Garmin Company Profile (NASDAQ:GRMN)

About Garmin (NASDAQ:GRMN)

Garmin logoGarmin 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: Communication & Satellite Equipment
  • Sub-Industry: Consumer Electronics
  • Symbol: NASDAQ:GRMN
  • CUSIP: H2906T10
  • Web:
  • Market Cap: $10.47 billion
  • Outstanding Shares: 187,703,000
Average Prices:
  • 50 Day Moving Avg: $53.37
  • 200 Day Moving Avg: $51.83
  • 52 Week Range: $46.80 - $55.87
  • Trailing P/E Ratio: 15.68
  • Foreward P/E Ratio: 19.58
  • P/E Growth: 4.56
Sales & Book Value:
  • Annual Revenue: $3.04 billion
  • Price / Sales: 3.45
  • Book Value: $18.56 per share
  • Price / Book: 3.01
  • Annual Dividend: $2.04
  • Dividend Yield: 3.9%
  • EBITDA: $726.79 million
  • Net Margins: 22.07%
  • Return on Equity: 15.55%
  • Return on Assets: 11.76%
  • Current Ratio: 2.48%
  • Quick Ratio: 1.92%
  • Average Volume: 958,175 shs.
  • Beta: 0.86
  • Short Ratio: 13.02

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 Wednesday, July 5th. Shareholders of record on Friday, September 15th will be given a dividend of $0.51 per share on Friday, September 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, September 14th. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.81 by $0.07. The company had revenue of $816.89 million for the quarter, compared to the consensus estimate of $806.67 million. Garmin had a return on equity of 15.55% and a net margin of 22.07%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. View Garmin's Earnings History.

When will Garmin make its next earnings announcement?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Garmin.

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

Garmin issued an update on its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of ~$2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68. The company issued revenue guidance of ~$3.04 billion, compared to the consensus revenue estimate of $3.01 billion.

Where is Garmin's stock going? Where will Garmin's stock price be in 2017?

8 equities research analysts have issued 12 month target prices for Garmin's shares. Their forecasts range from $50.00 to $60.00. On average, they expect Garmin's share price to reach $52.80 in the next year. View Analyst Ratings for Garmin.

Who are some of Garmin's key competitors?

Who are Garmin's key executives?

Garmin's management team includes the folowing people:

  • Min H. Kao, Executive Chairman of the Board
  • Clifton A. Pemble, President, Chief Executive Officer, Director
  • Douglas G. Boessen, Chief Financial Officer, Treasurer
  • Andrew R. Etkind, Vice President, General Counsel, Secretary
  • Donald H. Eller, Independent Director
  • Joseph J. Hartnett CPA, Independent Director
  • Charles W. Peffer, Independent Director
  • Thomas P. Poberezny, Independent Director
  • Rebecca R. Tilden, Independent Director

Who owns Garmin stock?

Garmin's stock is owned by many different of institutional and retail investors. Top institutional investors include BURRELL JONATHAN (14.80%), BURRELL JONATHAN (14.70%), BURRELL JONATHAN (14.70%), BURRELL JONATHAN (14.70%), BURRELL JONATHAN (14.50%) and Robeco Institutional Asset Management B.V. (0.86%). Company insiders that own Garmin stock include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Jonathan Burrell, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View Institutional Ownership Trends for Garmin.

Who bought Garmin stock? Who is buying Garmin stock?

Garmin's stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Robeco Institutional Asset Management B.V. and Assenagon Asset Management S.A.. 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.

What is Garmin's stock price today?

One share of Garmin stock can currently be purchased for approximately $55.80.

MarketBeat Community Rating for Garmin (NASDAQ GRMN)
Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  190 (Vote Outperform)
Underperform Votes:  472 (Vote Underperform)
Total Votes:  662
MarketBeat's community ratings are surveys of what our community members think about Garmin and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Garmin (NASDAQ:GRMN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 4 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $52.80 (5.38% downside)
Consensus Price Target History for Garmin (NASDAQ:GRMN)
Price Target History for Garmin (NASDAQ:GRMN)
Analysts' Ratings History for Garmin (NASDAQ:GRMN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/8/2017Oppenheimer Holdings, Inc.Reiterated RatingOutperform -> Market PerformLowView Rating Details
8/3/2017Longbow ResearchReiterated RatingBuyLowView Rating Details
7/31/2017Morgan StanleySet Price TargetHold$47.00 -> $50.00LowView Rating Details
7/10/2017Tigress FinancialReiterated RatingBuyLowView Rating Details
5/4/2017Bank of America CorporationBoost Price TargetUnderperform$47.00 -> $50.00LowView Rating Details
5/4/2017Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$52.00 -> $54.00HighView Rating Details
5/4/2017J P Morgan Chase & CoDowngradeNeutral -> Underweight$55.00 -> $50.00HighView Rating Details
12/29/2016KeyCorpReiterated RatingEqual WeightN/AView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$43.00N/AView Rating Details
8/22/2016Citigroup Inc.DowngradeMarket PerformN/AView Rating Details
4/19/2016Pacific CrestReiterated RatingSector PerformN/AView Rating Details
2/20/2016Needham & Company LLCReiterated RatingHoldN/AView Rating Details
2/18/2016Robert W. BairdBoost Price TargetNeutral$39.00 -> $40.00N/AView Rating Details
2/18/2016Credit Suisse GroupBoost Price TargetUnderperform$32.00 -> $36.00N/AView Rating Details
12/30/2015Dougherty & CoReiterated RatingNeutralN/AView Rating Details
11/19/2015Royal Bank Of CanadaReiterated RatingOutperform$40.00N/AView Rating Details
(Data available from 10/20/2015 forward)


Earnings History for Garmin (NASDAQ:GRMN)
Earnings by Quarter for Garmin (NASDAQ:GRMN)
Earnings History by Quarter for Garmin (NASDAQ GRMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017$0.66N/AView Earnings Details
10/24/2017$0.66N/AView Earnings Details
8/2/20176/30/2017$0.81$0.88$806.67 million$816.89 millionViewListenView Earnings Details
5/3/20173/31/2017$0.45$0.52$629.11 million$638.50 millionViewListenView Earnings Details
2/22/2017Q416$0.58$0.73$794.86 million$861.00 millionViewListenView Earnings Details
10/26/2016Q316$0.54$0.75$679.73 million$722.00 millionViewListenView 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$0.72$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$0.72$0.76$677.35 million$706.00 millionViewN/AView Earnings Details
7/30/2014Q214$0.75$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)
2017 EPS Consensus Estimate: $2.65
2018 EPS Consensus Estimate: $2.75
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.44$0.46$0.45
Q2 20172$0.82$0.83$0.83
Q3 20173$0.64$0.67$0.66
Q4 20173$0.70$0.73$0.72
Q1 20182$0.46$0.57$0.52
Q2 20182$0.80$0.87$0.84
Q3 20182$0.63$0.68$0.66
Q4 20182$0.71$0.78$0.75
(Data provided by Zacks Investment Research)


Current Dividend Information for Garmin (NASDAQ:GRMN)
Most Recent Dividend:9/29/2017
Annual Dividend:$2.04
Dividend Yield:3.66%
Payout Ratio:57.46% (Trailing 12 Months of Earnings)
72.86% (Based on This Year's Estimates)
71.58% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Garmin (NASDAQ:GRMN)

Dividend History by Quarter 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 and Institutional Ownership History for Garmin (NASDAQ:GRMN)
Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 39.59%
Insider Trades by Quarter for Garmin (NASDAQ:GRMN)
Institutional Ownership by Quarter for Garmin (NASDAQ:GRMN)
Insider Trades by Quarter for Garmin (NASDAQ:GRMN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/13/2017Clifton A PembleInsiderSell4,066$55.00$223,630.00View SEC Filing  
10/13/2017Patrick DesboisEVPSell1,881$55.00$103,455.00View SEC Filing  
9/25/2017Andrew R. EtkindVPSell2,073$53.00$109,869.00View SEC Filing  
9/13/2017Jonathan BurrellMajor ShareholderSell253,000$52.13$13,188,890.00View SEC Filing  
9/12/2017Jonathan BurrellMajor ShareholderSell127,000$52.14$6,621,780.00View SEC Filing  
9/11/2017Jonathan BurrellMajor ShareholderSell127,000$52.25$6,635,750.00View SEC Filing  
9/8/2017Andrew R. EtkindVPSell1,724$52.50$90,510.00View SEC Filing  
9/6/2017Andrew R. EtkindVPSell2,189$52.00$113,828.00View SEC Filing  
8/22/2017Jonathan BurrellMajor ShareholderSell231,500$51.20$11,852,800.00View SEC Filing  
8/11/2017Jonathan BurrellMajor ShareholderSell232,000$51.36$11,915,520.00View SEC Filing  
8/4/2017Sean BiddlecombeInsiderSell1,697$51.83$87,955.51View SEC Filing  
5/31/2017Jonathan BurrellMajor ShareholderSell200,000$52.11$10,422,000.00View SEC Filing  
5/30/2017Jonathan BurrellMajor ShareholderSell100,000$52.23$5,223,000.00View SEC Filing  
5/26/2017Jonathan BurrellMajor ShareholderSell100,000$52.46$5,246,000.00View SEC Filing  
2/22/2017Andrew R. EtkindVPSell6,524$54.57$356,014.68View SEC Filing  
12/16/2016Andrew R. EtkindVPSell2,116$49.55$104,847.80View SEC Filing  
11/25/2016Clifton A. PembleInsiderSell175$52.50$9,187.50View SEC Filing  
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)


Headline Trends for Garmin (NASDAQ:GRMN)
Latest Headlines for Garmin (NASDAQ:GRMN)
DateHeadline logoGarmin's new Vivosport is an ideal lightweight smart activity tracker - October 20 at 8:24 PM logo$718.44 Million in Sales Expected for Garmin Ltd. (GRMN) This Quarter - October 20 at 2:00 AM logoGarmin (GRMN) Announces Garmin Speak with Amazon Alexa - - October 19 at 7:57 PM logoZacks: Brokerages Anticipate Garmin Ltd. (GRMN) Will Announce Earnings of $0.66 Per Share - October 18 at 8:16 PM logoIntroducing Garmin® Speak with Amazon Alexa – it’s what you love about Amazon Alexa, now in the vehicle - October 17 at 7:56 PM logoNXT-ID and FitPay to Exhibit at Money20/20, 2017 - October 17 at 7:56 PM logoHands-free: Garmin brings Amazon's Alexa to the dashboard - October 17 at 7:56 PM logoGarmin Ltd. (GRMN) EVP Sells $103,455.00 in Stock - October 17 at 4:22 PM logoInsider Selling: Garmin Ltd. (GRMN) Insider Sells 4,066 Shares of Stock - October 17 at 1:16 PM logoGarmin Ltd. (GRMN) Scheduled to Post Earnings on Tuesday - October 17 at 5:40 AM logoCorporate News Blog - Garmin Unveils New Global Datalink Weather, Text, and Voice Package and Promotion - October 12 at 3:14 AM logoGarmin® selected as Official Supplier for the Volvo Ocean Race - October 10 at 4:53 PM logoGarmin® announces new global datalink weather, text and voice package and promotion - October 9 at 7:22 PM logoGarmin® approaches first flight of the G5000 integrated flight deck in the Citation Excel/XLS - October 9 at 7:22 PM logoGarmin® delivers 500th G1000® integrated flight deck upgrade for King Air aircraft - October 9 at 7:22 PM logoMonster Energy NASCAR Cup Series driver Martin Truex Jr.’s Beechjet 400A is equipped with Garmin® G5000 integrated flight deck - October 5 at 2:49 PM logoGarmin Ltd. : GRMN-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 3, 2017 - October 4 at 12:54 PM logoGarmin® unveils new, Doppler weather radar with automatic threat analysis for business, commercial and military aircraft - October 4 at 12:54 PM logoGarmin® announces G1000® NXi upgrade for the Cessna Citation Mustang - October 4 at 12:54 PM logoGarmin® earns top NMEA honors and eight product awards - October 3 at 9:27 AM logoGarmin Ltd. Schedules Its Third Quarter 2017 Earnings Call - October 2 at 6:52 PM logoGarmin Ltd. (GRMN) Expected to Post Quarterly Sales of $718.44 Million - October 2 at 1:54 PM logoGarmin Ltd. (GRMN) Given Consensus Recommendation of "Hold" by Analysts - September 30 at 6:44 AM logoShould You Be Tempted To Buy Garmin Ltd (GRMN) At Its Current Price? - September 29 at 9:35 PM logoGarmin® and Disney bring motivation and imagination to the playground with the introduction of the vívofit® jr. 2 activity tracker for kids featuring Disney, Star Wars and ... - September 27 at 5:18 PM logoNotable Tuesday Option Activity: IBM, GRMN, ELF - Nasdaq - September 26 at 4:31 PM logoGarmin Ltd. (GRMN) VP Andrew R. Etkind Sells 2,073 Shares - September 25 at 7:36 PM logoFounder's son moves more than $19M in Garmin stock - September 25 at 5:43 PM logoGarmin® Boosts Its 5.7K VIRB® 360 Camera with State-of-the-Art Updates Including the New HyperFrame Director Mode - September 22 at 1:58 PM logoFirst Week of GRMN November 17th Options Trading - September 20 at 4:16 PM logoFitbit Stock Tests Support After Breakout Fizzles - September 20 at 4:16 PM logoTop Ranked Income Stocks to Buy for September 19th - September 19 at 7:12 PM logoGarmin (GRMN) Boosts Marine Business with Products & Buyouts - Nasdaq - September 18 at 6:48 PM logoGarmin (GRMN) Boosts Marine Business with Products & Buyouts - September 18 at 6:48 PM logoApple's New Watch Aims Straight at Garmin - September 13 at 8:52 PM logoJonathan Burrell Sells 127,000 Shares of Garmin Ltd. (GRMN) Stock - September 13 at 7:40 PM logoGarmin Ltd. (GRMN) Major Shareholder Sells $13,188,890.00 in Stock - September 13 at 7:18 PM logo[$$] Apple: wrist taker - September 13 at 1:06 AM logoGarmin® introduces Panoptix Ice Bundle with new ice fishing transducer, a hard water solution with revolutionary sonar capabilities - September 12 at 8:04 PM logoDividend Coverage: This Personal Navigation Devices Maker has a Dividend Yield of 3.90%; Will Trade Ex-Dividend on September 13, 2017 - September 12 at 8:04 PM logoGarmin Ltd. (GRMN) Major Shareholder Sells $6,635,750.00 in Stock - September 12 at 1:30 PM logoGarmin ordered to pay $38 million in ongoing patent dispute - September 12 at 12:44 AM logoGRMN January 2020 Options Begin Trading - Nasdaq - September 11 at 7:43 PM logoAndrew R. Etkind Sells 1,724 Shares of Garmin Ltd. (GRMN) Stock - September 11 at 10:32 AM logo Brokerages Anticipate Garmin Ltd. (GRMN) to Post $0.66 Earnings Per Share - September 11 at 6:16 AM logoGarmin Ltd. (GRMN) Plans Quarterly Dividend of $0.51 - September 9 at 2:16 PM logoGarmin Ltd. (GRMN) Disagrees with Verdict in Latest Navico Patent Lawsuit - September 9 at 12:45 AM logoGarmin Ltd. (GRMN) Disagrees with Verdict in Latest Navico Patent ... - - September 8 at 7:44 PM logoGarmin announces verdict in another Navico patent lawsuit - September 8 at 7:44 PM logoWhy GoPro Inc (GPRO) Stock Isn’t Dead … Yet - September 7 at 7:23 PM



Garmin (GRMN) Chart for Friday, October, 20, 2017

This page was last updated on 10/20/2017 by Staff

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