NASDAQ:GRMN - Garmin Stock Price, News, & Analysis

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$77.30 +0.07 (+0.09 %)
(As of 05/24/2019 03:19 AM ET)
Previous Close$77.23
Today's Range$76.63 - $77.31
52-Week Range$59.39 - $89.72
Volume735,387 shs
Average Volume1.18 million shs
Market Capitalization$15.31 billion
P/E Ratio20.95
Dividend Yield2.75%
Beta0.9
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names. The Aviation segment provides navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, datalink weather, in-cockpit and cloud connectivity, voice controls, and other products and services; wearables, portables, apps, training, simulation, and aviation data services; and traffic collision avoidance, engine information, and terrain awareness and warning systems. This segment also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, Cartography Products, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wearable devices, sailing products, and entertainment products. The Outdoor segment offers outdoor handhelds, wearable devices, golf devices, and dog tracking and training/pet obedience devices. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and Connect IQ and activity tracking devices, as well as Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms for users to track and analyze their fitness and wellness data. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.

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Industry, Sector and Symbol

Industry Search & navigation equipment
Sub-IndustryConsumer Electronics
SectorComputer and Technology
Current SymbolNASDAQ:GRMN
CUSIPH2906T10
Phone41-52-630-1600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.35 billion
Cash Flow$4.0010 per share
Book Value$21.79 per share

Profitability

Net Income$694.08 million

Miscellaneous

Employees13,000
Market Cap$15.31 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

Garmin (NASDAQ:GRMN) Frequently Asked Questions

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 declared a quarterly dividend on Friday, February 15th. Shareholders of record on Friday, March 15th will be given a dividend of $0.53 per share on Friday, March 29th. This represents a $2.12 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, March 14th. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) issued its quarterly earnings results on Wednesday, May, 1st. The scientific and technical instruments company reported $0.73 EPS for the quarter, beating the Zacks' consensus estimate of $0.71 by $0.02. The scientific and technical instruments company had revenue of $766 million for the quarter, compared to analysts' expectations of $733.26 million. Garmin had a return on equity of 17.60% and a net margin of 20.72%. Garmin's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.68 earnings per share. View Garmin's Earnings History.

When is Garmin's next earnings date?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Garmin.

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

Garmin issued an update on its FY19 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of $3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.75. The company issued revenue guidance of $3.5 billion, compared to the consensus revenue estimate of $3.53 billion.Garmin also updated its FY 2019 guidance to $3.70-3.70 EPS.

What price target have analysts set for GRMN?

4 equities research analysts have issued twelve-month target prices for Garmin's shares. Their predictions range from $70.00 to $81.95. On average, they expect Garmin's share price to reach $75.9875 in the next twelve months. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for Garmin.

What is the consensus analysts' recommendation for Garmin?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Garmin.

Has Garmin been receiving favorable news coverage?

Media coverage about GRMN stock has been trending neutral this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Garmin earned a media sentiment score of 0.3 on InfoTrie's scale. They also gave news articles about the scientific and technical instruments company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

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 Cisco Systems (CSCO), General Electric (GE), Verizon Communications (VZ), AT&T (T), Netflix (NFLX), Applied Materials (AMAT), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM) and JPMorgan Chase & Co. (JPM).

Who are Garmin's key executives?

Garmin's management team includes the folowing people:
  • Dr. Min-Hwan Kao, Co-Founder & Exec. Chairman (Age 70)
  • Mr. Clifton Albert Pemble, Pres, CEO & Director (Age 53)
  • Mr. Douglas Gerard Boessen, CFO, Principal Accounting Officer & Treasurer (Age 56)
  • Mr. Andrew R. Etkind, VP, Gen. Counsel & Sec. (Age 63)
  • Mr. Gary L. Burrell, Chairman Emeritus (Age 81)

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.61%), Robeco Institutional Asset Management B.V. (1.14%), Geode Capital Management LLC (1.05%), Janus Henderson Group PLC (0.76%), Dimensional Fund Advisors LP (0.71%) and Northern Trust Corp (0.69%). Company insiders that own Garmin stock include Andrew R Etkind, Charles Peffer, Clifton A Pemble, Danny J Bartel, Donald Eller, Jonathan Burrell, Min H Kao, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View Institutional Ownership Trends for Garmin.

Which institutional investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Victory Capital Management Inc., South Texas Money Management Ltd., Geode Capital Management LLC, Wedge Capital Management L L P NC, Teacher Retirement System of Texas, Canal Insurance CO and Kornitzer Capital Management Inc. KS. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Min H Kao, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View Insider Buying and Selling for Garmin.

Which institutional investors are buying Garmin stock?

GRMN stock was acquired by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Renaissance Technologies LLC, Hexavest Inc., JPMorgan Chase & Co., First Trust Advisors LP, Morgan Stanley, Los Angeles Capital Management & Equity Research Inc. and State of Wisconsin Investment Board. View Insider Buying and Selling for Garmin.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $77.30.

How big of a company is Garmin?

Garmin has a market capitalization of $15.31 billion and generates $3.35 billion in revenue each year. The scientific and technical instruments company earns $694.08 million in net income (profit) each year or $3.69 on an earnings per share basis. Garmin employs 13,000 workers across the globe.

What is Garmin's official website?

The official website for Garmin is http://www.garmin.com/.

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]


MarketBeat Community Rating for Garmin (NASDAQ GRMN)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  350 (Vote Outperform)
Underperform Votes:  625 (Vote Underperform)
Total Votes:  975
MarketBeat's community ratings are surveys of what our community members think about Garmin and other stocks. Vote "Outperform" if you believe GRMN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GRMN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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