Garmin Company Profile (NASDAQ:GRMN)

About Garmin (NASDAQ:GRMN)

Garmin logoGarmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It 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 to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in fitness and activity tracking. Its aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles and unmanned aerial vehicles.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Scientific & Technical Instruments
  • Sub-Industry: Consumer Electronics
  • Symbol: NASDAQ:GRMN
  • CUSIP: H2906T10
  • Web:
  • Market Cap: $9.69 billion
  • Outstanding Shares: 188,156,000
Average Prices:
  • 50 Day Moving Avg: $50.88
  • 200 Day Moving Avg: $50.59
  • 52 Week Range: $39.29 - $56.19
  • Trailing P/E Ratio: 14.71
  • Foreward P/E Ratio: 18.79
  • P/E Growth: 5.02
Sales & Book Value:
  • Annual Revenue: $3.03 billion
  • Price / Sales: 3.20
  • Book Value: $19.67 per share
  • Price / Book: 2.62
  • Annual Dividend: $2.04
  • Dividend Yield: 4.0%
  • EBIDTA: $724.33 million
  • Net Margins: 17.24%
  • Return on Equity: 16.15%
  • Return on Assets: 11.97%
  • Current Ratio: 2.44%
  • Quick Ratio: 1.86%
  • Average Volume: 1.05 million shs.
  • Beta: 0.86
  • Short Ratio: 9.99

Frequently Asked Questions for Garmin (NASDAQ:GRMN)

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 Monday, June 20th. Stockholders 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 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Monday, March 13th. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) announced its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.45 by $0.07. The firm earned $638.50 million during the quarter, compared to analysts' expectations of $629.11 million. Garmin had a net margin of 17.24% and a return on equity of 16.15%. The company's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. View Garmin's Earnings History.

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

Garmin updated its FY17 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.66. The company issued revenue guidance of $3.02 billion, compared to the consensus revenue estimate of $3.02 billion.

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

10 equities research analysts have issued 12 month target prices for Garmin's stock. Their predictions range from $43.00 to $54.00. On average, they anticipate Garmin's share price to reach $48.60 in the next twelve months. View Analyst Ratings for Garmin.

Are investors shorting Garmin?

Garmin saw a increase in short interest in April. As of April 13th, there was short interest totalling 16,588,734 shares, an increase of 2.4% from the March 31st total of 16,206,904 shares. Based on an average daily trading volume, of 877,717 shares, the short-interest ratio is currently 18.9 days.

Who are some of Garmin's key competitors?

Who owns Garmin stock?

Garmin's stock is owned by many different of retail and institutional investors. Top institutional investors include BURRELL JONATHAN (15.10%), BlackRock Inc. (5.79%), Vanguard Group Inc. (5.53%), State Street Corp (3.34%), Janus Capital Management LLC (0.96%) and Schroder Investment Management Group (0.84%). 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. View Institutional Ownership Trends for Garmin.

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 Schroder Investment Management Group, Cornerstone Capital Management Holdings LLC., Vanguard Group Inc., Wells Fargo & Company MN, Bank of New York Mellon Corp, Los Angeles Capital Management & Equity Research Inc., Teacher Retirement System of Texas and Acadian Asset Management LLC. Company insiders that have sold Garmin stock in the last year include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Philip Straub and Sean Biddlecombe. View Insider Buying and Selling for Garmin.

Who bought Garmin stock? Who is buying Garmin stock?

Garmin's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, WINTON GROUP Ltd, UBS Asset Management Americas Inc., Todd Asset Management LLC, Teachers Retirement System of The State of Kentucky, American Century Companies Inc. and State Street Corp. View Insider Buying and Selling for Garmin.

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 $51.49.

Analyst Ratings

Consensus Ratings for Garmin (NASDAQ:GRMN) (?)
Ratings Breakdown: 2 Sell Ratings, 6 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $48.60 (5.61% downside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/4/2017Bank of America CorpBoost Price TargetUnderperform$47.00 -> $50.00LowView Rating Details
5/4/2017Goldman Sachs Group IncBoost Price TargetNeutral$52.00 -> $54.00HighView Rating Details
5/4/2017JPMorgan Chase & Co.DowngradeNeutral -> Underweight$55.00 -> $50.00HighView Rating Details
5/2/2017Tigress FinancialInitiated CoverageBuy -> BuyMediumView Rating Details
2/23/2017Oppenheimer Holdings Inc.Reiterated RatingMarket PerformN/AView Rating Details
12/29/2016KeyCorpReiterated RatingEqual WeightN/AView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$43.00N/AView Rating Details
8/25/2016Morgan StanleyLower Price TargetEqual Weight$49.00 -> $46.00N/AView Rating Details
8/22/2016Citigroup IncDowngradeMarket PerformN/AView Rating Details
8/17/2016Longbow ResearchInitiated CoverageNeutralN/AView Rating Details
4/19/2016Pacific CrestReiterated RatingSector PerformN/AView Rating Details
2/20/2016Needham & Company LLCReiterated RatingHoldN/AView Rating Details
2/18/2016Robert W. BairdBoost Price TargetNeutral$39.00 -> $40.00N/AView Rating Details
2/18/2016Credit Suisse Group AGBoost Price TargetUnderperform$32.00 -> $36.00N/AView Rating Details
12/30/2015Dougherty & CoReiterated RatingNeutralN/AView Rating Details
11/19/2015Royal Bank of CanadaReiterated RatingOutperform$40.00N/AView Rating Details
9/28/2015Sterne Agee CRTInitiated CoverageNeutralN/AView Rating Details
9/11/2015DA DavidsonReiterated RatingNeutral$48.00 -> $40.00N/AView Rating Details
(Data available from 5/24/2015 forward)


Earnings History for Garmin (NASDAQ:GRMN)
Earnings by Quarter for Garmin (NASDAQ:GRMN)
Earnings History by Quarter for Garmin (NASDAQ:GRMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/20173/31/2017$0.45$0.52$629.11 million$638.50 millionViewListenView Earnings Details
2/22/2017Q416$0.58$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$0.72$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$0.72$0.76$677.35 million$706.00 millionViewN/AView Earnings Details
7/30/2014Q214$0.75$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)


Earnings Estimates for Garmin (NASDAQ:GRMN)
2017 EPS Consensus Estimate: $2.60
2018 EPS Consensus Estimate: $2.60
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.44$0.46$0.45
Q2 20172$0.82$0.83$0.83
Q3 20172$0.62$0.65$0.64
Q4 20172$0.67$0.70$0.69
Q1 20181$0.46$0.46$0.46
Q2 20181$0.80$0.80$0.80
Q3 20181$0.63$0.63$0.63
Q4 20181$0.71$0.71$0.71
(Data provided by Zacks Investment Research)


Current Dividend Information for Garmin (NASDAQ:GRMN)
Most Recent Dividend:3/31/2017
Annual Dividend:$2.04
Dividend Yield:3.96%
Payout Ratio:76.40% (Trailing 12 Months of Earnings)
75.84% (Based on This Year's Estimates)
74.45% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Garmin (NASDAQ:GRMN)

Dividend History by Quarter for Garmin (NASDAQ:GRMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/17/2016jun 16$0.516/14/20166/16/20166/30/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Garmin (NASDAQ:GRMN)
Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 37.39%
Insider Trades by Quarter for Garmin (NASDAQ:GRMN)
Institutional Ownership by Quarter for Garmin (NASDAQ:GRMN)
Insider Trades by Quarter for Garmin (NASDAQ:GRMN)
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)


Headline Trends for Garmin (NASDAQ:GRMN)
Latest Headlines for Garmin (NASDAQ:GRMN)
DateHeadline logoIntroducing the VIRB® 360: An immersive 360-degree 5.7K camera experience from Garmin® - May 24 at 11:54 AM logoPost Earnings Coverage as Garmin's Quarterly GAAP EPS More than Doubled - May 22 at 11:12 AM logoETFs with exposure to Garmin Ltd. : May 18, 2017 - May 19 at 9:45 AM logoGarmin Ltd. breached its 50 day moving average in a Bearish Manner : GRMN-US : May 19, 2017 - May 19 at 9:45 AM logoIntroducing the Garmin® Head-up Display (GHD) system for ... - Business Wire (press release) - May 17 at 10:32 PM logoIntroducing the Garmin® Head-up Display (GHD) system for integrated flight decks - May 17 at 5:31 PM logoGarmin Ltd. :GRMN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017 - May 17 at 10:23 AM logoGarmin Takes Over Active Corp to Expand Marine Offerings - May 16 at 11:28 AM logoNoteworthy Monday Option Activity: PH, GRMN, WHR - May 15 at 5:07 PM logoGarmin hauls in crowd-sourced boater database company - May 12 at 6:11 PM logoGarmin (GRMN) Acquires Active Corporation - May 11 at 11:10 PM logoGarmin Acquires Active Corporation For Marine Database - May 11 at 11:10 PM logoGarmin (GRMN) Acquires Active Corporation - - May 11 at 6:09 PM logoGarmin® acquires Active Corporation, Developer of a leading electronic marine database - May 11 at 6:09 PM logoWhat an Immigrant's Murder in Kansas Says About the U.S. - May 11 at 6:08 PM logoGarmin® Dash Cam™ 65W arrives with a 180-degree field of view - May 10 at 11:49 AM logoIntroducing the Garmin eLog™, a subscription-free, FMCSA-compliant ELD for truck drivers - May 10 at 11:49 AM logo4 Companies that Could Eat Fitbit's Lunch - May 9 at 12:58 PM logoGarmin® adds autopilot control, ability to mark MFD waypoints and more to its new quatix® 5 marine GPS smartwatch series - May 9 at 12:46 PM logo4 Companies that Could Eat Fitbit's Lunch - May 9 at 12:46 PM logoGarmin Ltd. (GRMN) Downgraded by Zacks Investment Research - May 8 at 3:34 PM logoGarmin Ltd. Expected to Earn Q2 2017 Earnings of $0.83 Per Share (GRMN) - May 8 at 8:21 AM logoJPMorgan Chase & Co. Lowers Garmin Ltd. (GRMN) to Underweight - May 7 at 1:36 PM logoSomewhat Favorable News Coverage Very Likely to Impact Garmin (GRMN) Share Price - May 6 at 12:52 AM logoGarmin offsets 'sharp decline' in activity trackers with smartwatch sales - May 5 at 5:43 PM logoQ2 2017 EPS Estimates for Garmin Ltd. (GRMN) Cut by Analyst - May 5 at 8:54 AM logoGoldman Sachs Group Inc Reaffirms Neutral Rating for Garmin Ltd. (GRMN) - May 4 at 11:48 PM logoGarmin Ltd. (GRMN) Raised to "Buy" at Zacks Investment Research - May 4 at 11:30 PM logoGarmin Ltd. (GRMN) Receives "Underperform" Rating from Bank of America Corp - May 4 at 11:28 PM logoEarnings Reaction History: Garmin Ltd., 30.0% Follow-Through Indicator, 4.9% Sensitive - Nasdaq - May 4 at 10:42 PM logoGarmin Outlook Called 'Bleak,' Expected To Underperform Remainder Of 2017 - Benzinga - May 4 at 10:42 PM logoGarmin Ltd. (GRMN) PT Raised to $54 at Goldman Sachs - - May 4 at 10:42 PM logoGarmin Outlook Called 'Bleak,' Expected To Underperform Remainder Of 2017 - May 4 at 5:42 PM logoEdited Transcript of GRMN earnings conference call or presentation 3-May-17 2:30pm GMT - May 4 at 12:03 PM logoGarmin (GRMN) Q1 2017 Results - Earnings Call Transcript - May 3 at 10:19 PM logoGarmin Ltd. (GRMN) Tops Q1 EPS by 7c, Beats on Revenues; Maintains FY17 Guidance - May 3 at 5:18 PM logoGarmin Reports First Quarter Revenue and Earnings Growth - May 3 at 5:18 PM logoInvestor Network: Garmin Ltd. to Host Earnings Call - May 3 at 5:18 PM logoGarmin's (GRMN) Q1 Earnings and Revenues Beat Estimates - May 3 at 5:18 PM logoApple Watch Sales Mystery: How Many Did Company Sell In Q2? - May 3 at 5:18 PM logoGarmin (GRMN) Q1 Earnings, Revenues Surpass Estimates - May 3 at 5:18 PM logoGarmin -2% as drop in fitness-related sales spurs concerns - May 3 at 2:02 PM logoGarmin Ltd. (GRMN) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS - May 3 at 1:01 PM logo Brokerages Anticipate Garmin Ltd. (GRMN) Will Announce Quarterly Sales of $633.53 Million - May 3 at 1:01 PM logoThe 3 Best Dividend Stocks in Smartwatches - May 3 at 11:47 AM logoGarmin Ltd. (GRMN) Issues FY17 Earnings Guidance - May 3 at 11:20 AM logoGarmin Sees Unusually High Options Volume (GRMN) - May 3 at 7:22 AM logoGarmin beats Street 1Q forecasts - May 3 at 7:22 AM logoGarmin (GRMN) Q1 Earnings: Will it Pull Off a Surprise? - Yahoo Finance - May 2 at 3:17 PM logoTigress Financial Partners Starts Garmin Ltd. (GRMN) at Buy; 'Much More than a Navigation Company' - - May 2 at 3:17 PM



Garmin (GRMN) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by Staff