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NASDAQ:GRMN

Garmin Stock Forecast, Price & News

$97.57
-1.04 (-1.05 %)
(As of 10/28/2020 12:00 AM ET)
Add
Compare
Today's Range
$97.47
Now: $97.57▼
$101.67
50-Day Range
$92.68
MA: $97.53▼
$101.14
52-Week Range
$61.04
Now: $97.57▼
$106.00
Volume1.44 million shs
Average Volume962,355 shs
Market Capitalization$18.66 billion
P/E Ratio19.99
Dividend Yield2.47%
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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Garmin logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.2Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.56 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Search & navigation equipment
Sub-IndustryConsumer Electronics
SectorComputer and Technology
Current SymbolNASDAQ:GRMN
Previous Symbol
CUSIPH2906T10
CIK1121788
Webwww.garmin.com
Phone41-52-630-1600
Employees15,000

Debt

Debt-to-Equity RatioN/A
Current Ratio2.80
Quick Ratio2.10

Price-To-Earnings

Trailing P/E Ratio19.99
Forward P/E Ratio23.97
P/E Growth3.53

Sales & Book Value

Annual Sales$3.76 billion
Price / Sales4.97
Cash Flow$4.81 per share
Price / Cash Flow20.27
Book Value$24.20 per share
Price / Book4.03

Profitability

EPS (Most Recent Fiscal Year)$4.45
Net Income$952.49 million
Net Margins24.82%
Return on Equity17.77%
Return on Assets13.85%

Miscellaneous

Outstanding Shares191,237,000
Market Cap$18.66 billion
Next Earnings Date10/28/2020 (Confirmed)
OptionableOptionable
$97.57
-1.04 (-1.05 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Garmin (NASDAQ:GRMN) Frequently Asked Questions

How has Garmin's stock price been impacted by Coronavirus?

Garmin's stock was trading at $80.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GRMN shares have increased by 21.2% and is now trading at $97.57.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Garmin?

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.

When is Garmin's next earnings date?

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Garmin.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) issued its quarterly earnings data on Wednesday, July, 29th. The scientific and technical instruments company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.53. The scientific and technical instruments company earned $870 million during the quarter, compared to analyst estimates of $666.68 million. Garmin had a net margin of 24.82% and a return on equity of 17.77%. The company's revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS.
View Garmin's earnings history.

How often does Garmin pay dividends? What is the dividend yield for Garmin?

Garmin announced a quarterly dividend on Wednesday, June 10th. Investors 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 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, March 12th.
View Garmin's dividend history.

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

Garmin updated its FY20 earnings guidance on Wednesday, October, 28th. The company provided earnings per share guidance of $4.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.07. The company issued revenue guidance of $4.0 B, compared to the consensus revenue estimate of $3.75 billion.

What price target have analysts set for GRMN?

9 analysts have issued 12 month price targets for Garmin's stock. Their forecasts range from $76.00 to $118.00. On average, they anticipate Garmin's stock price to reach $96.17 in the next twelve months. This suggests that the stock has a possible downside of 1.4%.
View analysts' price targets for Garmin.

Who are some of Garmin's key competitors?

Some companies that are related to Garmin include Northrop Grumman (NOC), L3Harris Technologies (LHX), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Applied Energetics (AERG), Coda Octopus Group (CODA), PASSUR Aerospace (PSSR), Applied Science Products (APLD), Global Ecology (GLEC) and Location Based Technologies (LBAS).
View all 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 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).

Who are Garmin's key executives?

Garmin's management team includes the following 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, Chairman Emeritus (Age 81)

What is Garmin's stock symbol?

Garmin trades on the NASDAQ under the ticker symbol "GRMN."

Who are Garmin's major shareholders?

Garmin's stock is owned by many different retail and institutional investors. Top institutional investors include M&G Investment Management Ltd. (0.34%), Wedge Capital Management L L P NC (0.15%), Scout Investments Inc. (0.09%), State of New Jersey Common Pension Fund D (0.05%), Envestnet Asset Management Inc. (0.05%) and Crossmark Global Holdings Inc. (0.04%). Company insiders that own Garmin stock include Clifton A Pemble, Joseph J Hartnett, Matthew Munn, Min H Kao, Patrick Desbois and Sean Biddlecombe.
View institutional ownership trends for Garmin.

Which major investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Wedge Capital Management L L P NC, Forsta AP Fonden, State of Alaska Department of Revenue, Scout Investments Inc., Denali Advisors LLC, Nissay Asset Management Corp Japan ADV, and Princeton Global Asset Management 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.

Which major investors are buying Garmin stock?

GRMN stock was purchased by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., Jag Capital Management LLC, Paradigm Capital Management Inc. NY, Moser Wealth Advisors LLC, Foster Victor Wealth Advisors LLC, Ethic Inc., NuWave Investment Management LLC, and State of Michigan Retirement System.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $97.57.

How big of a company is Garmin?

Garmin has a market capitalization of $18.66 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.

What is Garmin's official website?

The official website for Garmin is 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]

This page was last updated on 10/28/2020 by MarketBeat.com Staff
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