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 shares have decreased by 7.8% and is now trading at $74.23. View which stocks have been mosted 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) announced its quarterly earnings results on Wednesday, February, 19th. The scientific and technical instruments company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.29. The scientific and technical instruments company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.01 billion. Garmin had a net margin of 25.35% and a return on equity of 19.26%. The business's revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.02 EPS. View Garmin's earnings history.

Garmin declared a quarterly dividend on Wednesday, February 19th. Stockholders 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 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, June 12th. This is an increase 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 earnings per share guidance of ~$4.60 for the period, compared to the Thomson Reuters consensus earnings per share 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 stock. 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 29.7% from the stock's current price. View analysts' price targets for Garmin.

Press coverage about GRMN stock has been trending very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Garmin earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news coverage about the scientific and technical instruments company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutGarmin.

Garmin saw a increase in short interest in 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 shares of the company are short sold. 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 many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.01%), First American Bank (0.00%), American National Bank (0.00%), IBM Retirement Fund (0.00%) and Spirit of America Management Corp NY (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 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 $74.23.

Garmin has a market capitalization of $14.15 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]