NASDAQ:GRMN - Garmin Stock Price, News, & Analysis

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$83.68 -0.27 (-0.32 %)
(As of 03/19/2019 04:00 PM ET)
Previous Close$83.95
Today's Range$83.4650 - $84.49
52-Week Range$57.01 - $85.50
Volume1.25 million shs
Average Volume1.23 million shs
Market Capitalization$16.58 billion
P/E Ratio22.68
Dividend Yield2.53%
Beta0.92
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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Industry, Sector and Symbol

Industry Search & navigation equipment
Sub-IndustryConsumer Electronics
SectorComputer and Technology
Current SymbolNASDAQ:GRMN
CUSIPH2906T10
Phone41-52-630-1600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.35 billion
Cash Flow$4.0425 per share
Book Value$21.02 per share

Profitability

Net Income$694.08 million

Miscellaneous

Employees13,000
Market Cap$16.58 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Garmin (NASDAQ:GRMN) Frequently Asked Questions

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 Friday, February 15th. Investors of record on Friday, March 15th will be given a dividend of $0.53 per share on Friday, March 29th. This represents a $2.12 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, March 14th. View Garmin's Dividend History.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) announced its earnings results on Wednesday, February, 20th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.80 by $0.22. The scientific and technical instruments company earned $932.11 million during the quarter, compared to analyst estimates of $893.14 million. Garmin had a return on equity of 17.67% and a net margin of 20.74%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. View Garmin's Earnings History.

When is Garmin's next earnings date?

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Garmin.

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

Garmin updated its FY19 earnings guidance on Wednesday, February, 20th. The company provided earnings per share (EPS) guidance of $3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.52. The company issued revenue guidance of $3.50 billion, compared to the consensus revenue estimate of $3.43 billion.Garmin also updated its FY 2019 guidance to $3.70-3.70 EPS.

What price target have analysts set for GRMN?

4 analysts have issued 1-year price objectives for Garmin's stock. Their predictions range from $70.00 to $81.95. On average, they expect Garmin's share price to reach $73.2375 in the next year. This suggests that the stock has a possible downside of 12.5%. View Analyst Price Targets for Garmin.

What is the consensus analysts' recommendation for Garmin?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Garmin.

Has Garmin been receiving favorable news coverage?

News stories about GRMN stock have been trending positive this week, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Garmin earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news articles about the scientific and technical instruments company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the next few days.

Who are some of Garmin's key 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 Cisco Systems (CSCO), General Electric (GE), Netflix (NFLX), AT&T (T), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), QUALCOMM (QCOM), Micron Technology (MU), Wells Fargo & Co (WFC) and NVIDIA (NVDA).

Who are Garmin's key executives?

Garmin's management team includes the folowing 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, Co-Founder & Chairman Emeritus (Age 81)

Who are Garmin's major shareholders?

Garmin's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.51%), Geode Capital Management LLC (1.13%), Robeco Institutional Asset Management B.V. (1.10%), Oregon Public Employees Retirement Fund (0.80%), Dimensional Fund Advisors LP (0.71%) and Bank of New York Mellon Corp (0.69%). Company insiders that own Garmin stock include Andrew R Etkind, Charles Peffer, Clifton A Pemble, Danny J Bartel, Donald Eller, Jonathan Burrell, Min H Kao, Pao-Chang Huang, Patrick Desbois, Philip Straub 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 South Texas Money Management Ltd., Bank of Montreal Can, State of Tennessee Treasury Department, Mackenzie Financial Corp, Stevens Capital Management LP, Royal London Asset Management Ltd., Voloridge Investment Management LLC and Kornitzer Capital Management Inc. KS. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Danny J Bartel, Donald Eller, Min H Kao, Pao-Chang Huang, Patrick Desbois, Philip Straub and Sean Biddlecombe. View Insider Buying and Selling for Garmin.

Which institutional investors are buying Garmin stock?

GRMN stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, BlackRock Inc., Squarepoint Ops LLC, D. E. Shaw & Co. Inc., First Trust Advisors LP, Two Sigma Investments LP and California Public Employees Retirement System. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $83.68.

How big of a company is Garmin?

Garmin has a market capitalization of $16.58 billion and generates $3.35 billion in revenue each year. The scientific and technical instruments company earns $694.08 million in net income (profit) each year or $3.69 on an earnings per share basis. Garmin employs 13,000 workers across the globe.

What is Garmin's official website?

The official website for Garmin is http://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]


MarketBeat Community Rating for Garmin (NASDAQ GRMN)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  338 (Vote Outperform)
Underperform Votes:  615 (Vote Underperform)
Total Votes:  953
MarketBeat's community ratings are surveys of what our community members think about Garmin and other stocks. Vote "Outperform" if you believe GRMN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GRMN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/19/2019 by MarketBeat.com Staff

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