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NASDAQ:GRMNGarmin Stock Price, Forecast & News

$83.88
-0.32 (-0.38 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$83.63
Now: $83.88
$84.49
50-Day Range
$71.56
MA: $79.65
$84.20
52-Week Range
$61.04
Now: $83.88
$105.58
Volume688,800 shs
Average Volume1.07 million shs
Market Capitalization$16.02 billion
P/E Ratio16.48
Dividend Yield2.72%
Beta0.97
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars


Industry, Sector and Symbol

Industry Search & navigation equipment
Sub-IndustryConsumer Electronics
SectorComputer and Technology
Current SymbolNASDAQ:GRMN
CUSIPH2906T10
Phone41-52-630-1600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.76 billion
Cash Flow$4.82 per share
Book Value$24.20 per share

Profitability

Net Income$952.49 million

Miscellaneous

Employees15,000
Market Cap$16.02 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 reached pandemic status according to the World Health Organization (WHO). Since then, GRMN shares have increased by 4.2% and is now trading at $83.88. 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) released its quarterly earnings results on Wednesday, April, 29th. The scientific and technical instruments company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.84 by $0.07. The scientific and technical instruments company earned $856.11 million during the quarter, compared to analysts' expectations of $817.65 million. Garmin had a return on equity of 19.38% and a net margin of 25.30%. The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. 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 given a dividend of $0.61 per share on Tuesday, June 30th. This represents a $2.44 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, June 12th. This is an increase from Garmin's previous quarterly dividend of $0.57. View Garmin's dividend history.

What price target have analysts set for GRMN?

8 Wall Street analysts have issued 1-year price objectives for Garmin's stock. Their forecasts range from $76.00 to $104.00. On average, they expect Garmin's share price to reach $91.40 in the next year. This suggests a possible upside of 9.0% from the stock's current price. View analysts' price targets for Garmin.

Has Garmin been receiving favorable news coverage?

Media stories about GRMN stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Garmin earned a news impact score of 0.8 on InfoTrie's scale. They also gave media headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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 trading volume of 1,200,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.5% of the shares of the stock are sold short. View Garmin's Current Options Chain.

Who are some of Garmin's key 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 many different 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, Pao-Chang Huang, 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 Korea Investment CORP. 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 bought 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 $83.88.

How big of a company is Garmin?

Garmin has a market capitalization of $16.02 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 5/25/2020 by MarketBeat.com Staff

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