Garmin Company Profile (NASDAQ:GRMN)

About Garmin

Garmin 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:

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:

Date	Firm	Action	Rating	Price Target
8/25/2016	Raymond James Financial Inc.	Upgrade	Market Perform -> Outperform	$43.00
8/25/2016	Morgan Stanley	Lower Price Target	Equal Weight	$49.00 -> $46.00
8/24/2016	Goldman Sachs Group Inc.	Downgrade	Neutral -> Sell	$12.00
8/22/2016	Citigroup Inc.	Downgrade	Market Perform
8/17/2016	Longbow Research	Initiated Coverage	Neutral
8/4/2016	Bank of America Corp.	Downgrade	Buy -> Underperform	$47.00
8/1/2016	Oppenheimer Holdings Inc.	Reiterated Rating	Market Perform
7/28/2016	JPMorgan Chase & Co.	Upgrade	Underweight -> Neutral	$38.00 -> $47.00
4/19/2016	Pacific Crest	Reiterated Rating	Sector Perform
2/20/2016	Needham & Company LLC	Reiterated Rating	Hold
2/18/2016	Robert W. Baird	Boost Price Target	Neutral	$39.00 -> $40.00
2/18/2016	Credit Suisse Group AG	Boost Price Target	Underperform	$32.00 -> $36.00
12/30/2015	Dougherty & Co	Reiterated Rating	Neutral
11/19/2015	Royal Bank Of Canada	Reiterated Rating	Outperform	$40.00
9/28/2015	Sterne Agee CRT	Initiated Coverage	Neutral
9/11/2015	DA Davidson	Reiterated Rating	Neutral	$48.00 -> $40.00
2/20/2015	Atlantic Securities	Downgrade	Overweight -> Neutral	$64.00 -> $55.00

(Data available from 9/24/2014 forward)

Earnings History for Garmin (NASDAQ:GRMN)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
10/26/2016
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	$0.82	$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	$0.71	$0.76	$677.35 million	$706.00 million	View	N/A
7/30/2014	Q214	$0.76	$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)

Current Year EPS Consensus Estimate: $2.52 EPS
Next Year EPS Consensus Estimate: $2.57 EPS

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2016	4	$0.38	$0.45	$0.42
Q2 2016	4	$0.63	$0.69	$0.66
Q3 2016	4	$0.51	$0.56	$0.54
Q4 2016	4	$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:	4.21%
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)

Announced	Period	Amount	Ex-Dividend Date	Record Date	Payable Date
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 History for Garmin (NASDAQ:GRMN)

Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 35.75%

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
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)

Latest Headlines for Garmin (NASDAQ:GRMN)

Date	Headline
	Upgrade Your Road Bike With These Four Smart Gadgets (NASDAQ:GRMN) finance.yahoo.com - September 23 at 10:19 AM
	Garmin cycling computers get upgrades (NASDAQ:GRMN) www.bizjournals.com - September 22 at 5:24 PM
	Garmin Ltd. to Issue Dividend of $0.51 (GRMN) - Daily Quint ... - DailyQuint (NASDAQ:GRMN) dailyquint.com - September 22 at 8:23 AM
	Better Buy: GoPro Inc. vs. Garmin Ltd. (NASDAQ:GRMN) www.fool.com - September 21 at 9:32 AM
	Garmin® announces cycling updates at Interbike (NASDAQ:GRMN) www.publicnow.com - September 21 at 9:32 AM
	Investment 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
	ETF’s with exposure to Garmin Ltd. : September 19, 2016 (NASDAQ:GRMN) www.capitalcube.com - September 19 at 5:24 PM
	Earnings According to Analysts for Garmin Ltd. (NASDAQ:GRMN)? - Frisco Fastball (NASDAQ:GRMN) friscofastball.com - September 19 at 9:55 AM
	Stock Tracker: Earnings & Estimates for Garmin Ltd. (NASDAQ:GRMN) - Frisco Fastball (NASDAQ:GRMN) friscofastball.com - September 18 at 9:50 AM
	Better Buy: Fitbit Inc. vs. Garmin Ltd. (NASDAQ:GRMN) www.fool.com - September 17 at 7:21 PM
	Analysts Take the Wheel on Garmin Ltd. (NASDAQ:GRMN) Shares ... - Frisco Fastball (NASDAQ:GRMN) friscofastball.com - September 17 at 5:02 PM
	Shares in Focus: Garmin Ltd. (NASDAQ:GRMN) Earnings & Targets ... - Frisco Fastball (NASDAQ:GRMN) friscofastball.com - September 16 at 5:09 PM
	Garmin is Oversold (NASDAQ:GRMN) www.forbes.com - September 16 at 11:54 AM
	On 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
	What is the Street Saying About Garmin Ltd. (NASDAQ:GRMN)? - Frisco Fastball (NASDAQ:GRMN) friscofastball.com - September 15 at 8:22 AM
	GRMN Crosses Above Average Analyst Target (NASDAQ:GRMN) www.forbes.com - September 14 at 9:33 AM
	GRMN Crosses Above Average Analyst Target - Forbes (NASDAQ:GRMN) www.forbes.com - September 13 at 10:05 AM
	Garmin Ltd. (GRMN) Ex-Dividend Date Scheduled for September 13, 2016 - Nasdaq (NASDAQ:GRMN) www.nasdaq.com - September 13 at 10:05 AM
	Garmin Sells Off After Apple Launches 'Swim Proof' Apple Watch Series 2 - Benzinga (NASDAQ:GRMN) www.benzinga.com - September 8 at 5:11 PM
	Introducing Delta Smart: Groundbreaking Smartphone-Based Training and Activity Tracking for Dogs (NASDAQ:GRMN) www.publicnow.com - September 8 at 9:11 AM
	The Latest: What Apple didn't say at its product event (NASDAQ:GRMN) finance.yahoo.com - September 7 at 5:29 PM
	Garmin Sells Off After Apple Launches 'Swim Proof' Apple Watch Series 2 (NASDAQ:GRMN) feeds.benzinga.com - September 7 at 3:15 PM
	Garmin 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
	Garmin 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
	Garmin® Confirms September 30 Dividend Payment (NASDAQ:GRMN) www.publicnow.com - September 1 at 5:12 PM
	Investor'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
	GoPro Faces New Threat from Copycats (NASDAQ:GRMN) www.investopedia.com - September 1 at 8:13 AM
	Garmin® 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
	Garmin® 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
	Pre-Movers Stocks In Imitation: Microsoft (NASDAQ:MSFT), Garmin ... - Street Wise Report (press release) (blog) (NASDAQ:GRMN) streetwisereport.com - August 30 at 5:23 PM
	Intraday 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
	3 Stocks to Buy with Dividends Yielding More than 3% (NASDAQ:GRMN) www.fool.com - August 30 at 5:00 PM
	Garmin® G5000™ Integrated Flight Deck receives STC for Beechjet 400A/Hawker 400XP (NASDAQ:GRMN) www.publicnow.com - August 30 at 8:25 AM
	Garmin Issues Update On ITC Order In Patent Investigation - Quick Facts (NASDAQ:GRMN) www.rttnews.com - August 29 at 5:13 PM
	Garmin Responds to ITC Patent Investigation (NASDAQ:GRMN) www.scout.com - August 29 at 5:13 PM
	Garmin® responds to misleading statements from Navico in the ITC patent investigation (NASDAQ:GRMN) ih.advfn.com - August 29 at 5:13 PM
	Garmin Says New Titled Transducer Design Issue Is Still Pending In Court - Benzinga (NASDAQ:GRMN) www.benzinga.com - August 29 at 9:53 AM
	Garmin (GRMN) Looks to Expand Headquarters at Olathe (NASDAQ:GRMN) finance.yahoo.com - August 29 at 9:53 AM
	Garmin Says New Titled Transducer Design Issue Is Still Pending In Court (NASDAQ:GRMN) feeds.benzinga.com - August 29 at 9:30 AM
	Garmin announces major expansion at Olathe headquarters (NASDAQ:GRMN) sg.finance.yahoo.com - August 27 at 9:52 AM
	Facebook, Netflix, Square, Fitbit Headline Insider Sales (NASDAQ:GRMN) www.investors.com - August 27 at 9:52 AM
	Garmin sets $200M expansion for Kansas campus - Seeking Alpha (NASDAQ:GRMN) seekingalpha.com - August 26 at 5:09 PM
	News Buzz: Incyte Corporation (NASDAQ:INCY), Garmin Ltd. (NASDAQ:GRMN) - NYSE Journal (press release) (NASDAQ:GRMN) stockznews.com - August 26 at 5:09 PM
	Garmin® to embark on $200 million campus expansion (NASDAQ:GRMN) www.publicnow.com - August 26 at 5:09 PM
	Garmin sets $200M expansion for Kansas campus (NASDAQ:GRMN) seekingalpha.com - August 26 at 10:46 AM
	News Analysis Report: Garmin Ltd. (NASDAQ:GRMN), Amgen, Inc.(NASDAQ:AMGN) - NYSE Journal (press release) (NASDAQ:GRMN) stockznews.com - August 26 at 8:15 AM
	Garmin 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
	Garmin'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
	Garmin kicks off $200M expansion of Olathe campus (NASDAQ:GRMN) www.bizjournals.com - August 26 at 8:15 AM
	Garmin'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