NASDAQ:GRMN - Garmin Stock Price, Forecast & News

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. Since then, GRMN shares have decreased by 6.9% and is now trading at $74.96. 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) released its earnings results on Wednesday, February, 19th. The scientific and technical instruments company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.29. The scientific and technical instruments company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.01 billion. Garmin had a net margin of 25.35% and a return on equity of 19.26%. The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. View Garmin's earnings history.

Garmin declared 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 dividend on an annualized basis and a dividend yield of 3.26%. 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 updated its FY20 earnings guidance on Wednesday, February, 19th. The company provided EPS guidance of ~$4.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.07. The company issued revenue guidance of ~$4.0 billion, compared to the consensus revenue estimate of $3.78 billion.

6 brokers have issued 12 month price targets for Garmin's stock. 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 28.4% from the stock's current price. View analysts' price targets for Garmin.

Headlines about GRMN stock have been trending very negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Garmin earned a news impact score of -3.0 on InfoTrie's scale. They also gave news coverage about the scientific and technical instruments company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. 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 daily trading volume, of 1,153,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.3% of the shares of the stock are short sold. View Garmin's Current Options Chain.

Some companies that are related to Garmin include Northrop Grumman (NOC), L3Harris (LHX), Raytheon (RTN), 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), Alibaba Group (BABA), Walt Disney (DIS), Intel (INTC), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Micron Technology (MU).

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

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 $74.96.

Garmin has a market capitalization of $14.29 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]