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NASDAQ:GRMN

Garmin Stock Forecast, Price & News

$97.30
-0.90 (-0.92 %)
(As of 09/18/2020 12:21 PM ET)
Add
Compare
Today's Range
$97.30
Now: $97.30▼
$99.08
50-Day Range
$98.39
MA: $101.90▼
$105.81
52-Week Range
$61.04
Now: $97.30▼
$106.00
Volume6,075 shs
Average Volume1.01 million shs
Market Capitalization$18.61 billion
P/E Ratio19.94
Dividend Yield2.48%
Beta0.93
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

Debt

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

Price-To-Earnings

Trailing P/E Ratio19.94
Forward P/E Ratio23.97
P/E Growth3.62

Sales & Book Value

Annual Sales$3.76 billion
Price / Sales4.95
Cash Flow$4.69 per share
Price / Cash Flow20.75
Book Value$24.20 per share
Price / Book4.02

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

Employees15,000
Outstanding Shares191,237,000
Market Cap$18.61 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$97.30
-0.90 (-0.92 %)
(As of 09/18/2020 12:21 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Garmin (NASDAQ:GRMN) Frequently Asked Questions

How has Garmin's stock been impacted by COVID-19 (Coronavirus)?

Garmin's stock was trading at $80.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GRMN shares have increased by 22.4% and is now trading at $98.53.
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, November 4th 2020.
View our earnings forecast for Garmin.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) released its quarterly earnings data on Wednesday, July, 29th. The scientific and technical instruments company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.53. The scientific and technical instruments company had revenue of $870 million for the quarter, compared to analyst estimates of $666.68 million. Garmin had a return on equity of 17.77% and a net margin of 24.82%. The company's revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share.
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. Stockholders of record on Monday, March 15th will be paid a dividend of $0.61 per share on Wednesday, March 31st. This represents a $2.44 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, March 12th.
View Garmin's dividend history.

What price target have analysts set for GRMN?

9 equities research analysts have issued twelve-month price targets for Garmin's stock. Their forecasts range from $76.00 to $118.00. On average, they expect Garmin's stock price to reach $96.17 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
View analysts' price targets for Garmin.

Are investors shorting Garmin?

Garmin saw a drop in short interest in August. As of August 14th, there was short interest totaling 3,100,000 shares, a drop of 24.4% from the July 30th total of 4,100,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 3.0 days. Currently, 2.2% of the company's stock are short sold.
View Garmin's Short Interest.

Who are some of Garmin's key competitors?

Some companies that are related to Garmin include Northrop Grumman (NOC), L3Harris (LHX), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Applied Energetics (AERG), Coda Octopus Group (CODA), PASSUR Aerospace (PSSR) and Applied Science Products (APLD).
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), Verizon Communications (VZ), QUALCOMM (QCOM), Walt Disney (DIS), Pfizer (PFE), Micron Technology (MU) and Visa (V).

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.50%), First Trust Advisors LP (0.99%), Robeco Institutional Asset Management B.V. (0.69%), Bank of New York Mellon Corp (0.66%), FMR LLC (0.64%) and California Public Employees Retirement System (0.55%). 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 institutional investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Robeco Institutional Asset Management B.V., Vanguard Group Inc., Teacher Retirement System of Texas, Victory Capital Management Inc., Canada Pension Plan Investment Board, Railway Pension Investments Ltd, and State of Wisconsin Investment Board. 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 institutional investors are buying Garmin stock?

GRMN stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Raymond James & Associates, Avalon Investment & Advisory, Cubist Systematic Strategies LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., FMR LLC, Bank of America Corp DE, and Great West Life Assurance Co. Can.
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 $98.53.

How big of a company is Garmin?

Garmin has a market capitalization of $18.84 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 9/18/2020 by MarketBeat.com Staff
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