NASDAQ:GRMNGarmin Stock Price, Forecast & News

$93.27

-2.45 (-2.56 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$92.87

Now: $93.27▼

$95.43

50-Day Range

$77.30

MA: $82.38▼

$95.72

52-Week Range

$61.04

Now: $93.27▼

$105.58

Volume1.23 million shs

Average Volume1.09 million shs

Market Capitalization$17.82 billion

P/E Ratio18.32

Dividend Yield2.38%

Beta0.99

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.

Beat the Market (BTM) Rank^™

2.1 Analyst's Opinion

Consensus Rating
Garmin has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $91.40, Garmin has a potential downside of 2.0% from its current price of $93.27.
Amount of Analyst Coverage
Garmin has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
Garmin has received 415 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Garmin has received 703 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Garmin has received 62.88% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Garmin is a leading dividend payer. It pays a dividend yield of 2.38%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Garmin has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Garmin is 51.24 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Garmin will have a dividend payout ratio of 55.88 % next year. This indicates that Garmin will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Garmin insiders have sold 150.31% more of their company's stock than they have bought. Specifically, they have bought $48,444.00 in company stock and sold $121,260.00 in company stock.
Percentage Held by Insiders
Only 22.00% of the stock of Garmin is held by insiders.
Percentage Held by Institutions
46.95% of the stock of Garmin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Garmin are expected to grow by 31.61% in the coming year, from $3.10 to $4.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Garmin is 18.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Garmin is 18.32, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.64.
Price to Earnings Growth Ratio
Garmin has a PEG Ratio of 4.06. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Garmin has a P/B Ratio of 3.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.05 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Search & navigation equipment

Sub-IndustryConsumer Electronics

SectorComputer and Technology

Current SymbolNASDAQ:GRMN

Previous Symbol

CUSIPH2906T10

CIK1121788

Webwww.garmin.com

Phone41-52-630-1600

Debt

Debt-to-Equity Ratio0.01

Current Ratio3.75

Quick Ratio2.74

Price-To-Earnings

Trailing P/E Ratio18.32

Forward P/E Ratio30.09

P/E Growth4.06

Sales & Book Value

Annual Sales$3.76 billion

Price / Sales4.74

Cash Flow$4.86 per share

Price / Cash Flow19.18

Book Value$24.20 per share

Price / Book3.85

Profitability

EPS (Most Recent Fiscal Year)$4.45

Net Income$952.49 million

Net Margins25.30%

Return on Equity19.38%

Return on Assets15.06%

Miscellaneous

Employees15,000

Outstanding Shares191,018,000

Market Cap$17.82 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Garmin (NASDAQ:GRMN) Frequently Asked Questions

How has Garmin's stock been impacted by COVID-19 (Coronavirus)?

Garmin's stock was trading at $80.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GRMN stock has increased by 15.8% and is now trading at $93.27. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Garmin?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Garmin.

When is Garmin's next earnings date?

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Garmin.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) posted its quarterly earnings data on Wednesday, April, 29th. The scientific and technical instruments company reported $0.91 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.84 by $0.07. The scientific and technical instruments company earned $856.11 million during the quarter, compared to analyst estimates of $817.65 million. Garmin had a net margin of 25.30% and a return on equity of 19.38%. The firm's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. View Garmin's earnings history.

How often does Garmin pay dividends? What is the dividend yield for Garmin?

Garmin announced a quarterly dividend on Wednesday, February 19th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.61 per share on Tuesday, June 30th. This represents a $2.44 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, June 12th. This is a boost from Garmin's previous quarterly dividend of $0.57. View Garmin's dividend history.

What price target have analysts set for GRMN?

8 equities research analysts have issued 1 year target prices for Garmin's shares. Their forecasts range from $76.00 to $104.00. On average, they anticipate Garmin's share price to reach $91.40 in the next year. This suggests that the stock has a possible downside of 2.0%. View analysts' price targets for Garmin.

Has Garmin been receiving favorable news coverage?

Media coverage about GRMN stock has trended very negative this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Garmin earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave media 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 effect on the company's share price in the next few days. View the latest news aboutGarmin.

Are investors shorting Garmin?

Garmin saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,470,000 shares, an increase of 19.2% from the April 30th total of 2,910,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.5% of the company's shares are short sold. View Garmin's Current Options Chain.

Who are some of Garmin's key competitors?

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

What other stocks do shareholders of Garmin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include AT&T (T), Cisco Systems (CSCO), NVIDIA (NVDA), Verizon Communications (VZ), Walt Disney (DIS), Intel (INTC), Alibaba Group (BABA), Home Depot (HD), CVS Health (CVS) and Visa (V).

Who are Garmin's key executives?

Garmin's management team includes the following people:

Dr. Min-Hwan Kao, Co-Founder & Exec. Chairman (Age 70)
Mr. Clifton Albert Pemble, Pres, CEO & Director (Age 53)
Mr. Douglas Gerard Boessen, CFO, Principal Accounting Officer & Treasurer (Age 56)
Mr. Andrew R. Etkind, VP, Gen. Counsel & Sec. (Age 63)
Mr. Gary L. Burrell, Chairman Emeritus (Age 81)

What is Garmin's stock symbol?

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

Who are Garmin's major shareholders?

Garmin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.90%), State Street Corp (3.30%), Geode Capital Management LLC (1.69%), JPMorgan Chase & Co. (1.38%), Robeco Institutional Asset Management B.V. (0.97%) and Disciplined Growth Investors Inc. MN (0.83%). Company insiders that own Garmin stock include Clifton A Pemble, Joseph J Hartnett, Matthew Munn, Min H Kao, Patrick Desbois, Philip Straub and Sean Biddlecombe. View institutional ownership trends for Garmin.

Which institutional investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Squarepoint Ops LLC, AQR Capital Management LLC, Avalon Investment & Advisory, Janus Henderson Group PLC, Hexavest Inc., Morgan Stanley, and Morgan Stanley. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Matthew Munn, Min H Kao, and Sean Biddlecombe. View insider buying and selling activity for Garmin.

Which institutional investors are buying Garmin stock?

GRMN stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., APG Asset Management N.V., Pictet Asset Management Ltd., Wells Fargo & Company MN, Ceredex Value Advisors LLC, Alliancebernstein L.P., Virginia Retirement Systems ET AL, and Victory Capital Management Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $93.27.

How big of a company is Garmin?

Garmin has a market capitalization of $17.82 billion and generates $3.76 billion in revenue each year. The scientific and technical instruments company earns $952.49 million in net income (profit) each year or $4.45 on an earnings per share basis. Garmin employs 15,000 workers across the globe.

What is Garmin's official website?

The official website for Garmin is 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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff