NASDAQ:GRMN - Garmin Stock Price, News, & Analysis

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$83.07 +0.65 (+0.79 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$83.07
Today's Range$81.94 - $83.6913
52-Week Range$57.01 - $83.69
Volume1.30 million shs
Average Volume1.40 million shs
Market Capitalization$16.45 billion
P/E Ratio22.51
Dividend Yield2.57%
Beta0.94
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names. The Aviation segment provides navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, datalink weather, in-cockpit and cloud connectivity, voice controls, and other products and services; wearables, portables, apps, training, simulation, and aviation data services; and traffic collision avoidance, engine information, and terrain awareness and warning systems. This segment also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, Cartography Products, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wearable devices, sailing products, and entertainment products. The Outdoor segment offers outdoor handhelds, wearable devices, golf devices, and dog tracking and training/pet obedience devices. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and Connect IQ and activity tracking devices, as well as Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms for users to track and analyze their fitness and wellness data. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.

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Industry, Sector and Symbol

Industry Search & navigation equipment
Sub-IndustryConsumer Electronics
SectorComputer and Technology
Current SymbolNASDAQ:GRMN
CUSIPH2906T10
Phone41-52-630-1600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.35 billion
Cash Flow$4.0542 per share
Book Value$21.02 per share

Profitability

Net Income$694.95 million

Miscellaneous

Employees12,300
Market Cap$16.45 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Garmin (NASDAQ:GRMN) Frequently Asked Questions

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 Friday, June 8th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.53 per share on Monday, December 31st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, December 13th. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) announced its quarterly earnings results on Wednesday, February, 20th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.22. The scientific and technical instruments company had revenue of $932.11 million for the quarter, compared to analyst estimates of $893.14 million. Garmin had a net margin of 20.74% and a return on equity of 17.67%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. View Garmin's Earnings History.

When is Garmin's next earnings date?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Garmin.

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

Garmin issued an update on its FY19 earnings guidance on Wednesday, February, 20th. The company provided EPS guidance of $3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.52. The company issued revenue guidance of $3.50 billion, compared to the consensus revenue estimate of $3.43 billion.Garmin also updated its FY 2019 guidance to $3.70-3.70 EPS.

What price target have analysts set for GRMN?

4 Wall Street analysts have issued 1-year price objectives for Garmin's shares. Their forecasts range from $70.00 to $81.95. On average, they expect Garmin's stock price to reach $73.9833 in the next year. This suggests that the stock has a possible downside of 10.9%. View Analyst Price Targets for Garmin.

What is the consensus analysts' recommendation for Garmin?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Garmin.

Has Garmin been receiving favorable news coverage?

News coverage about GRMN stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Garmin earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the scientific and technical instruments company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of Garmin's key competitors?

What other stocks do shareholders of Garmin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include Cisco Systems (CSCO), General Electric (GE), AT&T (T), JPMorgan Chase & Co. (JPM), Netflix (NFLX), Verizon Communications (VZ), Wells Fargo & Co (WFC), Micron Technology (MU), Intel (INTC) and Applied Materials (AMAT).

Who are Garmin's key executives?

Garmin's management team includes the folowing people:
  • Dr. Min-Hwan Kao, Co-Founder & Exec. Chairman (Age 70)
  • Mr. Clifton Albert Pemble, Pres, CEO & Director (Age 53)
  • Mr. Douglas Gerard Boessen, CFO, Principal Accounting Officer & Treasurer (Age 56)
  • Mr. Andrew R. Etkind, VP, Gen. Counsel & Sec. (Age 63)
  • Mr. Gary L. Burrell, Co-Founder & Chairman Emeritus (Age 81)

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.51%), Geode Capital Management LLC (1.13%), Robeco Institutional Asset Management B.V. (1.10%), Oregon Public Employees Retirement Fund (0.80%), Dimensional Fund Advisors LP (0.71%) and Bank of New York Mellon Corp (0.69%). Company insiders that own Garmin stock include Andrew R Etkind, Charles Peffer, Clifton A Pemble, Danny J Bartel, Donald Eller, Jonathan Burrell, Min H Kao, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View Institutional Ownership Trends for Garmin.

Which institutional investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including South Texas Money Management Ltd., Bank of Montreal Can, State of Tennessee Treasury Department, Mackenzie Financial Corp, Stevens Capital Management LP, Royal London Asset Management Ltd., Voloridge Investment Management LLC and Kornitzer Capital Management Inc. KS. Company insiders that have sold Garmin company stock in the last year include Andrew R Etkind, Charles Peffer, Clifton A Pemble, Danny J Bartel, Donald Eller, Min H Kao, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View Insider Buying and Selling for Garmin.

Which institutional investors are buying Garmin stock?

GRMN stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., Squarepoint Ops LLC, D. E. Shaw & Co. Inc., First Trust Advisors LP, Two Sigma Investments LP, California Public Employees Retirement System and Gotham Asset Management LLC. View Insider Buying and Selling for Garmin.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $83.07.

How big of a company is Garmin?

Garmin has a market capitalization of $16.45 billion and generates $3.35 billion in revenue each year. The scientific and technical instruments company earns $694.95 million in net income (profit) each year or $3.69 on an earnings per share basis. Garmin employs 12,300 workers across the globe.

What is Garmin's official website?

The official website for Garmin is http://www.garmin.com.

How can I contact Garmin?

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]


MarketBeat Community Rating for Garmin (NASDAQ GRMN)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  330 (Vote Outperform)
Underperform Votes:  607 (Vote Underperform)
Total Votes:  937
MarketBeat's community ratings are surveys of what our community members think about Garmin and other stocks. Vote "Outperform" if you believe GRMN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GRMN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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