NASDAQ:GRMN - Garmin Stock Price, Forecast & News

Garmin's stock was trading at $80.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GRMN shares have decreased by 8.7% and is now trading at $73.53. View which stocks have been mosted impacted by Coronavirus.

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

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Garmin.

Garmin Ltd. (NASDAQ:GRMN) announced its earnings results on Wednesday, February, 19th. The scientific and technical instruments company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.29. The scientific and technical instruments company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.01 billion. Garmin had a return on equity of 19.26% and a net margin of 25.35%. The company's revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share. View Garmin's earnings history.

Garmin declared a quarterly dividend on Wednesday, February 19th. Shareholders 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 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, June 12th. This is a positive change from Garmin's previous quarterly dividend of $0.57. View Garmin's dividend history.

Garmin issued an update on its FY20 earnings guidance on Wednesday, February, 19th. The company provided earnings per share (EPS) guidance of ~$4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.07. The company issued revenue guidance of ~$4.0 billion, compared to the consensus revenue estimate of $3.78 billion.

6 Wall Street analysts have issued 12-month price targets for Garmin's shares. Their forecasts range from $77.00 to $104.00. On average, they expect Garmin's stock price to reach $96.25 in the next year. This suggests a possible upside of 30.9% from the stock's current price. View analysts' price targets for Garmin.

Media stories about GRMN stock have been trending very negative recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Garmin earned a coverage optimism score of -3.1 on InfoTrie's scale. They also assigned news coverage about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutGarmin.

Garmin saw a increase in short interest in March. As of March 13th, there was short interest totaling 3,167,600 shares, an increase of 18.6% from the February 27th total of 2,670,000 shares. Based on an average trading volume of 1,153,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.3% of the shares of the stock are sold short. View Garmin's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include AT&T (T), NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA), Walt Disney (DIS), Home Depot (HD) and JPMorgan Chase & Co. (JPM).

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

Garmin's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (3.14%), Geode Capital Management LLC (1.59%), Robeco Institutional Asset Management B.V. (0.96%), Janus Henderson Group PLC (0.85%), Norges Bank (0.71%) and First Trust Advisors LP (0.67%). Company insiders that own Garmin stock include Clifton A Pemble, Danny J Bartel, Donald Eller, Joseph J Hartnett, Matthew Munn, Min H Kao, Pao-Chang Huang, 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 PGGM Investments, AQR Capital Management LLC, Principal Financial Group Inc., Schroder Investment Management Group, Renaissance Technologies LLC, Cubist Systematic Strategies LLC, DekaBank Deutsche Girozentrale, and Man Group plc. 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.

GRMN stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, FMR LLC, M&G Investment Management Ltd., Janus Henderson Group PLC, Geode Capital Management LLC, Wedge Capital Management L L P NC, Envestnet Asset Management Inc., and Victory Capital Management 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 $73.53.

Garmin has a market capitalization of $14.02 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. View additional information about Garmin.

The official website for Garmin is http://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]