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: www.garmin.com
Capitalization:
  • Market Cap: $10.47 billion
  • Outstanding Shares: 187,703,000
Average Prices:
  • 50 Day Moving Avg: $53.49
  • 200 Day Moving Avg: $51.87
  • 52 Week Range: $46.80 - $55.87
P/E:
  • Trailing P/E Ratio: 15.68
  • Foreward P/E Ratio: 19.58
  • P/E Growth: 4.58
Sales & Book Value:
  • Annual Revenue: $3.04 billion
  • Price / Sales: 3.45
  • Book Value: $18.56 per share
  • Price / Book: 3.01
Dividend:
  • Annual Dividend: $2.04
  • Dividend Yield: 3.7%
Profitability:
  • EBITDA: $726.79 million
  • Net Margins: 22.07%
  • Return on Equity: 15.55%
  • Return on Assets: 11.76%
Debt:
  • Current Ratio: 2.48%
  • Quick Ratio: 1.92%
Misc:
  • 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?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 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 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?

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 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?

One share of Garmin stock can currently be purchased for approximately $55.80.


MarketBeat Community Rating for Garmin (NASDAQ GRMN)
Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  191 (Vote Outperform)
Underperform Votes:  472 (Vote Underperform)
Total Votes:  663
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 (5.38% downside)
Consensus Price Target History for Garmin (NASDAQ:GRMN)
Price Target History for Garmin (NASDAQ:GRMN)
Analysts' Ratings History for Garmin (NASDAQ:GRMN)
Show:
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
(Data available from 10/23/2015 forward)

Earnings

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
11/1/2017$0.66N/AView Earnings Details
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)

Estimates

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)

Dividends

Current Dividend Information for Garmin (NASDAQ:GRMN)
Most Recent Dividend:9/29/2017
Annual Dividend:$2.04
Dividend Yield:3.66%
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 Payments by Quarter for Garmin (NASDAQ:GRMN)

Dividend History by Quarter for Garmin (NASDAQ GRMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/5/2017Quarterly$0.519/14/20179/15/20179/29/2017
2/22/2017Quarterly$0.516/15/20176/19/20176/30/2017
6/20/2016Quarterly$0.513/13/20173/15/20173/31/2017
6/14/2016Quarterly$0.5112/12/201612/14/201612/30/2016
6/14/2016Quarterly$0.519/13/20169/15/20169/30/2016
2/17/2016jun 16$0.516/14/20166/16/20166/30/2016
12/1/2015$0.513/11/20163/15/20163/31/2016
8/7/2015Quarterly$0.5112/11/201512/15/201512/31/2015
8/4/2015quarterly$0.519/11/20159/15/20159/30/2015
6/5/2015quarterly$0.516/12/20156/16/20156/30/2015
9/8/2014$0.4812/11/201412/15/201412/31/2014
10/31/2014quarterly$0.483/12/20153/16/20153/31/2015
9/8/2014quarterly$0.489/11/20149/15/20149/30/2014
6/6/2014quarterly$0.486/13/20146/17/20146/30/2014
2/19/2014$0.453/13/20143/17/20143/31/2014
10/28/2013$0.4512/12/201312/16/201312/31/2013
2/20/2013quarterly$0.456/18/20136/28/2013
(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
10/13/2017Clifton A PembleInsiderSell4,066$55.00$223,630.00View SEC Filing  
10/13/2017Patrick DesboisEVPSell1,881$55.00$103,455.00View SEC Filing  
9/25/2017Andrew R. EtkindVPSell2,073$53.00$109,869.00View SEC Filing  
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)

Headlines

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Garmin (GRMN) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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