Garmin Stock Price, Forecast & Analysis (NASDAQ:GRMN)

Garmin trades on the NASDAQ under the ticker symbol "GRMN."

Garmin announced a quarterly dividend on Tuesday, June 11th. Investors of record on Monday, September 16th will be paid a dividend of $0.57 per share on Monday, September 30th. This represents a $2.28 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, September 13th. View Garmin's Dividend History.

Garmin Ltd. (NASDAQ:GRMN) issued its earnings results on Wednesday, October, 30th. The scientific and technical instruments company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.95 by $0.32. The scientific and technical instruments company had revenue of $934.38 million for the quarter, compared to analyst estimates of $869.02 million. Garmin had a return on equity of 18.73% and a net margin of 21.79%. The business's revenue was up 15.4% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. View Garmin's Earnings History.

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Garmin.

Garmin updated its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of approx $4.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.96. The company issued revenue guidance of approx $3.65 billion, compared to the consensus revenue estimate of $3.60 billion.

6 Wall Street analysts have issued twelve-month target prices for Garmin's shares. Their forecasts range from $70.00 to $85.00. On average, they expect Garmin's share price to reach $76.59 in the next year. This suggests that the stock has a possible downside of 20.9%. View Analyst Price Targets for Garmin.

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

Media coverage about GRMN stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Garmin earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned news stories about the scientific and technical instruments company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Garmin.

Some companies that are related to Garmin include Raytheon (RTN), Northrop Grumman (NOC), L3Harris (LHX), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Coda Octopus Group (CODA), Applied Energetics (AERG) and PASSUR Aerospace (PSSR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include AT&T (T), Verizon Communications (VZ), Micron Technology (MU), Cisco Systems (CSCO), General Electric (GE), Netflix (NFLX), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Visa (V) and Broadcom (AVGO).

Garmin's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.97%), First Trust Advisors LP (0.68%), California Public Employees Retirement System (0.51%), Hexavest Inc. (0.26%), Teacher Retirement System of Texas (0.18%) and Rhumbline Advisers (0.12%). 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.

GRMN stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Teacher Retirement System of Texas, Russell Investments Group Ltd., Boston Advisors LLC, Assenagon Asset Management S.A., Great West Life Assurance Co. Can, Denali Advisors LLC and Kornitzer Capital Management Inc. KS. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Min H Kao, Patrick Desbois and Sean Biddlecombe. View Insider Buying and Selling for Garmin.

GRMN stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, Banco Santander S.A., Hexavest Inc., Janney Montgomery Scott LLC, Rhumbline Advisers and Sciencast Management LP. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of GRMN stock can currently be purchased for approximately $96.80.

Garmin has a market capitalization of $19.17 billion and generates $3.35 billion in revenue each year. The scientific and technical instruments company earns $694.08 million in net income (profit) each year or $3.69 on an earnings per share basis. Garmin employs 13,000 workers across the globe.View Additional Information About Garmin.

The official website for Garmin is http://www.garmin.com/.

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]