Garmin Company Profile (NASDAQ:GRMN)

About Garmin (NASDAQ:GRMN)

Garmin logoGarmin 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:
  • Market Cap: $9.76 billion
  • Outstanding Shares: 187,703,000
Average Prices:
  • 50 Day Moving Avg: $51.82
  • 200 Day Moving Avg: $51.44
  • 52 Week Range: $46.80 - $55.74
  • Trailing P/E Ratio: 14.70
  • Foreward P/E Ratio: 18.31
  • P/E Growth: 4.31
Sales & Book Value:
  • Annual Revenue: $3.04 billion
  • Price / Sales: 3.21
  • Book Value: $18.56 per share
  • Price / Book: 2.80
  • Annual Dividend: $2.04
  • Dividend Yield: 3.9%
  • EBIDTA: $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: 1.08 million shs.
  • Beta: 0.85
  • 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 declared 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 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, September 14th. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.07. The company 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 firm's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. View Garmin's Earnings History.

When will Garmin make its next earnings announcement?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Garmin.

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

Garmin updated its FY17 earnings guidance on Wednesday, August, 2nd. The company provided EPS 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 brokers have issued twelve-month price targets for Garmin's stock. Their forecasts range from $50.00 to $60.00. On average, they expect Garmin's stock price to reach $52.80 in the next year. View Analyst Ratings for Garmin.

Who are some of Garmin's key competitors?

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 BURRELL JONATHAN (14.80%), BURRELL JONATHAN (14.70%), BURRELL JONATHAN (14.70%), BURRELL JONATHAN (14.70%), BURRELL JONATHAN (14.50%) and BlackRock Inc. (6.02%). Company insiders that own Garmin stock include Andrew R Etkind, Clifton A Pemble, Danny J Bartel, Jonathan Burrell, Pao-Chang Huang, 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 Renaissance Technologies LLC, Arrowstreet Capital Limited Partnership, Todd Asset Management LLC, Teachers Retirement System of The State of Kentucky, JPMorgan Chase & Co., Gotham Asset Management LLC, Quantitative Investment Management LLC and Stevens Capital Management LP. Company insiders that have sold Garmin stock in the last year include Andrew R Etkind, Clifton A Pemble, Jonathan Burrell and Sean Biddlecombe. View Insider Buying and Selling for Garmin.

Who bought Garmin stock? Who is buying Garmin stock?

Garmin's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Bank of New York Mellon Corp, Marshall Wace North America L.P., Principal Financial Group Inc., Alliancebernstein L.P., BlackRock Inc., W. E. Donoghue & Co. LLC and Koch Industries Inc.. 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?

One share of Garmin stock can currently be purchased for approximately $52.00.

MarketBeat Community Rating for Garmin (NASDAQ GRMN)
Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  183 (Vote Outperform)
Underperform Votes:  461 (Vote Underperform)
Total Votes:  644
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.

Analyst Ratings

Consensus Ratings for Garmin (NASDAQ:GRMN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 4 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $52.80 (1.54% upside)

Analysts' Ratings History for Garmin (NASDAQ:GRMN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/8/2017Oppenheimer Holdings, Inc.Reiterated RatingOutperform -> Market PerformLowView Rating Details
8/3/2017Longbow ResearchReiterated RatingBuyLowView Rating Details
7/31/2017Morgan StanleySet Price TargetHold$47.00 -> $50.00LowView Rating Details
7/10/2017Tigress FinancialReiterated RatingBuyLowView Rating Details
5/4/2017Bank of America CorporationBoost Price TargetUnderperform$47.00 -> $50.00LowView Rating Details
5/4/2017Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$52.00 -> $54.00HighView Rating Details
5/4/2017J P Morgan Chase & CoDowngradeNeutral -> Underweight$55.00 -> $50.00HighView Rating Details
12/29/2016KeyCorpReiterated RatingEqual WeightN/AView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$43.00N/AView Rating Details
8/22/2016Citigroup Inc.DowngradeMarket PerformN/AView Rating Details
4/19/2016Pacific CrestReiterated RatingSector PerformN/AView Rating Details
2/20/2016Needham & Company LLCReiterated RatingHoldN/AView Rating Details
2/18/2016Robert W. BairdBoost Price TargetNeutral$39.00 -> $40.00N/AView Rating Details
2/18/2016Credit Suisse GroupBoost Price TargetUnderperform$32.00 -> $36.00N/AView Rating Details
12/30/2015Dougherty & CoReiterated RatingNeutralN/AView Rating Details
11/19/2015Royal Bank Of CanadaReiterated RatingOutperform$40.00N/AView Rating Details
9/28/2015Sterne Agee CRTInitiated CoverageNeutralN/AView Rating Details
(Data available from 9/22/2015 forward)


Earnings History for Garmin (NASDAQ:GRMN)
Earnings by Quarter for Garmin (NASDAQ:GRMN)
Earnings History by Quarter for Garmin (NASDAQ GRMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/24/2017$0.66N/AView Earnings Details
8/2/20176/30/2017$0.81$0.88$806.67 million$816.89 millionViewListenView Earnings Details
5/3/20173/31/2017$0.45$0.52$629.11 million$638.50 millionViewListenView Earnings Details
2/22/2017Q416$0.58$0.73$794.86 million$861.00 millionViewListenView Earnings Details
10/26/2016Q316$0.54$0.75$679.73 million$722.00 millionViewListenView Earnings Details
7/27/2016Q216$0.67$0.87$763.37 million$812.00 millionViewListenView Earnings Details
4/27/2016Q116$0.42$0.49$585.91 million$624.00 millionViewListenView Earnings Details
2/17/2016Q415$0.48$0.74$759.10 million$781.00 millionViewListenView Earnings Details
10/28/2015Q315$0.55$0.51$705.06 million$680.00 millionViewListenView Earnings Details
7/29/2015Q215$0.72$0.72$773.11 million$774.00 millionViewListenView Earnings Details
4/29/2015Q115$0.58$0.55$606.63 million$585.00 millionViewN/AView Earnings Details
2/18/2015Q414$0.78$0.77$789.90 million$803.30 millionViewN/AView Earnings Details
10/29/2014Q314$0.72$0.76$677.35 million$706.00 millionViewN/AView Earnings Details
7/30/2014Q214$0.75$1.02$709.25 million$778.00 millionViewN/AView Earnings Details
4/30/2014Q114$0.44$0.55$541.00 million$583.00 millionViewN/AView Earnings Details
2/19/2014Q413$0.62$0.76$712.78 million$760.00 millionViewN/AView Earnings Details
10/30/2013Q313$0.58$0.69$628.50 million$644.00 millionViewN/AView Earnings Details
7/31/2013Q2 2013$0.65$0.76$665.84 million$697.00 millionViewN/AView Earnings Details
5/1/2013Q1 2013$0.41$0.40$518.64 million$532.00 millionViewN/AView Earnings Details
2/20/2013Q4 2012$0.73$0.68$833.43 million$769.00 millionViewN/AView Earnings Details
10/31/2012$0.61$0.74ViewN/AView Earnings Details
8/1/2012$0.66$0.98ViewN/AView Earnings Details
5/2/2012$0.41$0.45ViewN/AView Earnings Details
2/22/2012$0.65$0.96ViewN/AView Earnings Details
11/2/2011$0.49$0.71ViewN/AView Earnings Details
8/3/2011$0.67$0.63ViewN/AView Earnings Details
5/4/2011$0.33$0.43ViewN/AView Earnings Details
2/23/2011$0.88$0.83ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Garmin (NASDAQ:GRMN)
2017 EPS Consensus Estimate: $2.65
2018 EPS Consensus Estimate: $2.75
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.44$0.46$0.45
Q2 20172$0.82$0.83$0.83
Q3 20173$0.64$0.67$0.66
Q4 20173$0.70$0.73$0.72
Q1 20182$0.46$0.57$0.52
Q2 20182$0.80$0.87$0.84
Q3 20182$0.63$0.68$0.66
Q4 20182$0.71$0.78$0.75
(Data provided by Zacks Investment Research)


Current Dividend Information for Garmin (NASDAQ:GRMN)
Next Dividend:9/29/2017
Annual Dividend:$2.04
Dividend Yield:3.92%
Payout Ratio:57.46% (Trailing 12 Months of Earnings)
72.86% (Based on This Year's Estimates)
71.83% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Garmin (NASDAQ:GRMN)

Dividend History by Quarter for Garmin (NASDAQ GRMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/17/2016jun 16$0.516/14/20166/16/20166/30/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Garmin (NASDAQ:GRMN)
Insider Ownership Percentage: 18.30%
Institutional Ownership Percentage: 39.59%
Insider Trades by Quarter for Garmin (NASDAQ:GRMN)
Institutional Ownership by Quarter for Garmin (NASDAQ:GRMN)
Insider Trades by Quarter for Garmin (NASDAQ:GRMN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/13/2017Jonathan BurrellMajor ShareholderSell253,000$52.13$13,188,890.00View SEC Filing  
9/12/2017Jonathan BurrellMajor ShareholderSell127,000$52.14$6,621,780.00View SEC Filing  
9/11/2017Jonathan BurrellMajor ShareholderSell127,000$52.25$6,635,750.00View SEC Filing  
9/8/2017Andrew R. EtkindVPSell1,724$52.50$90,510.00View SEC Filing  
9/6/2017Andrew R. EtkindVPSell2,189$52.00$113,828.00View SEC Filing  
8/22/2017Jonathan BurrellMajor ShareholderSell231,500$51.20$11,852,800.00View SEC Filing  
8/11/2017Jonathan BurrellMajor ShareholderSell232,000$51.36$11,915,520.00View SEC Filing  
8/4/2017Sean BiddlecombeInsiderSell1,697$51.83$87,955.51View SEC Filing  
5/31/2017Jonathan BurrellMajor ShareholderSell200,000$52.11$10,422,000.00View SEC Filing  
5/30/2017Jonathan BurrellMajor ShareholderSell100,000$52.23$5,223,000.00View SEC Filing  
5/26/2017Jonathan BurrellMajor ShareholderSell100,000$52.46$5,246,000.00View SEC Filing  
2/22/2017Andrew R. EtkindVPSell6,524$54.57$356,014.68View SEC Filing  
12/16/2016Andrew R. EtkindVPSell2,116$49.55$104,847.80View SEC Filing  
11/25/2016Clifton A. PembleInsiderSell175$52.50$9,187.50View SEC Filing  
8/19/2016Danny J. BartelVPSell786$54.53$42,860.58View SEC Filing  
8/17/2016Sean BiddlecombeInsiderSell425$54.52$23,171.00View SEC Filing  
8/15/2016Philip StraubVPSell1,084$55.36$60,010.24View SEC Filing  
8/4/2016Clifton A. PembleInsiderSell1,429$55.00$78,595.00View SEC Filing  
8/3/2016Andrew R. EtkindVPSell1,046$54.90$57,425.40View SEC Filing  
5/11/2016Pao-Chang HuangInsiderSell7,200$40.68$292,896.00View SEC Filing  
12/4/2015Philip StraubDirectorSell1,914$37.92$72,578.88View SEC Filing  
11/11/2015Danny J. BartelVPSell1,125$37.74$42,457.50View SEC Filing  
8/21/2015Donald EllerDirectorSell70,000$39.00$2,730,000.00View SEC Filing  
5/29/2015Philip StraubDirectorSell4,243$45.97$195,050.71View SEC Filing  
11/19/2014Sean BiddlecombeDirectorSell2,053$58.38$119,854.14View SEC Filing  
8/20/2014Philip StraubDirectorSell8,000$57.50$460,000.00View SEC Filing  
8/18/2014Joseph J HartnettDirectorBuy1,000$55.94$55,940.00View SEC Filing  
8/12/2014Danny J BartelVPSell10,000$55.52$555,200.00View SEC Filing  
5/23/2014Pao-Chang HuangInsiderSell16,000$57.26$916,160.00View SEC Filing  
3/12/2014Brian James PokornyInsiderSell6,951$53.70$373,268.70View SEC Filing  
3/5/2014Philip StraubDirectorSell4,003$54.57$218,443.71View SEC Filing  
2/28/2014Kevin RauckmanCFOSell5,981$53.65$320,880.65View SEC Filing  
2/21/2014Sean BiddlecombeDirectorSell2,117$51.86$109,787.62View SEC Filing  
8/9/2012Philip StraubDirectorSell10,000$41.42$414,200.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Garmin (NASDAQ:GRMN)
Latest Headlines for Garmin (NASDAQ:GRMN)
DateHeadline logoGarmin® Boosts Its 5.7K VIRB® 360 Camera with State-of-the-Art Updates Including the New HyperFrame Director Mode - September 22 at 1:58 PM logoFirst Week of GRMN November 17th Options Trading - September 20 at 4:16 PM logoFitbit Stock Tests Support After Breakout Fizzles - September 20 at 4:16 PM logoTop Ranked Income Stocks to Buy for September 19th - September 19 at 7:12 PM logoGarmin (GRMN) Boosts Marine Business with Products & Buyouts - Nasdaq - September 18 at 6:48 PM logoGarmin (GRMN) Boosts Marine Business with Products & Buyouts - September 18 at 6:48 PM logoApple's New Watch Aims Straight at Garmin - September 13 at 8:52 PM logoJonathan Burrell Sells 127,000 Shares of Garmin Ltd. (GRMN) Stock - September 13 at 7:40 PM logoGarmin Ltd. (GRMN) Major Shareholder Sells $13,188,890.00 in Stock - September 13 at 7:18 PM logo[$$] Apple: wrist taker - September 13 at 1:06 AM logoGarmin® introduces Panoptix Ice Bundle with new ice fishing transducer, a hard water solution with revolutionary sonar capabilities - September 12 at 8:04 PM logoDividend Coverage: This Personal Navigation Devices Maker has a Dividend Yield of 3.90%; Will Trade Ex-Dividend on September 13, 2017 - September 12 at 8:04 PM logoGarmin Ltd. (GRMN) Major Shareholder Sells $6,635,750.00 in Stock - September 12 at 1:30 PM logoGarmin ordered to pay $38 million in ongoing patent dispute - September 12 at 12:44 AM logoGRMN January 2020 Options Begin Trading - Nasdaq - September 11 at 7:43 PM logoAndrew R. Etkind Sells 1,724 Shares of Garmin Ltd. (GRMN) Stock - September 11 at 10:32 AM logo Brokerages Anticipate Garmin Ltd. (GRMN) to Post $0.66 Earnings Per Share - September 11 at 6:16 AM logoGarmin Ltd. (GRMN) Plans Quarterly Dividend of $0.51 - September 9 at 2:16 PM logoGarmin Ltd. (GRMN) Disagrees with Verdict in Latest Navico Patent Lawsuit - September 9 at 12:45 AM logoGarmin Ltd. (GRMN) Disagrees with Verdict in Latest Navico Patent ... - - September 8 at 7:44 PM logoGarmin announces verdict in another Navico patent lawsuit - September 8 at 7:44 PM logoWhy GoPro Inc (GPRO) Stock Isn’t Dead … Yet - September 7 at 7:23 PM logoGarmin Ltd. (GRMN) VP Andrew R. Etkind Sells 2,189 Shares - September 7 at 1:26 PM logoGarmin Ltd. (GRMN) Given Consensus Recommendation of "Hold" by Brokerages - September 5 at 6:28 AM logoGarmin® Confirms September 29 Dividend Payment - September 2 at 12:42 AM logoApple (AAPL) Enters Bidding Race for Toshiba's Chip Business - Yahoo Finance - September 1 at 12:06 AM logoTake activities on the go with vívosport, the latest GPS-enabled smart activity tracker from Garmin ® - August 31 at 7:06 PM logoTake activities on the go with vívosport, the latest GPS-enabled smart activity tracker from Garmin® - August 31 at 7:06 PM logoIntroducing the Garmin® vívoactive® 3: A stylish smartwatch with new Garmin Pay contactless payments capability - August 31 at 7:05 PM logoBeauty meets brains with vívomove HR, the first touchscreen hybrid smartwatch from Garmin® - August 31 at 7:05 PM logoGarmin goes after Apple, Fitbit with new line of smartwatches - August 31 at 7:05 PM logoKoninklijke Philips (PHG) Digitizes 2 Austria Pathology Labs - August 30 at 4:34 PM logoHow Fitbit's New Smartwatch Can Boost Its Sagging Top Line - - August 29 at 7:45 PM logoGarmin® introduces the Edge® 1030 – the ultimate GPS bike ... - Business Wire (press release) - August 29 at 7:45 PM logoHow Fitbit Designed Its First Smartwatch - August 29 at 7:45 PM logoGarmin® announces the Vector 3/3S – a completely redesigned pedal-based power meter - August 29 at 7:45 PM logoGarmin® introduces the Edge® 1030 – the ultimate GPS bike computer with enhanced navigation, performance and safety features - August 29 at 7:45 PM logoGarmin Sentiment Battered By Fitness and Automotive Business Weakness - August 25 at 6:25 AM logo$718.44 Million in Sales Expected for Garmin Ltd. (GRMN) This Quarter - August 25 at 3:44 AM logoGarmin Ltd. breached its 50 day moving average in a Bullish Manner : GRMN-US : August 23, 2017 - August 24 at 7:10 AM logoGarmin® introduces the next generation of navigation for professional truck drivers with the dēzl 580 LMT-S - August 24 at 7:10 AM logo Analysts Anticipate Garmin Ltd. (GRMN) to Post $0.66 Earnings Per Share - August 23 at 6:24 PM logoInsider Selling: Garmin Ltd. (GRMN) Major Shareholder Sells 231,500 Shares of Stock - August 23 at 1:14 PM logoGarmin Riding The Strength Of Aviation Business - Seeking Alpha - August 23 at 12:45 AM logoGarmin Ltd. (GRMN) Raised to "Sell" at BidaskClub - August 22 at 8:08 PM logoInteresting GRMN Put And Call Options For April 2018 - August 22 at 7:45 PM logoYour Road Navigator Has Juicy Dividend Yields - August 22 at 7:45 PM logoQ3 2017 EPS Estimates for Garmin Ltd. (GRMN) Lifted by Analyst - August 21 at 3:16 AM logoFY2017 Earnings Forecast for Garmin Ltd. Issued By Dougherty & Co (GRMN) - August 18 at 7:48 AM logoETFs with exposure to Garmin Ltd. : August 17, 2017 - August 18 at 2:58 AM



Garmin (GRMN) Chart for Friday, September, 22, 2017

This page was last updated on 9/22/2017 by Staff