Garmin Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Garmin stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRMN, but not buy additional shares or sell existing shares.
View analyst ratings for Garmin or view top-rated stocks.

Wall Street analysts have given Garmin a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Garmin wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Garmin.

Garmin Ltd. (NASDAQ:GRMN) announced its quarterly earnings data on Wednesday, April, 28th. The scientific and technical instruments company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.30. The scientific and technical instruments company earned $1.07 billion during the quarter, compared to analyst estimates of $930.06 million. Garmin had a net margin of 23.88% and a trailing twelve-month return on equity of 19.71%. Garmin's revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS.
View Garmin's earnings history.

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 (WHO). Since then, GRMN stock has increased by 77.0% and is now trading at $142.54.
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Garmin declared a quarterly dividend on Wednesday, June 9th. Shareholders of record on Tuesday, March 15th will be given a dividend of $0.67 per share on Thursday, March 31st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, March 14th.
View Garmin's dividend history.

Garmin pays an annual dividend of $2.68 per share and currently has a dividend yield of 1.89%. Garmin does not yet have a strong track record of dividend growth. The dividend payout ratio of Garmin is 52.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Garmin will have a dividend payout ratio of 46.29% next year. This indicates that Garmin will be able to sustain or increase its dividend.
View Garmin's dividend history.

Garmin updated its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided EPS guidance of 5.150-5.150 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.230. The company issued revenue guidance of $4.60 billion-$4.60 billion, compared to the consensus revenue estimate of $4.62 billion.

8 brokers have issued 1 year price objectives for Garmin's shares. Their forecasts range from $130.00 to $155.00. On average, they expect Garmin's stock price to reach $139.20 in the next twelve months. This suggests that the stock has a possible downside of 2.3%.
View analysts' price targets for Garmin or view top-rated stocks among Wall Street analysts.

356 employees have rated Garmin CEO Clifton Pemble on Glassdoor.com. Clifton Pemble has an approval rating of 96% among Garmin's employees. This puts Clifton Pemble in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Garmin include Northrop Grumman (NOC), L3Harris Technologies (LHX), Teledyne Technologies (TDY), Applied Energetics (AERG), Coda Octopus Group (CODA), MIND Technology (MIND), Applied Science Products (APLD), PASSUR Aerospace (PSSR), Global Ecology (GLEC) and Location Based Technologies (LBAS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include NVIDIA (NVDA), Intel (INTC), AT&T (T), Cisco Systems (CSCO), The Walt Disney (DIS), Verizon Communications (VZ), QUALCOMM (QCOM), Visa (V), Alibaba Group (BABA) and Pfizer (PFE).

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 BlackRock Inc. (6.78%), Geode Capital Management LLC (1.51%), JPMorgan Chase & Co. (1.40%), Janus Henderson Group PLC (1.04%), Northern Trust Corp (0.90%) and Dimensional Fund Advisors LP (0.78%). Company insiders that own Garmin stock include Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, 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 Morgan Stanley, Virginia Retirement Systems ET AL, BlackRock Inc., Robeco Institutional Asset Management B.V., Disciplined Growth Investors Inc. MN, Cubist Systematic Strategies LLC, Goldman Sachs Group Inc., and Los Angeles Capital Management LLC. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, Matthew Munn, Patrick Desbois, Philip Straub, and Sean Biddlecombe.
View insider buying and selling activity for Garmin or view top insider-selling stocks.

GRMN stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Janus Henderson Group PLC, Captrust Financial Advisors, AGF Investments Inc., Bowen Hanes & Co. Inc., NFJ Investment Group LLC, Grantham Mayo Van Otterloo & Co. LLC, and PGGM Investments.
View insider buying and selling activity for Garmin or or view top insider-buying stocks.

Shares of GRMN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GRMN stock can currently be purchased for approximately $142.54.

Garmin has a market capitalization of $27.39 billion and generates $4.19 billion in revenue each year. The scientific and technical instruments company earns $992.32 million in net income (profit) each year or $5.14 on an earnings per share basis.

Garmin employs 16,000 workers across the globe.

The following companies are subsidiares of Garmin: ActiveCaptain, Alphamantis Technologies, Belanor AS, DeLorme, Digital Cyclone, Dynastream Innovations, EME Tec Sat SAS, EmpirBus, Fairpoint Navigation A/S, Firstbeat Analytics, Flight Plan, Flight Plan LLC, Formar Electronics N.V./S.A., Fusion Electronics, Garmap (Pty) Ltd., Garmin (Europe) Ltd., Garmin AT Inc., Garmin Africa Holdings (Pty) Ltd., Garmin Argentina SRL, Garmin Australasia Pty Ltd., Garmin Austria GmbH, Garmin Austria Holding GmbH, Garmin Belux NV/SA, Garmin Brasil Comércio de Tecnologias Ltda., Garmin Canada Inc., Garmin Chile Lda, Garmin Chile Lda., Garmin China ChengDu Co. Ltd., Garmin China Co. Ltd., Garmin China Shanghai Co. Ltd., Garmin China Shanghai RHQ Co. Ltd., Garmin China Yangzhou Co. Ltd., Garmin Cluj SRL, Garmin Comercializadora S. de RL. de CV, Garmin Corporation, Garmin Czech s.r.o, Garmin Danmark Ejendomme ApS, Garmin Deutschland Beteiligungs GmbH, Garmin Deutschland GmbH, Garmin France SAS, Garmin Hrvatska d.o.o., Garmin Iberia S.A., Garmin Iberia SA, Garmin India Private Ltd., Garmin International Inc., Garmin Italia S.p.A., Garmin Italia S.r.l., Garmin Japan Ltd., Garmin Korea Ltd., Garmin Luxembourg Holdings S.à r.l., Garmin Luxembourg S.à r.l., Garmin Navigation Mexico S de RL de CV, Garmin Nederland B.V., Garmin New Zealand Ltd., Garmin Nordic Denmark A/S, Garmin Nordic Finland Holding Oy, Garmin Nordic Finland Oy, Garmin Nordic Norway AS, Garmin Nordic Norway Holding AS, Garmin Nordic Sweden AB, Garmin North America Inc., Garmin Polska Sp. z o.o., Garmin Realty LLC, Garmin Services Inc., Garmin Singapore Pte. Ltd, Garmin Southern Africa (Pty) Ltd., Garmin Spain S.L.U., Garmin Switzerland Distribution GmbH, Garmin Switzerland GmbH, Garmin USA Inc., Garmin Würzburg GmbH, Garmin trgovina in servis d.o.o., Iiyonet, MetriGear, MotionBased Technologies, Nautamatic Marine Systems, Navcor Oy, Navigon, Navionics, Navionics Inc., Navionics OÜ, Navionics S.r.l., Navionics Technologies Pvt. Ltd., Nexus Marine AB, PulsedLight, Sportsmanship International AB, Tri-Tronics, UPS Aviation Technologies, and iKubu.

Garmin was founded in 1989.

The official website for Garmin is www.garmin.com.

Garmin is headquartered at MUHLENTALSTRASSE 2, SCHAFFHAUSEN V8, CH-8200.

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]