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: Communication & Satellite Equipment
  • Sub-Industry: Consumer Electronics
  • Symbol: NASDAQ:GRMN
  • CUSIP: H2906T10
  • Web:
  • Market Cap: $9.60476 billion
  • Outstanding Shares: 187,703,000
Average Prices:
  • 50 Day Moving Avg: $51.31
  • 200 Day Moving Avg: $51.24
  • 52 Week Range: $46.05 - $55.74
  • Trailing P/E Ratio: 14.38
  • Foreward P/E Ratio: 18.02
  • P/E Growth: 4.23
Sales & Book Value:
  • Annual Revenue: $3.04 billion
  • Price / Sales: 3.16
  • Book Value: $18.56 per share
  • Price / Book: 2.76
  • Annual Dividend: $2.04
  • Dividend Yield: 4.0%
  • EBIDTA: $726.79 million
  • Net Margins: 22.07%
  • Return on Equity: 15.55%
  • Return on Assets: 11.76%
  • Current Ratio: 2.48%
  • Quick Ratio: 1.92%
  • Average Volume: 1.05 million shs.
  • Beta: 0.86
  • Short Ratio: 17.99

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 declared a quarterly dividend on Wednesday, July 5th. Stockholders of record on Friday, September 15th will be given a dividend of $0.51 per share on Friday, September 29th. This represents a $2.04 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, September 14th. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.88 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.81 by $0.07. The company had revenue of $816.89 million for the quarter, compared to analysts' expectations of $806.67 million. Garmin had a net margin of 22.07% and a return on equity of 15.55%. Garmin's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 EPS. View Garmin's Earnings History.

When will Garmin make its next earnings announcement?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Garmin.

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

Garmin updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of ~$2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.68. The company issued revenue guidance of ~$3.04 billion, compared to the consensus revenue estimate of $3.01 billion.

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

10 analysts have issued twelve-month price objectives for Garmin's shares. Their forecasts range from $43.00 to $60.00. On average, they expect Garmin's stock price to reach $51.17 in the next year. View Analyst Ratings for Garmin.

Who are some of Garmin's key competitors?

Who are Garmin's key executives?

Garmin's management team includes the folowing people:

  • Min H. Kao, Executive Chairman of the Board
  • Clifton A. Pemble, President, Chief Executive Officer, Director
  • Douglas G. Boessen, Chief Financial Officer, Treasurer
  • Andrew R. Etkind, Vice President, General Counsel, Secretary
  • Donald H. Eller, Independent Director
  • Joseph J. Hartnett CPA, Independent Director
  • Charles W. Peffer, Independent Director
  • Thomas P. Poberezny, Independent Director
  • Rebecca R. Tilden, Independent Director

Who owns Garmin stock?

Garmin's stock is owned by a number of of institutional and retail investors. Top institutional investors include BURRELL JONATHAN (15.00%), BURRELL JONATHAN (14.80%), BlackRock Inc. (6.02%), Vanguard Group Inc. (5.58%), State Street Corp (3.30%) and Bank of New York Mellon Corp (1.18%). Company insiders that own Garmin stock include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Donald Eller, Jonathan Burrell, 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 Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, Todd Asset Management LLC, Teachers Retirement System of The State of Kentucky, JPMorgan Chase & Co., Gotham Asset Management LLC, Quantitative Investment Management LLC and Stevens Capital Management LP. Company insiders that have sold Garmin stock in the last year include Andrew R Etkind, Clifton A Pemble, Jonathan Burrell 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 Janus Henderson Group PLC, Bank of New York Mellon Corp, Marshall Wace North America L.P., Principal Financial Group Inc., Alliancebernstein L.P., BlackRock Inc., Koch Industries Inc. and Commerce Bank. 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.

What is Garmin's stock price today?

One share of Garmin stock can currently be purchased for approximately $51.17.

MarketBeat Community Rating for Garmin (NASDAQ GRMN)
Community Ranking:  1.4 out of 5 ()
Outperform Votes:  166 (Vote Outperform)
Underperform Votes:  444 (Vote Underperform)
Total Votes:  610
MarketBeat's community ratings are surveys of what our community members think about Garmin and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Garmin (NASDAQ:GRMN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 5 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.10)
Consensus Price Target: $51.17 (0.01% downside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/8/2017Oppenheimer Holdings, Inc.Reiterated RatingOutperform -> Market PerformLowView Rating Details
8/3/2017Longbow ResearchReiterated RatingBuyLowView Rating Details
7/31/2017Morgan StanleySet Price TargetHold$47.00 -> $50.00LowView Rating Details
7/10/2017Tigress FinancialReiterated RatingBuyLowView Rating Details
5/4/2017Bank of America CorporationBoost Price TargetUnderperform$47.00 -> $50.00LowView Rating Details
5/4/2017Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$52.00 -> $54.00HighView Rating Details
5/4/2017J P Morgan Chase & CoDowngradeNeutral -> Underweight$55.00 -> $50.00HighView Rating Details
12/29/2016KeyCorpReiterated RatingEqual WeightN/AView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$43.00N/AView Rating Details
8/22/2016Citigroup Inc.DowngradeMarket PerformN/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 GroupBoost 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 8/20/2015 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
10/24/2017$0.66N/AView Earnings Details
8/2/20176/30/2017$0.81$0.88$806.67 million$816.89 millionViewListenView Earnings Details
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: $2.65
2018 EPS Consensus Estimate: $2.75
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.44$0.46$0.45
Q2 20172$0.82$0.83$0.83
Q3 20173$0.64$0.67$0.66
Q4 20173$0.70$0.73$0.72
Q1 20182$0.46$0.57$0.52
Q2 20182$0.80$0.87$0.84
Q3 20182$0.63$0.68$0.66
Q4 20182$0.71$0.78$0.75
(Data provided by Zacks Investment Research)


Current Dividend Information for Garmin (NASDAQ:GRMN)
Next Dividend:9/29/2017
Annual Dividend:$2.04
Dividend Yield:3.99%
Payout Ratio:57.46% (Trailing 12 Months of Earnings)
73.12% (Based on This Year's Estimates)
71.83% (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: 42.88%
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
8/11/2017Jonathan BurrellMajor ShareholderSell232,000$51.36$11,915,520.00View SEC Filing  
8/4/2017Sean BiddlecombeInsiderSell1,697$51.83$87,955.51View SEC Filing  
5/31/2017Jonathan BurrellMajor ShareholderSell200,000$52.11$10,422,000.00View SEC Filing  
5/30/2017Jonathan BurrellMajor ShareholderSell100,000$52.23$5,223,000.00View SEC Filing  
5/26/2017Jonathan BurrellMajor ShareholderSell100,000$52.46$5,246,000.00View SEC Filing  
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 logoFY2017 Earnings Forecast for Garmin Ltd. Issued By Dougherty & Co (GRMN) - August 18 at 7:48 AM logoETFs with exposure to Garmin Ltd. : August 17, 2017 - August 18 at 2:58 AM logoBetter Buy: Fitbit Inc. vs Garmin Ltd. - August 16 at 3:46 PM logo[$$] Garmin's Smartwatches Tick the Right Boxes - August 14 at 7:35 PM logoGarmin Ltd. (NASDAQ:GRMN) Major Shareholder Sells $11,915,520.00 in Stock - August 14 at 1:27 PM logoSee what the IHS Markit Score report has to say about Garmin Ltd. - August 12 at 6:20 PM logoGarmin Ltd. breached its 50 day moving average in a Bearish Manner : GRMN-US : August 11, 2017 - August 12 at 12:43 AM logoGarmin Ltd. (NASDAQ:GRMN) Receives Average Recommendation of "Hold" from Analysts - August 11 at 3:02 PM logoGarmin Ltd. (GRMN) Given Market Perform Rating at Oppenheimer Holdings, Inc. - August 8 at 10:14 PM logoFY2017 Earnings Forecast for Garmin Ltd. Issued By KeyCorp (GRMN) - August 7 at 7:46 AM logoGarmin Ltd. (GRMN) Expected to Post Earnings of $0.65 Per Share - August 5 at 10:24 AM logoGarmin Ltd. (GRMN) Cut to "Strong Sell" at BidaskClub - August 4 at 11:52 PM logoGarmin Ltd. (GRMN) Insider Sean Biddlecombe Sells 1,697 Shares - August 4 at 8:40 PM logoGarmin Ltd. :GRMN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 4, 2017 - August 4 at 7:27 PM logoOppenheimer Holdings Analysts Cut Earnings Estimates for Garmin Ltd. (GRMN) - August 4 at 7:42 AM logoResearch Analysts Issue Forecasts for Garmin Ltd.'s Q3 2017 Earnings (NASDAQ:GRMN) - August 4 at 7:42 AM logoGarmin Ltd. (NASDAQ:GRMN) Earns Buy Rating from Longbow Research - August 3 at 7:54 PM logoGPS provider Garmin's stock jumps 7.5% premarket on earnings beat, raised guidance - MarketWatch - August 3 at 4:06 PM logoEarnings Reaction History: Garmin Ltd., 40.0% Follow-Through Indicator, 4.8% Sensitive - Nasdaq - August 3 at 4:06 PM logoBattle Of Fitness Trackers: Oppenheimer Rates Fitbit At Outperform, Garmin At Perform - August 3 at 3:03 PM logoThe Post-Earnings Rally in Garmin Ltd. (GRMN) Stock Is a Head Fake - August 3 at 10:02 AM logoEdited Transcript of GRMN earnings conference call or presentation 2-Aug-17 2:30pm GMT - August 3 at 3:06 AM logoGarmin: High-end smartwatches lead the way in revenue growth - August 2 at 9:56 PM logoRecent GRMN News - August 2 at 4:25 PM logoGarmin Ltd. (GRMN) Tops Q2 EPS by 7c; Raises Outlook - August 2 at 4:25 PM logoGarmin Stock Soaring on Earnings Beat - August 2 at 4:25 PM logoGarmin beats profit estimates as outdoor device sales soar - August 2 at 4:25 PM logoStocks Turn Mixed as Rio Tinto Weighs on Materials, Apple Leads Tech - August 2 at 4:25 PM logoGarmin (GRMN) Surpasses Q2 Earnings Estimates, Raises View - August 2 at 4:25 PM logoGarmin tops Street 2Q forecasts - August 2 at 4:25 PM logoApple Gains Put Dow on Track for Sixth Straight Record Close - August 2 at 4:25 PM logoApple leading the IQ100 - August 2 at 4:25 PM logoMomentum Grows for Wearables with Fitbit on Tap - August 2 at 4:25 PM logoDow Finishes Above 22,000 and Posts Sixth Straight Record as Apple Reaches New Heights - August 2 at 4:25 PM logoGarmin Ltd. (NASDAQ:GRMN) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS - August 2 at 2:42 PM logoAnalyst: Garmin's Strong Q2 Has 'Mixed' Readthrough For Fitbit - August 2 at 2:19 PM logoGarmin Ltd. (NASDAQ:GRMN) Issues FY17 Earnings Guidance - August 2 at 9:52 AM logoGarmin +6.3% after Q2 beat, raised 2017 guidance - August 2 at 9:44 AM logoGarmin (GRMN) August weekly volatility at 77 into Q2 - - August 2 at 12:51 AM logoWhy Garmin Ltd. (GRMN) Stock Should Still Be Avoided - August 1 at 12:29 PM logoWhat Lies in Store for Garmin (GRMN) this Earnings Season? - Nasdaq - July 31 at 11:53 PM logoGarmin Ltd. breached its 50 day moving average in a Bearish Manner : GRMN-US : July 31, 2017 - July 31 at 6:48 PM logoWhat Lies in Store for Garmin (GRMN) this Earnings Season? - July 31 at 6:48 PM logoGarmin Ltd. (NASDAQ:GRMN) PT Set at $50.00 by Morgan Stanley - July 31 at 3:32 PM logoGarmin Ltd. (NASDAQ:GRMN) Downgraded to Sell at BidaskClub - July 29 at 4:48 PM logoNorsat International (NSAT) versus Garmin (GRMN) Head-To-Head Review - July 28 at 4:13 PM logoGarmin Ltd. (GRMN) Set to Announce Earnings on Wednesday - July 27 at 11:33 AM logoTomTom Struggles In Wearable Tech Market, Admits Focus Is Elsewhere - July 26 at 7:51 PM logoGarmin® introduces the Rino® 700, a budget-friendly, powerful five-watt two-way handheld radio - July 26 at 12:32 AM logoGarmin® introduces the Rino® 700, a budget-friendly, powerful five ... - Business Wire (press release) - July 25 at 7:30 PM



Garmin (GRMN) Chart for Sunday, August, 20, 2017

This page was last updated on 8/20/2017 by Staff