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: $50.81
  • 50 Day Moving Average: $48.99
  • 200 Day Moving Average: $49.98
  • 52-Week Range: $188,445,000.00 - $38.40
  • Trailing P/E Ratio: 18.97
  • Foreward P/E Ratio: 18.96
  • P/E Growth: 2.83
  • Market Cap: $9.57B
  • 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, 8 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.91)
Consensus Price Target: $39.00 (23.24% downside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
Show:
DateFirmActionRatingPrice TargetDetails
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
8/1/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformView 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
2/20/2015Atlantic SecuritiesDowngradeOverweight -> Neutral$64.00 -> $55.00View Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for Garmin (NASDAQ:GRMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/22/2017Q416$0.57$794.86 millionN/AView 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: $2.69 EPS
Next Year EPS Consensus Estimate: $2.68 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
Q3 20171$0.57$0.57$0.57
Q4 20171$0.66$0.66$0.66
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Garmin (NASDAQ:GRMN)
Annual Dividend:$2.04
Dividend Yield:4.01%
Payout Ratio:76.40% (Based on Trailing 12 Months of Earnings)
75.84% (Based on Current Year Consensus EPS Estimate)
76.12% (Based on Next Year Consensus EPS Estimate)

Dividend History for Garmin (NASDAQ:GRMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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
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 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
News IconAre Analysts Optimistic About Where Garmin Ltd. (NASDAQ:GRMN) is Heading? - Winfield Review (NASDAQ:GRMN)
winfieldreview.com - February 17 at 4:06 PM
us.rd.yahoo.com logoYamaha selects Garmin® for new integrated marine display (NASDAQ:GRMN)
us.rd.yahoo.com - February 16 at 5:30 PM
bizjournals.com logoHealthiest Employers: Honoree – Kansas City Area Transportation Authority (NASDAQ:GRMN)
www.bizjournals.com - February 10 at 6:10 PM
News IconGarmin G5 electronic flight instrument receives EASA approval (NASDAQ:GRMN)
www.financial-news.co.uk - February 8 at 6:08 PM
bizjournals.com logoFast times on Ridgeview: Olathe advances soccer, Garmin projects (NASDAQ:GRMN)
www.bizjournals.com - February 8 at 6:08 PM
uk.finance.yahoo.com logoGarmin® announces EASA approval of the G5 electronic flight instrument for certificated aircraft in Europe (NASDAQ:GRMN)
uk.finance.yahoo.com - February 7 at 6:48 PM
capitalcube.com logoGarmin Ltd. – Value Analysis (NASDAQ:GRMN) : February 6, 2017 (NASDAQ:GRMN)
us.rd.yahoo.com - February 6 at 5:36 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Target Price At $48.75 - Transcript Daily (NASDAQ:GRMN)
transcriptdaily.com - February 5 at 3:36 AM
capitalcube.com logoGarmin Ltd. breached its 50 day moving average in a Bullish Manner : GRMN-US : February 3, 2017 (NASDAQ:GRMN)
www.capitalcube.com - February 3 at 6:01 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Daily Sentiment Score At 0.351 - Stock Observer (NASDAQ:GRMN)
www.thestockobserver.com - February 2 at 11:09 PM
News IconEarnings Forecast Research on Garmin Ltd. (GRMN) - Highland Mirror (NASDAQ:GRMN)
www.highlandmirror.com - February 2 at 11:09 PM
investorplace.com logoAre Garmin Ltd. (GRMN) and Fitbit Inc (FIT) the Perfect Long/Short Play? (NASDAQ:GRMN)
investorplace.com - February 2 at 9:39 AM
capitalcube.com logoGarmin Ltd. : GRMN-US: Dividend Analysis : December 14th, 2016 (record date) : By the numbers : February 1, 2017 (NASDAQ:GRMN)
www.capitalcube.com - February 1 at 6:14 PM
nasdaq.com logoGRMN Makes Notable Cross Below Critical Moving Average (NASDAQ:GRMN)
www.nasdaq.com - January 30 at 6:12 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Bearish Target At $51 | Stock Observer - Stock Observer (NASDAQ:GRMN)
www.thestockobserver.com - January 30 at 11:39 AM
investors.com logoFitbit Slashes Expectations For Q4, Year Ahead; Shifts To Smartwatches (NASDAQ:GRMN)
www.investors.com - January 30 at 11:39 AM
News IconDynamic Advisors Solutions LLC Has Decreased Garmin LTD (GRMN) Position by $4.44 Million; Shares Rose (NASDAQ:GRMN)
randolphguide.com - January 27 at 5:04 AM
News IconGarmin Ltd. (NASDAQ:GRMN) Long-Term Growth Estimate At $8.35 - Transcript Daily (NASDAQ:GRMN)
transcriptdaily.com - January 26 at 7:02 PM
News IconEarnings in Full Force, Analysts Take Aim at Garmin Ltd. (NASDAQ ... - Wall Street Beacon (NASDAQ:GRMN)
wsbeacon.com - January 26 at 7:02 PM
bizjournals.com logoGarmin asks Olathe to shovel out incentives for $200M HQ expansion (NASDAQ:GRMN)
www.bizjournals.com - January 26 at 7:02 PM
News IconDevelopments in the Wearable Devices Market (NASDAQ:GRMN)
www.medindia.net - January 24 at 6:15 PM
News IconGarmin announces the Approach G30, Adds a small but powerful handheld to its golf GPS offerings (NASDAQ:GRMN)
www.cbs58.com - January 23 at 5:57 PM
businesswire.com logoGarmin® announces the Approach® G30, Adds a small but powerful ... - Business Wire (press release) (NASDAQ:GRMN)
www.businesswire.com - January 23 at 11:18 AM
News IconPrice Target Of Garmin Ltd. (NASDAQ:GRMN)At $48.75 – Transcript ... - Transcript Daily (NASDAQ:GRMN)
transcriptdaily.com - January 23 at 11:18 AM
finance.yahoo.com logoGarmin® announces the Approach® G30, Adds a small but powerful handheld to its golf GPS offerings (NASDAQ:GRMN)
finance.yahoo.com - January 23 at 11:18 AM
News IconWhat are the Technical Charts Saying About Garmin Ltd. (GRMN) - Rives Journal (NASDAQ:GRMN)
rivesjournal.com - January 22 at 10:26 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Bearish Target At $51 - Stock Observer (NASDAQ:GRMN)
www.thestockobserver.com - January 22 at 10:26 PM
News IconDevling Into Shares of Garmin Ltd. (NASDAQ:GRMN), What Are Analysts Predicting for 2017? - Wall Street Beacon (NASDAQ:GRMN)
wsbeacon.com - January 20 at 5:21 AM
News IconWall Street and Armchair Analysts Weigh in on Garmin Ltd. (NASDAQ:GRMN) Heading Into The New Year - Wall Street Beacon (NASDAQ:GRMN)
wsbeacon.com - January 17 at 3:33 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Quarterly EPS Set At $0.6533 - Stock Observer (NASDAQ:GRMN)
www.thestockobserver.com - January 17 at 3:33 PM
zacks.com logoGarmin (GRMN) Introduces RV 770 LMT-S Navigator Model (NASDAQ:GRMN)
www.zacks.com - January 17 at 9:32 AM
News IconTarget Price Of Garmin Ltd. (NASDAQ:GRMN) At $48.75 - Transcript Daily (NASDAQ:GRMN)
transcriptdaily.com - January 16 at 9:17 AM
finance.yahoo.com logoGarmin® debuts the RV 770 LMT-S with live services and travel data for camping enthusiasts (NASDAQ:GRMN)
finance.yahoo.com - January 16 at 9:17 AM
News IconGarmin Ltd. (NASDAQ:GRMN) Daily Sentiment Score At 0.216 - Stock Observer (NASDAQ:GRMN)
www.thestockobserver.com - January 13 at 6:36 PM
News IconWill The Needle Move For Garmin Ltd. (NASDAQ:GRMN) Shares This Earnings Season? - Wall Street Beacon (NASDAQ:GRMN)
wsbeacon.com - January 13 at 6:36 PM
finance.yahoo.com logoGarmin Ltd. Schedules Its Fourth Quarter 2016 Earnings Call (NASDAQ:GRMN)
finance.yahoo.com - January 12 at 6:00 PM
News IconGarmin Ltd. (NASDAQ:GRMN) Quarterly EPS Set At $0.6533 | Stock ... - Stock Observer (NASDAQ:GRMN)
www.thestockobserver.com - January 12 at 4:12 AM
us.rd.yahoo.com logoGarmin® adds 21 anglers to its 2017 Marine Pro Team (NASDAQ:GRMN)
us.rd.yahoo.com - January 10 at 6:27 PM
fool.com logoWhy Garmin Ltd.'s Shares Soared 31% in 2016 (NASDAQ:GRMN)
www.fool.com - January 10 at 11:01 AM
News IconTwo Stocks in Focus: Garmin Ltd. (NASDAQ:GRMN), Diamondback ... - The Newburgh Press (NASDAQ:GRMN)
newburghpress.com - January 10 at 2:31 AM
barrons.com logoHow Garmin Jumped Ahead of Apple in the Wearable Race (NASDAQ:GRMN)
www.barrons.com - January 9 at 4:28 PM
News IconPrice Target Of Garmin Ltd. (NASDAQ:GRMN) At $48.75 - Transcript Daily (NASDAQ:GRMN)
transcriptdaily.com - January 7 at 7:18 PM
News IconGarmin® announces first devices with Satellite Communication Technology (NASDAQ:GRMN)
www.yachtsandyachting.com - January 6 at 6:07 PM
us.rd.yahoo.com logoHow a Slow Wearable Market Has Affected Apple Watch Sales (NASDAQ:GRMN)
us.rd.yahoo.com - January 5 at 6:28 PM
investopedia.com logoGarmin Debuts 3 New Wearables at CES (NASDAQ:GRMN)
www.investopedia.com - January 5 at 6:28 PM
News IconGarmin adds three fēnix® 5 series watches to its line of multisport GPS wearables (NASDAQ:GRMN)
eprretailnews.com - January 5 at 4:40 AM
News IconGarmin debuts G1000 NXi integrated flight deck enabling wireless cockpit connectivity (NASDAQ:GRMN)
www.intelligent-aerospace.com - January 4 at 6:36 PM
News IconGarmin launches new wearable and cycling apps in its ever-expanding Connect IQ Store from Uber, Trek, GU, nuun and more (NASDAQ:GRMN)
www.cbs58.com - January 4 at 6:36 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 announced a quarterly dividend on Tuesday, June 14th. Stockholders of record on Wednesday, December 14th will be given a dividend of $0.51 per share on Friday, December 30th. This represents a $2.04 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, December 12th.

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

11 brokerages have issued 12 month target prices for Garmin's stock. Their forecasts range from $12.00 to $47.00. On average, they expect Garmin's stock price to reach $39.00 in the next year.

When will Garmin announce their earnings?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

Who owns Garmin stock?

Garmin's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Jonathan Burrell (15.10%), State Street Corp (3.20%), Allianz Asset Management AG (1.14%), Janus Capital Management LLC (0.96%), Disciplined Growth Investors Inc. MN (0.87%) and Dimensional Fund Advisors LP (0.53%). 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 purchased 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 $50.81.

Garmin (NASDAQ:GRMN) Chart for Sunday, February, 19, 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 2/19/2017 by MarketBeat.com Staff