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: $9.7198 billion
  • Outstanding Shares: 188,156,000
Average Prices:
  • 50 Day Moving Avg: $51.40
  • 200 Day Moving Avg: $50.81
  • 52 Week Range: $45.63 - $56.19
  • Trailing P/E Ratio: 15.02
  • Foreward P/E Ratio: 19.47
  • P/E Growth: 4.96
Sales & Book Value:
  • Annual Revenue: $3.03 billion
  • Price / Sales: 3.26
  • Book Value: $19.67 per share
  • Price / Book: 2.67
  • Annual Dividend: $2.04
  • Dividend Yield: 4.0%
  • EBIDTA: $724.33 million
  • Net Margins: 21.78%
  • Return on Equity: 15.86%
  • Return on Assets: 11.91%
  • Current Ratio: 3.77%
  • Quick Ratio: 2.84%
  • Average Volume: 1.07 million shs.
  • Beta: 0.87
  • 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 announced a quarterly dividend on Wednesday, July 5th. Investors of record on Friday, September 15th will be paid a dividend of $0.51 per share on Friday, September 29th. This represents a $2.04 annualized dividend and a dividend yield of 3.88%. 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, May, 3rd. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The company earned $638.50 million during the quarter, compared to analyst estimates of $629.11 million. Garmin had a net margin of 21.78% and a return on equity of 15.86%. Garmin's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. View Garmin's Earnings History.

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

Garmin updated its FY17 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.66. The company issued revenue guidance of $3.02 billion, compared to the consensus revenue estimate of $3.02 billion.

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

10 analysts have issued 12-month price targets for Garmin's stock. Their predictions range from $43.00 to $60.00. On average, they anticipate Garmin's share price to reach $50.50 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 variety of of institutional and retail investors. Top institutional investors include BURRELL JONATHAN (15.00%), Bank of Montreal Can (0.22%), APG Asset Management N.V. (0.07%), Contravisory Investment Management Inc. (0.06%), Meritage Portfolio Management (0.06%) and Chevy Chase Trust Holdings Inc. (0.05%). 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 Capital Investment Advisors LLC, Bank of Montreal Can, Russell Investments Group Ltd., Visionary Asset Management Inc., Gateway Investment Advisers LLC, Exxonmobil Investment Management Inc. TX, Gilman Hill Asset Management LLC and Meritage Portfolio Management. Company insiders that have sold Garmin stock in the last year include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Jonathan Burrell, Philip Straub 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 PGGM Investments, Quantitative Systematic Strategies LLC, Mn Services Vermogensbeheer B.V., Breton Hill Capital Ltd., ING Groep NV, Atria Investments LLC, Fox Run Management L.L.C. and Cutler Group LP. 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 $52.56.

MarketBeat Community Rating for Garmin (NASDAQ GRMN)
Community Ranking:  1.3 out of 5 ()
Outperform Votes:  159 (Vote Outperform)
Underperform Votes:  430 (Vote Underperform)
Total Votes:  589
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: $50.50 (3.92% downside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/19/2017Longbow ResearchUpgradeNeutral -> Buy$60.00HighView 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
2/23/2017Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformN/AView Rating Details
12/29/2016KeyCorpReiterated RatingEqual WeightN/AView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$43.00N/AView Rating Details
8/25/2016Morgan StanleyLower Price TargetEqual Weight$49.00 -> $46.00N/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 7/26/2015 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
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: $2.60
2018 EPS Consensus Estimate: $2.60
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.44$0.46$0.45
Q2 20172$0.82$0.83$0.83
Q3 20172$0.62$0.65$0.64
Q4 20172$0.67$0.70$0.69
Q1 20181$0.46$0.46$0.46
Q2 20181$0.80$0.80$0.80
Q3 20181$0.63$0.63$0.63
Q4 20181$0.71$0.71$0.71
(Data provided by Zacks Investment Research)


Current Dividend Information for Garmin (NASDAQ:GRMN)
Next Dividend:9/29/2017
Annual Dividend:$2.04
Dividend Yield:3.88%
Payout Ratio:58.45% (Trailing 12 Months of Earnings)
76.12% (Based on This Year's Estimates)
75.56% (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: 41.71%
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
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 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 logoFitbit Stock Moves Toward Support as Wearables Waver - Investopedia - July 25 at 2:15 AM logoETFs with exposure to Garmin Ltd. : July 24, 2017 - July 24 at 9:15 PM logoGarmin finds a new target for its wearables: seniors - July 24 at 9:15 PM logoGarmin Ltd. (GRMN) acquires Alphamantis - - July 20 at 10:05 PM logoGarmin acquires cyclist service provider Alphamantis - July 20 at 6:41 PM logoGarmin Ltd. breached its 50 day moving average in a Bullish Manner : GRMN-US : July 20, 2017 - July 20 at 5:03 PM logoGarmin® acquires Alphamantis™ - July 20 at 5:03 PM logoFinancial Contrast: Garmin (NASDAQ:GRMN) and I.D. Systems (IDSY) - July 20 at 10:43 AM logoNoteworthy Wednesday Option Activity: MKC, CVS, GRMN - July 19 at 7:52 PM logo5 Reasons Garmin Was Upgraded To Buy - July 19 at 7:51 PM logoGarmin +2.4% as Longbow upgrades, seeing return to growth - July 19 at 10:55 AM logoGarmin® introduces another unique, cost-effective solution to ADS-B Out for general aviation - July 18 at 9:06 PM logoGarmin® unveils revolutionary, cost-effective retrofit autopilots for general aviation aircraft - July 18 at 9:06 PM logoGarmin® introduces industry-first, all-in-one portable ADS-B and SiriusXM Aviation receiver - July 18 at 9:06 PM logoGarmin® brings unique style and increased functionality with the next-generation D2™ Charlie aviator watch - July 18 at 9:06 PM logoK4Connect and Garmin Collaborate to Revolutionize Senior Living Community Wellness - July 18 at 9:06 PM logoHead-To-Head Comparison: I.D. Systems (IDSY) and Garmin (GRMN) - July 17 at 11:31 AM logoGarmin Ltd. (NASDAQ:GRMN) Given Average Recommendation of "Hold" by Brokerages - July 17 at 10:54 AM logo$803.69 Million in Sales Expected for Garmin Ltd. (NASDAQ:GRMN) This Quarter - July 16 at 10:26 AM logoETFs with exposure to Garmin Ltd. : July 14, 2017 - July 14 at 8:17 PM logoGarmin Ltd. (GRMN) Expected to Post Earnings of $0.81 Per Share - July 14 at 8:22 AM logoWall Street's M&A Chatter From July 12: Garmin, Qorvo, ABM Industries-GCA Services, China Commercial Credit ... - Benzinga - July 14 at 2:35 AM logoHead to Head Analysis: Garmin (GRMN) and Norsat International (NSAT) - July 13 at 2:19 PM logoWall Street's M&A Chatter From July 12: Garmin, Qorvo, ABM Industries-GCA Services, China Commercial Credit-Sorghum - July 13 at 8:15 AM logoThese 3 Tech Dividend Stocks Are Ridiculously Cheap - July 12 at 8:52 PM logoNotable Wednesday Option Activity: GRMN, MNRO, Z - July 12 at 7:54 PM logoComparing PC-Tel (PCTI) & Garmin (GRMN) - July 11 at 7:36 AM logoWidow of slain Garmin engineer shares devastation caused by hate crimes - July 11 at 5:11 AM logoGarmin Ltd. (GRMN) Stock Rating Reaffirmed by Tigress Financial - July 10 at 10:20 PM logoGarmin® expands revolutionary Panoptix sonar capabilities ... - Business Wire (press release) - July 10 at 7:08 PM logoWhy Garmin Is Incredibly Well-Positioned For The Self-Driving Age - Benzinga - July 10 at 7:08 PM logoGRMN Crosses Below Key Moving Average Level - Nasdaq - July 10 at 7:08 PM logoGarmin® expands revolutionary Panoptix sonar capabilities - July 10 at 7:08 PM logoWhy Garmin Is Incredibly Well-Positioned For The Self-Driving Age - July 10 at 7:08 PM logoDividend Growth of Seagate Technology and Garmin - July 8 at 11:14 AM logoGarmin® announces the Foretrex® 601 and Foretrex® 701 Ballistic Edition for outdoor and tactical use - July 7 at 5:39 AM logoGarmin Ltd. schedules its second quarter 2017 Earnings Call - July 5 at 7:50 PM logoGarmin Ltd. breached its 50 day moving average in a Bullish Manner : GRMN-US : July 4, 2017 - July 5 at 7:46 AM logoGoPro Stock Tests Resistance in Bid to Break Downtrend (GPRO, FIT) - Investopedia - June 27 at 5:44 PM logoI.D. Systems (IDSY) and Garmin (GRMN) Head-To-Head Comparison - June 27 at 2:39 PM logo Analysts Expect Garmin Ltd. (GRMN) Will Announce Quarterly Sales of $803.69 Million - June 22 at 12:44 PM logoGarmin Ltd. – Value Analysis (NASDAQ:GRMN) : June 21, 2017 - June 21 at 7:11 PM logoFirst Week of GRMN August 18th Options Trading - - Nasdaq - June 20 at 6:18 PM logo$0.81 Earnings Per Share Expected for Garmin Ltd. (GRMN) This Quarter - June 20 at 8:06 AM logoGarmin Ltd. (GRMN) Receives Consensus Rating of "Hold" from Analysts - June 20 at 7:44 AM logoApple And Fitbit Vie For Healthcare Market - June 19 at 4:27 PM logoGarmin Ltd. : GRMN-US: Dividend Analysis : June 19th, 2017 (record date) : By the numbers : June 19, 2017 - June 19 at 4:27 PM logoGarmin Ltd. breached its 50 day moving average in a Bearish Manner : GRMN-US : June 19, 2017 - June 19 at 12:48 PM



Garmin (GRMN) Chart for Wednesday, July, 26, 2017

This page was last updated on 7/26/2017 by Staff