About Garmin (NASDAQ:GRMN)
Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in fitness and activity tracking. Its aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles and unmanned aerial vehicles.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Communication & Satellite Equipment
- Sub-Industry: Consumer Electronics
- Symbol: NASDAQ:GRMN
- CUSIP: H2906T10
- Web: www.garmin.com
- Market Cap: $10.47 billion
- Outstanding Shares: 187,703,000
- 50 Day Moving Avg: $53.49
- 200 Day Moving Avg: $51.87
- 52 Week Range: $46.80 - $55.87
Sales & Book Value:
- Trailing P/E Ratio: 15.68
- Foreward P/E Ratio: 19.58
- P/E Growth: 4.58
- Annual Revenue: $3.04 billion
- Price / Sales: 3.45
- Book Value: $18.56 per share
- Price / Book: 3.01
- Annual Dividend: $2.04
- Dividend Yield: 3.7%
- EBITDA: $726.79 million
- Net Margins: 22.07%
- Return on Equity: 15.55%
- Return on Assets: 11.76%
- Current Ratio: 2.48%
- Quick Ratio: 1.92%
- Average Volume: 954,912 shs.
- Beta: 0.86
- Short Ratio: 13.02
Frequently Asked Questions for Garmin (NASDAQ:GRMN)
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 Wednesday, July 5th. Investors of record on Friday, September 15th will be paid a dividend of $0.51 per share on Friday, September 29th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Thursday, September 14th. View Garmin's Dividend History.
How were Garmin's earnings last quarter?
Garmin Ltd. (NASDAQ:GRMN) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.81 by $0.07. The business earned $816.89 million during the quarter, compared to analyst estimates of $806.67 million. Garmin had a net margin of 22.07% and a return on equity of 15.55%. The company's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. View Garmin's Earnings History.
When will Garmin make its next earnings announcement?
What guidance has Garmin issued on next quarter's earnings?
Garmin updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of ~$2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.68. The company issued revenue guidance of ~$3.04 billion, compared to the consensus revenue estimate of $3.01 billion.
Where is Garmin's stock going? Where will Garmin's stock price be in 2017?
8 analysts have issued 1 year price objectives for Garmin's shares. Their predictions range from $50.00 to $60.00. On average, they anticipate Garmin's share price to reach $52.80 in the next twelve months. View Analyst Ratings for Garmin.
Who are some of Garmin's key competitors?
Some companies that are related to Garmin include Weibo Corporation (WB), TeliaSonera AB (TLSNY), Symantec Corporation (SYMC), Level 3 Communications (LVLT), Check Point Software Technologies (CHKP), Skyworks Solutions (SWKS), Sse Plc (SSEZY), Snap (SNAP), STMicroelectronics N.V. (STM), Xilinx (XLNX), SBA Communications Corporation (SBAC), Fujifilm Holdings Corp. (FUJIY), Mettler-Toledo International (MTD), KLA-Tencor Corporation (KLAC), Harris Corporation (HRS), AMTEK (AME), Waters Corporation (WAT) and Maxim Integrated Products (MXIM).
Who are Garmin's key executives?
Garmin's management team includes the folowing people:
- Min H. Kao, Executive Chairman of the Board
- Clifton A. Pemble, President, Chief Executive Officer, Director
- Douglas G. Boessen, Chief Financial Officer, Treasurer
- Andrew R. Etkind, Vice President, General Counsel, Secretary
- Donald H. Eller, Independent Director
- Joseph J. Hartnett CPA, Independent Director
- Charles W. Peffer, Independent Director
- Thomas P. Poberezny, Independent Director
- Rebecca R. Tilden, Independent Director
Who owns Garmin stock?
Garmin's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include
(14.50%) and Robeco Institutional Asset Management B.V. (0.86%). Company insiders that own Garmin stock include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Jonathan Burrell, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View Institutional Ownership Trends for Garmin.
Who sold Garmin stock? Who is selling Garmin stock?
Garmin's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Honkamp Krueger Financial Services Inc.. Company insiders that have sold Garmin stock in the last year include Andrew R Etkind, Clifton A Pemble, Jonathan Burrell, Patrick Desbois and Sean Biddlecombe. View Insider Buying and Selling for Garmin.
Who bought Garmin stock? Who is buying Garmin stock?
Garmin's stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, APG Asset Management N.V., Robeco Institutional Asset Management B.V., Denali Advisors LLC, Assenagon Asset Management S.A. and LS Investment Advisors LLC. View Insider Buying and Selling for Garmin.
How do I buy Garmin stock?
Shares of Garmin can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Garmin's stock price today?
MarketBeat Community Rating for Garmin (NASDAQ GRMN)MarketBeat's community ratings are surveys of what our community members think about Garmin and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Garmin stock can currently be purchased for approximately $55.80.
Consensus Ratings for Garmin (NASDAQ:GRMN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 4 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$52.80 (5.38% downside)|Consensus Price Target History for Garmin (NASDAQ:GRMN)
Analysts' Ratings History for Garmin (NASDAQ:GRMN)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/8/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform -> Market Perform||Low|
|8/3/2017||Longbow Research||Reiterated Rating||Buy||Low|
|7/31/2017||Morgan Stanley||Set Price Target||Hold||$47.00 -> $50.00||Low|
|7/10/2017||Tigress Financial||Reiterated Rating||Buy||Low|
|5/4/2017||Bank of America Corporation||Boost Price Target||Underperform||$47.00 -> $50.00||Low|
|5/4/2017||Goldman Sachs Group, Inc. (The)||Boost Price Target||Neutral||$52.00 -> $54.00||High|
|5/4/2017||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$55.00 -> $50.00||High|
|12/29/2016||KeyCorp||Reiterated Rating||Equal Weight||N/A|
|8/25/2016||Raymond James Financial, Inc.||Upgrade||Market Perform -> Outperform||$43.00||N/A|
|8/22/2016||Citigroup Inc.||Downgrade||Market Perform||N/A|
|4/19/2016||Pacific Crest||Reiterated Rating||Sector Perform||N/A|
|2/20/2016||Needham & Company LLC||Reiterated Rating||Hold||N/A|
|2/18/2016||Robert W. Baird||Boost Price Target||Neutral||$39.00 -> $40.00||N/A|
|2/18/2016||Credit Suisse Group||Boost Price Target||Underperform||$32.00 -> $36.00||N/A|
|12/30/2015||Dougherty & Co||Reiterated Rating||Neutral||N/A|
|11/19/2015||Royal Bank Of Canada||Reiterated Rating||Outperform||$40.00||N/A|
Earnings History for Garmin (NASDAQ:GRMN)Earnings History by Quarter for Garmin (NASDAQ GRMN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||6/30/2017||$0.81||$0.88||$806.67 million||$816.89 million||View||Listen|
|5/3/2017||3/31/2017||$0.45||$0.52||$629.11 million||$638.50 million||View||Listen|
|2/22/2017||Q416||$0.58||$0.73||$794.86 million||$861.00 million||View||Listen|
|10/26/2016||Q316||$0.54||$0.75||$679.73 million||$722.00 million||View||Listen|
|7/27/2016||Q216||$0.67||$0.87||$763.37 million||$812.00 million||View||Listen|
|4/27/2016||Q116||$0.42||$0.49||$585.91 million||$624.00 million||View||Listen|
|2/17/2016||Q415||$0.48||$0.74||$759.10 million||$781.00 million||View||Listen|
|10/28/2015||Q315||$0.55||$0.51||$705.06 million||$680.00 million||View||Listen|
|7/29/2015||Q215||$0.72||$0.72||$773.11 million||$774.00 million||View||Listen|
|4/29/2015||Q115||$0.58||$0.55||$606.63 million||$585.00 million||View||N/A|
|2/18/2015||Q414||$0.78||$0.77||$789.90 million||$803.30 million||View||N/A|
|10/29/2014||Q314||$0.72||$0.76||$677.35 million||$706.00 million||View||N/A|
|7/30/2014||Q214||$0.75||$1.02||$709.25 million||$778.00 million||View||N/A|
|4/30/2014||Q114||$0.44||$0.55||$541.00 million||$583.00 million||View||N/A|
|2/19/2014||Q413||$0.62||$0.76||$712.78 million||$760.00 million||View||N/A|
|10/30/2013||Q313||$0.58||$0.69||$628.50 million||$644.00 million||View||N/A|
|7/31/2013||Q2 2013||$0.65||$0.76||$665.84 million||$697.00 million||View||N/A|
|5/1/2013||Q1 2013||$0.41||$0.40||$518.64 million||$532.00 million||View||N/A|
|2/20/2013||Q4 2012||$0.73||$0.68||$833.43 million||$769.00 million||View||N/A|
Earnings Estimates for Garmin (NASDAQ:GRMN)
2017 EPS Consensus Estimate: $2.65
2018 EPS Consensus Estimate: $2.75
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Garmin (NASDAQ:GRMN)
|Most Recent Dividend:||9/29/2017|
|Payout Ratio:||57.46% (Trailing 12 Months of Earnings) |
72.86% (Based on This Year's Estimates)
71.58% (Based on Next Year's Estimates)
Dividend History by Quarter for Garmin (NASDAQ GRMN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Garmin (NASDAQ:GRMN)
Insider Ownership Percentage: 18.30%Insider Trades by Quarter for Garmin (NASDAQ:GRMN)
Institutional Ownership Percentage: 39.59%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/13/2017||Clifton A Pemble||Insider||Sell||4,066||$55.00||$223,630.00|| |
|10/13/2017||Patrick Desbois||EVP||Sell||1,881||$55.00||$103,455.00|| |
|9/25/2017||Andrew R. Etkind||VP||Sell||2,073||$53.00||$109,869.00|| |
|9/13/2017||Jonathan Burrell||Major Shareholder||Sell||253,000||$52.13||$13,188,890.00|| |
|9/12/2017||Jonathan Burrell||Major Shareholder||Sell||127,000||$52.14||$6,621,780.00|| |
|9/11/2017||Jonathan Burrell||Major Shareholder||Sell||127,000||$52.25||$6,635,750.00|| |
|9/8/2017||Andrew R. Etkind||VP||Sell||1,724||$52.50||$90,510.00|| |
|9/6/2017||Andrew R. Etkind||VP||Sell||2,189||$52.00||$113,828.00|| |
|8/22/2017||Jonathan Burrell||Major Shareholder||Sell||231,500||$51.20||$11,852,800.00|| |
|8/11/2017||Jonathan Burrell||Major Shareholder||Sell||232,000||$51.36||$11,915,520.00|| |
|8/4/2017||Sean Biddlecombe||Insider||Sell||1,697||$51.83||$87,955.51|| |
|5/31/2017||Jonathan Burrell||Major Shareholder||Sell||200,000||$52.11||$10,422,000.00|| |
|5/30/2017||Jonathan Burrell||Major Shareholder||Sell||100,000||$52.23||$5,223,000.00|| |
|5/26/2017||Jonathan Burrell||Major Shareholder||Sell||100,000||$52.46||$5,246,000.00|| |
|2/22/2017||Andrew R. Etkind||VP||Sell||6,524||$54.57||$356,014.68|| |
|12/16/2016||Andrew R. Etkind||VP||Sell||2,116||$49.55||$104,847.80|| |
|11/25/2016||Clifton A. Pemble||Insider||Sell||175||$52.50||$9,187.50|| |
|8/19/2016||Danny J. Bartel||VP||Sell||786||$54.53||$42,860.58|| |
|8/17/2016||Sean Biddlecombe||Insider||Sell||425||$54.52||$23,171.00|| |
|8/15/2016||Philip Straub||VP||Sell||1,084||$55.36||$60,010.24|| |
|8/4/2016||Clifton A. Pemble||Insider||Sell||1,429||$55.00||$78,595.00|| |
|8/3/2016||Andrew R. Etkind||VP||Sell||1,046||$54.90||$57,425.40|| |
|5/11/2016||Pao-Chang Huang||Insider||Sell||7,200||$40.68||$292,896.00|| |
|12/4/2015||Philip Straub||Director||Sell||1,914||$37.92||$72,578.88|| |
|11/11/2015||Danny J. Bartel||VP||Sell||1,125||$37.74||$42,457.50|| |
|8/21/2015||Donald Eller||Director||Sell||70,000||$39.00||$2,730,000.00|| |
|5/29/2015||Philip Straub||Director||Sell||4,243||$45.97||$195,050.71|| |
|11/19/2014||Sean Biddlecombe||Director||Sell||2,053||$58.38||$119,854.14|| |
|8/20/2014||Philip Straub||Director||Sell||8,000||$57.50||$460,000.00|| |
|8/18/2014||Joseph J Hartnett||Director||Buy||1,000||$55.94||$55,940.00|| |
|8/12/2014||Danny J Bartel||VP||Sell||10,000||$55.52||$555,200.00|| |
|5/23/2014||Pao-Chang Huang||Insider||Sell||16,000||$57.26||$916,160.00|| |
|3/12/2014||Brian James Pokorny||Insider||Sell||6,951||$53.70||$373,268.70|| |
|3/5/2014||Philip Straub||Director||Sell||4,003||$54.57||$218,443.71|| |
|2/28/2014||Kevin Rauckman||CFO||Sell||5,981||$53.65||$320,880.65|| |
|2/21/2014||Sean Biddlecombe||Director||Sell||2,117||$51.86||$109,787.62|| |
|8/9/2012||Philip Straub||Director||Sell||10,000||$41.42||$414,200.00|| |
Headline Trends for Garmin (NASDAQ:GRMN)
Latest Headlines for Garmin (NASDAQ:GRMN)
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Garmin (GRMN) Chart for Monday, October, 23, 2017