $78,595.00 | |
| 8/3/2016 | Andrew R. Etkind | VP | Sell | 1,046 | $54.90 | $57,425.40 | |
| 5/11/2016 | Pao-Chang Huang | Insider | Sell | 7,200 | $40.68 | $292,896.00 | |
| 12/4/2015 | Philip Straub | Director | Sell | 1,914 | $37.92 | $72,578.88 | |
| 11/11/2015 | Danny J. Bartel | VP | Sell | 1,125 | $37.74 | $42,457.50 | |
| 8/21/2015 | Donald Eller | Director | Sell | 70,000 | $39.00 | $2,730,000.00 | |
| 5/29/2015 | Philip Straub | Director | Sell | 4,243 | $45.97 | $195,050.71 | |
| 11/19/2014 | Sean Biddlecombe | Director | Sell | 2,053 | $58.38 | $119,854.14 | |
| 8/20/2014 | Philip Straub | Director | Sell | 8,000 | $57.50 | $460,000.00 | |
| 8/18/2014 | Joseph J Hartnett | Director | Buy | 1,000 | $55.94 | $55,940.00 | |
| 8/12/2014 | Danny J Bartel | VP | Sell | 10,000 | $55.52 | $555,200.00 | |
| 5/23/2014 | Pao-Chang Huang | Insider | Sell | 16,000 | $57.26 | $916,160.00 | |
| 3/12/2014 | Brian James Pokorny | Insider | Sell | 6,951 | $53.70 | $373,268.70 | |
| 3/5/2014 | Philip Straub | Director | Sell | 4,003 | $54.57 | $218,443.71 | |
| 2/28/2014 | Kevin Rauckman | CFO | Sell | 5,981 | $53.65 | $320,880.65 | |
| 2/21/2014 | Sean Biddlecombe | Director | Sell | 2,117 | $51.86 | $109,787.62 | |
| 8/9/2012 | Philip Straub | Director | Sell | 10,000 | $41.42 | $414,200.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Garmin (NASDAQ:GRMN)
Latest Headlines for Garmin (NASDAQ:GRMN)
| Source: |
|
| Date | Headline |
|---|
 | Garmin Ltd. (GRMN) to Appeal ITC Initial Determination Related to ... - StreetInsider.com
www.streetinsider.com - May 27 at 5:54 PM |
 | Insider Selling: Garmin Ltd. (GRMN) Major Shareholder Sells 100,000 Shares of Stock
www.americanbankingnews.com - May 26 at 7:20 PM |
| Garmin Ltd. (GRMN) to Appeal ITC Initial Determination Related to Sale of Sonar Products
www.streetinsider.com - May 26 at 6:12 PM |
 | Garmin® to appeal ITC initial determination
finance.yahoo.com - May 26 at 6:12 PM |
| Brokerages Expect Garmin Ltd. (GRMN) Will Announce Quarterly Sales of $803.69 Million
www.americanbankingnews.com - May 26 at 11:57 AM |
| Garmin Ltd. (GRMN) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 26 at 7:53 AM |
| Introducing the VIRB® 360: An immersive 360-degree 5.7K camera experience from Garmin®
finance.yahoo.com - May 24 at 11:54 AM |
| Post Earnings Coverage as Garmin's Quarterly GAAP EPS More than Doubled
finance.yahoo.com - May 22 at 11:12 AM |
| ETFs with exposure to Garmin Ltd. : May 18, 2017
finance.yahoo.com - May 19 at 9:45 AM |
| Garmin Ltd. breached its 50 day moving average in a Bearish Manner : GRMN-US : May 19, 2017
finance.yahoo.com - May 19 at 9:45 AM |
 | Introducing the Garmin® Head-up Display (GHD) system for ... - Business Wire (press release)
www.businesswire.com - May 17 at 10:32 PM |
| Introducing the Garmin® Head-up Display (GHD) system for integrated flight decks
finance.yahoo.com - May 17 at 5:31 PM |
| Garmin Ltd. :GRMN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
finance.yahoo.com - May 17 at 10:23 AM |
| Garmin Takes Over Active Corp to Expand Marine Offerings
finance.yahoo.com - May 16 at 11:28 AM |
 | Noteworthy Monday Option Activity: PH, GRMN, WHR
www.nasdaq.com - May 15 at 5:07 PM |
 | Garmin hauls in crowd-sourced boater database company
www.bizjournals.com - May 12 at 6:11 PM |
| Garmin (GRMN) Acquires Active Corporation
www.streetinsider.com - May 11 at 11:10 PM |
 | Garmin Acquires Active Corporation For Marine Database
seekingalpha.com - May 11 at 11:10 PM |
| Garmin (GRMN) Acquires Active Corporation - StreetInsider.com
www.streetinsider.com - May 11 at 6:09 PM |
| Garmin® acquires Active Corporation, Developer of a leading electronic marine database
finance.yahoo.com - May 11 at 6:09 PM |
| What an Immigrant's Murder in Kansas Says About the U.S.
finance.yahoo.com - May 11 at 6:08 PM |
| Garmin® Dash Cam™ 65W arrives with a 180-degree field of view
finance.yahoo.com - May 10 at 11:49 AM |
| Introducing the Garmin eLog™, a subscription-free, FMCSA-compliant ELD for truck drivers
finance.yahoo.com - May 10 at 11:49 AM |
 | 4 Companies that Could Eat Fitbit's Lunch
www.fool.com - May 9 at 12:58 PM |
| Garmin® adds autopilot control, ability to mark MFD waypoints and more to its new quatix® 5 marine GPS smartwatch series
finance.yahoo.com - May 9 at 12:46 PM |
| 4 Companies that Could Eat Fitbit's Lunch
finance.yahoo.com - May 9 at 12:46 PM |
| Garmin Ltd. (GRMN) Downgraded by Zacks Investment Research
www.americanbankingnews.com - May 8 at 3:34 PM |
| Garmin Ltd. Expected to Earn Q2 2017 Earnings of $0.83 Per Share (GRMN)
www.americanbankingnews.com - May 8 at 8:21 AM |
| JPMorgan Chase & Co. Lowers Garmin Ltd. (GRMN) to Underweight
www.americanbankingnews.com - May 7 at 1:36 PM |
| Somewhat Favorable News Coverage Very Likely to Impact Garmin (GRMN) Share Price
www.americanbankingnews.com - May 6 at 12:52 AM |
| Garmin offsets 'sharp decline' in activity trackers with smartwatch sales
finance.yahoo.com - May 5 at 5:43 PM |
| Q2 2017 EPS Estimates for Garmin Ltd. (GRMN) Cut by Analyst
www.americanbankingnews.com - May 5 at 8:54 AM |
| Goldman Sachs Group Inc Reaffirms Neutral Rating for Garmin Ltd. (GRMN)
www.americanbankingnews.com - May 4 at 11:48 PM |
| Garmin Ltd. (GRMN) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - May 4 at 11:30 PM |
| Garmin Ltd. (GRMN) Receives "Underperform" Rating from Bank of America Corp
www.americanbankingnews.com - May 4 at 11:28 PM |
| Earnings Reaction History: Garmin Ltd., 30.0% Follow-Through Indicator, 4.9% Sensitive - Nasdaq
www.nasdaq.com - May 4 at 10:42 PM |
 | Garmin Outlook Called 'Bleak,' Expected To Underperform Remainder Of 2017 - Benzinga
www.benzinga.com - May 4 at 10:42 PM |
| Garmin Ltd. (GRMN) PT Raised to $54 at Goldman Sachs - StreetInsider.com
www.streetinsider.com - May 4 at 10:42 PM |
| Garmin Outlook Called 'Bleak,' Expected To Underperform Remainder Of 2017
finance.yahoo.com - May 4 at 5:42 PM |
| Edited Transcript of GRMN earnings conference call or presentation 3-May-17 2:30pm GMT
finance.yahoo.com - May 4 at 12:03 PM |
| Garmin (GRMN) Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 10:19 PM |
| Garmin Ltd. (GRMN) Tops Q1 EPS by 7c, Beats on Revenues; Maintains FY17 Guidance
www.streetinsider.com - May 3 at 5:18 PM |
| Garmin Reports First Quarter Revenue and Earnings Growth
finance.yahoo.com - May 3 at 5:18 PM |
| Investor Network: Garmin Ltd. to Host Earnings Call
finance.yahoo.com - May 3 at 5:18 PM |
| Garmin's (GRMN) Q1 Earnings and Revenues Beat Estimates
finance.yahoo.com - May 3 at 5:18 PM |
| Apple Watch Sales Mystery: How Many Did Company Sell In Q2?
finance.yahoo.com - May 3 at 5:18 PM |
| Garmin (GRMN) Q1 Earnings, Revenues Surpass Estimates
finance.yahoo.com - May 3 at 5:18 PM |
| Garmin -2% as drop in fitness-related sales spurs concerns
seekingalpha.com - May 3 at 2:02 PM |
| Garmin Ltd. (GRMN) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS
www.americanbankingnews.com - May 3 at 1:01 PM |
| Brokerages Anticipate Garmin Ltd. (GRMN) Will Announce Quarterly Sales of $633.53 Million
www.americanbankingnews.com - May 3 at 1:01 PM |
Garmin (GRMN) Chart for Sunday, May, 28, 2017
