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

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$65.22 +1.01 (+1.57 %)
(As of 11/15/2018 04:00 PM ET)
Previous Close$64.21
Today's Range$63.00 - $65.40
52-Week Range$57.01 - $70.77
Volume836,824 shs
Average Volume1.08 million shs
Market Capitalization$13.00 billion
P/E Ratio22.18
Dividend Yield3.26%
Beta0.98
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

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

Debt

Debt-to-Equity RatioN/A
Current Ratio2.81
Quick Ratio2.16

Price-To-Earnings

Trailing P/E Ratio22.18
Forward P/E Ratio18.80
P/E Growth2.57

Sales & Book Value

Annual Sales$3.09 billion
Price / Sales4.18
Cash Flow$3.3986 per share
Price / Cash19.19
Book Value$19.95 per share
Price / Book3.27

Profitability

EPS (Most Recent Fiscal Year)$2.94
Net Income$694.95 million
Net Margins19.45%
Return on Equity16.95%
Return on Assets13.18%

Miscellaneous

Employees12,300
Outstanding Shares198,080,000
Market Cap$13.00 billion
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, June 8th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.53 per share on Friday, September 28th. This represents a $2.12 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 13th. This is a positive change from Garmin's previous quarterly dividend of $0.51. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) released its quarterly earnings data on Wednesday, October, 31st. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.76 by $0.24. The scientific and technical instruments company had revenue of $810.01 million for the quarter, compared to analyst estimates of $784.06 million. Garmin had a return on equity of 16.95% and a net margin of 19.45%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 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, February 20th 2019. View Earnings Estimates for Garmin.

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

Garmin issued an update on its FY18 earnings guidance on Wednesday, October, 31st. The company provided earnings per share guidance of approx $3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.31. The company issued revenue guidance of approx $3.30 billion, compared to the consensus revenue estimate of $3.30 billion.Garmin also updated its FY 2018 guidance to $3.45-3.45 EPS.

What price target have analysts set for GRMN?

6 analysts have issued 12 month target prices for Garmin's shares. Their predictions range from $58.00 to $77.00. On average, they anticipate Garmin's stock price to reach $68.00 in the next year. This suggests a possible upside of 4.3% from the stock's current price. View Analyst Price Targets for Garmin.

What is the consensus analysts' recommendation for Garmin?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Garmin.

Has Garmin been receiving favorable news coverage?

News stories about GRMN stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Garmin earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave press coverage about the scientific and technical instruments company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Garmin?

Garmin saw a decrease in short interest in October. As of October 31st, there was short interest totalling 7,654,246 shares, a decrease of 18.9% from the October 15th total of 9,440,658 shares. Based on an average daily volume of 1,345,329 shares, the short-interest ratio is currently 5.7 days. Currently, 6.2% of the shares of the company are sold short. View Garmin's Current Options Chain.

Who are some of Garmin's key competitors?

Who are Garmin's key executives?

Garmin's management team includes the folowing people:
  • Dr. Min-Hwan Kao, Co-Founder & Exec. Chairman (Age 69)
  • Mr. Clifton Albert Pemble, Pres, CEO, Principal Operating Officer & Director (Age 52)
  • Mr. Douglas Gerard Boessen, CFO, Principal Accounting Officer & Treasurer (Age 55)
  • Mr. Andrew R. Etkind, VP, Gen. Counsel & Sec. (Age 62)
  • Mr. Gary L. Burrell, Co-Founder & Chairman Emeritus (Age 80)

Who are Garmin's major shareholders?

Garmin's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.08%), Robeco Institutional Asset Management B.V. (1.09%), Robeco Institutional Asset Management B.V. (1.09%), Schroder Investment Management Group (0.81%), Bank of New York Mellon Corp (0.69%) and Dimensional Fund Advisors LP (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 major investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Renaissance Technologies LLC, Deutsche Bank AG, Mitsubishi UFJ Trust & Banking Corp, Alliancebernstein L.P., WINTON GROUP Ltd and Schroder Investment Management Group. Company insiders that have sold Garmin company stock in the last year 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 Insider Buying and Selling for Garmin.

Which major investors are buying Garmin stock?

GRMN stock was purchased by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ, BlackRock Inc., Wedge Capital Management L L P NC, Select Equity Group L.P., Wells Fargo & Company MN, Bowen Hanes & Co. Inc., Victory Capital Management Inc. and First Trust Advisors LP. 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 $65.22.

How big of a company is Garmin?

Garmin has a market capitalization of $13.00 billion and generates $3.09 billion in revenue each year. The scientific and technical instruments company earns $694.95 million in net income (profit) each year or $2.94 on an earnings per share basis. Garmin employs 12,300 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:  1.7 out of 5 (star)
Outperform Votes:  313 (Vote Outperform)
Underperform Votes:  590 (Vote Underperform)
Total Votes:  903
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 11/15/2018 by MarketBeat.com Staff

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