NASDAQ:GRMNGarmin Stock Price, Forecast & News

Garmin's stock was trading at $80.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GRMN stock has decreased by 2.3% and is now trading at $78.65. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Garmin.

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Garmin.

Garmin Ltd. (NASDAQ:GRMN) released its quarterly earnings data on Wednesday, February, 19th. The scientific and technical instruments company reported $1.29 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.00 by $0.29. The scientific and technical instruments company earned $1.10 billion during the quarter, compared to analysts' expectations of $1.01 billion. Garmin had a net margin of 25.35% and a return on equity of 19.26%. The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 EPS. View Garmin's earnings history.

Garmin declared a quarterly dividend on Wednesday, February 19th. Investors of record on Monday, June 15th will be given a dividend of $0.61 per share on Tuesday, June 30th. This represents a $2.44 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, June 12th. This is a positive change from Garmin's previous quarterly dividend of $0.57. View Garmin's dividend history.

Garmin updated its FY20 earnings guidance on Wednesday, February, 19th. The company provided EPS guidance of ~$4.60 for the period, compared to the Thomson Reuters consensus estimate of $4.07. The company issued revenue guidance of ~$4.0 billion, compared to the consensus revenue estimate of $3.78 billion.

6 equities research analysts have issued 12-month target prices for Garmin's shares. Their forecasts range from $77.00 to $104.00. On average, they expect Garmin's stock price to reach $96.25 in the next year. This suggests a possible upside of 22.4% from the stock's current price. View analysts' price targets for Garmin.

News articles about GRMN stock have been trending very negative on Thursday, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Garmin earned a news impact score of -3.3 on InfoTrie's scale. They also gave media headlines about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutGarmin.

Garmin saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,167,600 shares, an increase of 18.6% from the February 27th total of 2,670,000 shares. Based on an average daily trading volume, of 1,153,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.3% of the company's stock are sold short. View Garmin's Current Options Chain.

Some companies that are related to Garmin include Northrop Grumman (NOC), L3Harris (LHX), Raytheon (RTN), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Coda Octopus Group (CODA), Applied Energetics (AERG) and PASSUR Aerospace (PSSR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include AT&T (T), NVIDIA (NVDA), Verizon Communications (VZ), Cisco Systems (CSCO), Walt Disney (DIS), Alibaba Group (BABA), Intel (INTC), Home Depot (HD), Micron Technology (MU) and JPMorgan Chase & Co. (JPM).

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

Garmin's stock is owned by a number of institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (0.35%), Hexavest Inc. (0.19%), State of Alaska Department of Revenue (0.01%), First American Bank (0.00%), American National Bank (0.00%) and IBM Retirement Fund (0.00%). Company insiders that own Garmin stock include Clifton A Pemble, Danny J Bartel, Donald Eller, Joseph J Hartnett, Matthew Munn, Min H Kao, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View institutional ownership trends for Garmin.

GRMN stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., M&G Investment Management Ltd., and Cypress Capital Group. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Matthew Munn, Min H Kao, and Sean Biddlecombe. View insider buying and selling activity for Garmin.

GRMN stock was acquired by a variety of institutional investors in the last quarter, including First American Bank, American National Bank, IBM Retirement Fund, State of Alaska Department of Revenue, and Spirit of America Management Corp NY. View insider buying and selling activity for 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.

One share of GRMN stock can currently be purchased for approximately $78.65.

Garmin has a market capitalization of $15.00 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. View additional information about Garmin.

The official website for Garmin is http://www.garmin.com/.

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]