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: $53.03
  • 50 Day Moving Average: $49.43
  • 200 Day Moving Average: $49.84
  • 52-Week Range: $38.40 - $56.19
  • Trailing P/E Ratio: 19.64
  • Foreward P/E Ratio: 19.50
  • P/E Growth: 2.95
  • Market Cap: $10.00B
  • Outstanding Shares: 188,445,000
  • Beta: 0.86
Profitability:
  • Net Margins: 17.24%
  • Return on Equity: 16.15%
  • Return on Assets: 11.97%
Debt:
  • Current Ratio: 2.44%
  • Quick Ratio: 1.86%
Additional Links:
Companies Related to Garmin:

Analyst Ratings

Consensus Ratings for Garmin (NASDAQ:GRMN) (?)
Ratings Breakdown: 2 Sell Ratings, 7 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.90)
Consensus Price Target: $39.00 (26.46% downside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
Show:
DateFirmActionRatingPrice TargetDetails
2/23/2017Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformView Rating Details
12/29/2016KeyCorpReiterated RatingEqual WeightView Rating Details
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. (The)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 CorpDowngradeBuy -> Underperform$47.00View Rating Details
7/28/2016J P Morgan Chase & CoUpgradeUnderweight -> 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 GroupBoost 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
(Data available from 2/26/2015 forward)

Earnings

Earnings History for Garmin (NASDAQ:GRMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017        
2/22/2017Q416$0.57$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$0.82$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)

Estimates

Earnings Estimates for Garmin (NASDAQ:GRMN)
Current Year EPS Consensus Estimate: $2.65 EPS
Next Year EPS Consensus Estimate: $2.72 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$0.55
Q1 20172$0.44$0.46$0.45
Q2 20172$0.81$0.89$0.85
Q3 20172$0.64$0.65$0.65
Q4 20172$0.66$0.71$0.69
Q1 20181$0.43$0.43$0.43
Q2 20181$0.80$0.80$0.80
Q3 20181$0.63$0.63$0.63
Q4 20181$0.74$0.74$0.74
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Garmin (NASDAQ:GRMN)
Annual Dividend:$2.04
Dividend Yield:3.85%
Payout Ratio:76.40% (Based on Trailing 12 Months of Earnings)
76.98% (Based on Current Year Consensus EPS Estimate)
75.00% (Based on Next Year Consensus EPS Estimate)

Dividend History for Garmin (NASDAQ:GRMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/20/2016Quarterly$0.513/13/20173/15/20173/31/2017
6/14/2016Quarterly$0.5112/12/201612/14/201612/30/2016
6/14/2016Quarterly$0.519/13/20169/15/20169/30/2016
2/17/2016jun 16$0.516/14/20166/16/20166/30/2016
12/1/2015$0.513/11/20163/15/20163/31/2016
8/7/2015Quarterly$0.5112/11/201512/15/201512/31/2015
8/4/2015quarterly$0.519/11/20159/15/20159/30/2015
6/5/2015quarterly$0.516/12/20156/16/20156/30/2015
9/8/2014$0.4812/11/201412/15/201412/31/2014
10/31/2014quarterly$0.483/12/20153/16/20153/31/2015
9/8/2014quarterly$0.489/11/20149/15/20149/30/2014
6/6/2014quarterly$0.486/13/20146/17/20146/30/2014
2/19/2014$0.453/13/20143/17/20143/31/2014
10/28/2013$0.4512/12/201312/16/201312/31/2013
2/20/2013quarterly$0.456/18/20136/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Garmin (NASDAQ:GRMN)
Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 37.39%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)

Headlines

Latest Headlines for Garmin (NASDAQ:GRMN)
DateHeadline
finance.yahoo.com logoNeighbor: Bar attack suspect a 'drunken mess,' not political (NASDAQ:GRMN)
finance.yahoo.com - February 25 at 5:19 PM
us.rd.yahoo.com logoGarmin employee gunned down in Kansas (NASDAQ:GRMN)
us.rd.yahoo.com - February 25 at 2:40 AM
sg.finance.yahoo.com logoGPS device-maker Garmin reeling after workers gunned down (NASDAQ:GRMN)
us.rd.yahoo.com - February 25 at 2:40 AM
us.rd.yahoo.com logoKansas community tries to heal from shooting; bar to reopen (NASDAQ:GRMN)
us.rd.yahoo.com - February 25 at 2:40 AM
finance.yahoo.com logoGPS device-maker Garmin reeling after Kansas worker killed (NASDAQ:GRMN)
finance.yahoo.com - February 25 at 2:40 AM
News IconTop Earnings Report to Watch for: Garmin Ltd. (NASDAQ:GRMN) (NASDAQ:GRMN)
eleganthomesinla.com - February 24 at 6:49 PM
News IconThe Radnor Capital Management LLC Invests $1343000 in Garmin Ltd. (GRMN) (NASDAQ:GRMN)
fairydetox.org - February 24 at 6:49 PM
News IconGarmin Ltd. (NASDAQ:GRMN) reported Fiscal 2016 total revenue of $861 million (NASDAQ:GRMN)
hoyentv.com - February 24 at 6:49 PM
us.rd.yahoo.com logoS&P 500 and NASDAQ Pulled Back, Dow Continued to Rise (NASDAQ:GRMN)
us.rd.yahoo.com - February 24 at 6:49 PM
capitalcube.com logoGarmin Ltd. :GRMN-US: Earnings Analysis: 2016 By the Numbers : February 23, 2017 (NASDAQ:GRMN)
us.rd.yahoo.com - February 24 at 6:49 PM
us.rd.yahoo.com logoSome witnesses say Kansas shooting was racially motivated (NASDAQ:GRMN)
us.rd.yahoo.com - February 24 at 6:49 PM
us.rd.yahoo.com logoKansas shooting shatters Indian engineer's American dream (NASDAQ:GRMN)
us.rd.yahoo.com - February 24 at 6:49 PM
News IconAnalysts Peeling Back The Layers on Garmin Ltd. (NASDAQ:GRMN): Consensus Take - Winfield Review (NASDAQ:GRMN)
winfieldreview.com - February 24 at 10:54 AM
News IconEPS Target Of Garmin Ltd. (NASDAQ:GRMN)Set At $0.6433 - Transcript Daily (NASDAQ:GRMN)
transcriptdaily.com - February 24 at 10:54 AM
cnbc.com logoCramer Remix: How Garmin could outrun Fitbit (NASDAQ:GRMN)
www.cnbc.com - February 23 at 7:14 PM
benzinga.com logoHow Did Wearables Do In Q4? - Benzinga (NASDAQ:GRMN)
www.benzinga.com - February 23 at 5:30 PM
News IconMarket Movers Snapshot – Garmin Ltd. (NASDAQ:GRMN), Target Corporation (NYSE:TGT) - Wall Street Times (press release) (NASDAQ:GRMN)
www.wallstreetnews24.com - February 23 at 5:30 PM
streetinsider.com logoUPDATE: Garmin (GRMN) Wearables Suprise Again In A Market Of ... - StreetInsider.com (NASDAQ:GRMN)
www.streetinsider.com - February 23 at 5:30 PM
seekingalpha.com logoGarmin: Quick Take - Seeking Alpha (NASDAQ:GRMN)
seekingalpha.com - February 23 at 5:30 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Shares on the Go mid-Session - Winfield Review (NASDAQ:GRMN)
winfieldreview.com - February 23 at 3:46 AM
nasdaq.com logoGarmin Ltd Reports 2% Fall In Q4 Profit - NASDAQ.com - Nasdaq.com - Nasdaq (NASDAQ:GRMN)
www.nasdaq.com - February 23 at 3:46 AM
benzinga.com logoGarmin Trimming Gains From Q4 Beat (NASDAQ:GRMN)
www.benzinga.com - February 22 at 10:45 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Reaches a New Pinnacle (NASDAQ:GRMN)
fairydetox.org - February 22 at 10:45 PM
us.rd.yahoo.com logoEdited Transcript of GRMN earnings conference call or presentation 22-Feb-17 3:30pm GMT (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 10:45 PM
wsj.com logo[$$] Garmin Revenue Rises 10% on Wearable Sales (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 10:45 PM
News IconTrader Alert: Unusual Volume Spotted in Garmin Ltd. (NASDAQ:GRMN) (NASDAQ:GRMN)
mundoaguaysaneamiento.net - February 22 at 5:43 PM
News IconSmart Money Buying the Price Weakness of Garmin Ltd. (GRMN) (NASDAQ:GRMN)
prensariotiretail.com - February 22 at 5:43 PM
seekingalpha.com logoGarmin (GRMN) Q4 2016 Results - Earnings Call Transcript (NASDAQ:GRMN)
seekingalpha.com - February 22 at 5:43 PM
thestreet.com logoJim Cramer Sizes Up Tesla, Fitbit, Square Before Earnings (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 5:43 PM
us.rd.yahoo.com logoGarmin shares jump on strong earnings, sales beat (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 5:43 PM
us.rd.yahoo.com logoThe Hot Stock: Garmin Rises 7.3% (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 5:43 PM
wsj.com logoGarmin Maps a Solid Path in Wearable Tech (NASDAQ:GRMN)
www.wsj.com - February 22 at 2:32 PM
schaeffersresearch.com logoFirst Solar, Garmin, Mobileye News Today (NASDAQ:GRMN)
www.schaeffersresearch.com - February 22 at 12:59 PM
News IconGarmin® joins BMW® AG as a tier-one infotainment supplier (NASDAQ:GRMN)
www.cbs58.com - February 22 at 12:59 PM
4-traders.com logoGARMIN LTD. (NASDAQ:GRMN) Files An 8-K Results of Operations and Financial Condition (NASDAQ:GRMN)
www.4-traders.com - February 22 at 12:59 PM
nasdaq.com logoFirst Week of GRMN October 20th Options Trading (NASDAQ:GRMN)
www.nasdaq.com - February 22 at 12:59 PM
rttnews.com logoGarmin Ltd. (GRMN) Has Jumped To A 6-Month High On Strong Q4 Earnings (NASDAQ:GRMN)
www.rttnews.com - February 22 at 12:59 PM
investopedia.com logoGarmin Shares Pointed North After Earnings (GRMN) (NASDAQ:GRMN)
www.investopedia.com - February 22 at 12:59 PM
us.rd.yahoo.com logoGarmin (GRMN) Surpasses Earnings & Revenue Estimates in Q4 (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 12:59 PM
us.rd.yahoo.com logoGarmin Beats Q4 Targets On Strong Fitness, Outdoor Device Sales (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 12:59 PM
us.rd.yahoo.com logoGarmin spikes after a huge earnings beat (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 12:59 PM
sg.finance.yahoo.com logoStocks slip from record highs as energy companies fall (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 12:59 PM
thestreet.com logoGarmin Stock Soars on Earnings Beat (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 12:59 PM
us.rd.yahoo.com logoGarmin Shares Pointed North After Earnings (NASDAQ:GRMN)
us.rd.yahoo.com - February 22 at 12:59 PM
bizjournals.com logoGarmin's fitness segment drove more revenue than auto for the first time ever (NASDAQ:GRMN)
www.bizjournals.com - February 22 at 12:59 PM
fool.com logoWhy Shares of Garmin Surged Today (NASDAQ:GRMN)
www.fool.com - February 22 at 12:45 PM
seekingalpha.com logoGarmin +9.5% after Q4 revenues take off (NASDAQ:GRMN)
seekingalpha.com - February 22 at 10:32 AM
finance.yahoo.com logoTactio and Garmin Team Up to Make Telehealth Senior-Friendly (NASDAQ:GRMN)
finance.yahoo.com - February 20 at 10:55 AM
finance.yahoo.com logoWhat to Expect from Garmin (GRMN) this Earnings Season? - Yahoo Finance (NASDAQ:GRMN)
finance.yahoo.com - February 19 at 10:33 AM
News IconPulling Back The Curtain on Garmin Ltd. (NASDAQ:GRMN): Analysts & Wall Street Chime In - Winfield Review (NASDAQ:GRMN)
winfieldreview.com - February 17 at 4:06 PM

Social

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 Monday, June 20th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.51 per share on Friday, March 31st. This represents a $2.04 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Monday, March 13th.

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

10 brokers have issued 12-month target prices for Garmin's shares. Their forecasts range from $12.00 to $47.00. On average, they anticipate Garmin's share price to reach $39.00 in the next twelve months.

When will Garmin announce their earnings?

Garmin is scheduled to release their next quarterly earnings announcement on Tuesday, April, 25th 2017.

Who owns Garmin stock?

Garmin's stock is owned by many different of institutional and retail investors. Top institutional investors include Jonathan Burrell (15.10%), BURRELL JONATHAN (15.10%), State Street Corp (3.20%), Allianz Asset Management AG (1.14%), Janus Capital Management LLC (0.96%) and Disciplined Growth Investors Inc. MN (0.87%). Company insiders that own Garmin stock include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Donald Eller, Pao-Chang Huang, Philip Straub and Sean Biddlecombe.

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 Renaissance Technologies LLC, Brown Advisory Inc., Capstone Investment Advisors LLC, Oxford Asset Management, Cantab Capital Partners LLP, Baird Financial Group Inc., Disciplined Growth Investors Inc. MN and Raymond James Financial Services Advisors Inc.. Company insiders that have sold Garmin stock in the last year include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Pao-Chang Huang, Philip Straub and Sean Biddlecombe.

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 DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Allianz Asset Management AG, Guggenheim Capital LLC, Janus Capital Management LLC, State Street Corp, Aberdeen Asset Management PLC UK, AQR Capital Management LLC and Envestnet Asset Management Inc..

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 $53.03.

Garmin (NASDAQ:GRMN) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Garmin (NASDAQ:GRMN)

Earnings History Chart

Earnings by Quarter for Garmin (NASDAQ:GRMN)

Dividend History Chart

Dividend Payments by Quarter for Garmin (NASDAQ:GRMN)

Last Updated on 2/26/2017 by MarketBeat.com Staff