NASDAQ:GRMNGarmin 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. Since then, GRMN shares have increased by 20.4% and is now trading at $96.92. 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 quarterly earnings results on Wednesday, April, 29th. The scientific and technical instruments company reported $0.91 EPS for the quarter, topping the Thomson Reuters' 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 revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. View Garmin's earnings history.

Garmin declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Monday, March 15th will be given a dividend of $0.61 per share on Wednesday, March 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, March 12th. View Garmin's dividend history.

9 analysts have issued 1 year price targets for Garmin's shares. Their forecasts range from $76.00 to $118.00. On average, they expect Garmin's stock price to reach $96.00 in the next year. This suggests that the stock has a possible downside of 0.9%. View analysts' price targets for Garmin.

Media headlines about GRMN stock have been trending negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Garmin earned a media sentiment score of -2.3 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 news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Garmin.

Garmin saw a increase in short interest during 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 trading volume of 1,220,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 3.7% of the shares of the company are sold short. 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 number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.05%), Envestnet Asset Management Inc. (0.05%), Contravisory Investment Management Inc. (0.04%), American National Bank (0.00%), Rockland Trust Co. (0.00%) and IBM Retirement Fund (0.00%). 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., Rockland Trust Co., 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 purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Park National Corp OH, American National Bank, OmniStar Financial Group Inc., and IBM Retirement Fund. 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 $96.92.

Garmin has a market capitalization of $18.51 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]