NASDAQ:GRMNGarmin Stock Price, Forecast & News

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 stock has increased by 19.8% and is now trading at $96.49. View which stocks have been most impacted by Coronavirus.

9 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Garmin.

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

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

Garmin announced a quarterly dividend on Wednesday, June 10th. Shareholders of record on Monday, March 15th will be paid a dividend of $0.61 per share on Wednesday, March 31st. This represents a $2.44 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, March 12th. View Garmin's dividend history.

9 analysts have issued 12 month target prices for Garmin's stock. Their forecasts range from $76.00 to $118.00. On average, they anticipate Garmin's stock price to reach $96.00 in the next year. This suggests that the stock has a possible downside of 0.5%. View analysts' price targets for Garmin.

Headlines about GRMN stock have trended somewhat negative on Tuesday, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Garmin earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news stories 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 about Garmin.

Garmin saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,090,000 shares, an increase of 18.1% from the May 31st total of 4,310,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 4.2 days. Currently, 3.7% of the company's stock are short sold. View Garmin's Current Options Chain.

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.

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).

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

Garmin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.17%), Scout Investments Inc. (0.10%), State of Alaska Department of Revenue (0.05%), Envestnet Asset Management Inc. (0.05%), Contravisory Investment Management Inc. (0.04%) and City Holding Co. (0.01%). 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.

GRMN stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Wedge Capital Management L L P NC, Rockland Trust Co., Scout Investments Inc., Contravisory Investment Management Inc., and HBW Advisory Services LLC. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Matthew Munn, Min H Kao, Patrick Desbois, and Sean Biddlecombe. View insider buying and selling activity for Garmin.

GRMN stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Icon Wealth Partners LLC, City Holding Co., Toth Financial Advisory Corp, Global Retirement Partners LLC, Park National Corp OH, American National Bank, and OmniStar Financial Group Inc.. View insider buying and selling activity 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 $96.49.

Garmin has a market capitalization of $18.43 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.

The official website for Garmin is 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]