NASDAQ:GRMN - Garmin Stock Price, Forecast & News

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

Garmin declared a quarterly dividend on Wednesday, December 4th. Stockholders of record on Monday, March 16th will be given a dividend of $0.57 per share on Tuesday, March 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, March 13th. View Garmin's Dividend History.

Garmin Ltd. (NASDAQ:GRMN) posted its quarterly earnings results on Wednesday, February, 19th. The scientific and technical instruments company reported $1.29 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 18.73% and a net margin of 21.79%. Garmin's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 earnings per share. View Garmin's Earnings History.

Garmin is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Garmin.

Garmin issued an update on 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 EPS estimate of $4.07. The company issued revenue guidance of ~$4.0 billion, compared to the consensus revenue estimate of $3.78 billion.

6 brokerages have issued 1-year price targets for Garmin's shares. Their forecasts range from $81.95 to $104.00. On average, they expect Garmin's share price to reach $97.99 in the next year. This suggests that the stock has a possible downside of 1.4%. View Analyst Price Targets for Garmin.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Garmin.

Media headlines about GRMN stock have trended extremely negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Garmin earned a news sentiment score of -4.3 on InfoTrie's scale. They also assigned press coverage 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 company's share price in the next several days. View News Stories for Garmin.

Garmin saw a drop in short interest in January. As of January 15th, there was short interest totalling 2,880,000 shares, a drop of 14.8% from the December 31st total of 3,380,000 shares. Based on an average daily volume of 884,600 shares, the short-interest ratio is currently 3.3 days. Currently, 2.1% of the shares of the stock are short sold. View Garmin's Current Options Chain.

Some companies that are related to Garmin include Raytheon (RTN), Northrop Grumman (NOC), L3Harris (LHX), 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), Verizon Communications (VZ), NVIDIA (NVDA), Cisco Systems (CSCO), Micron Technology (MU), QUALCOMM (QCOM), General Electric (GE), Home Depot (HD), Intel (INTC) and Alibaba Group (BABA).

Garmin's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.14%), Geode Capital Management LLC (1.59%), Robeco Institutional Asset Management B.V. (0.96%), Janus Henderson Group PLC (0.85%), First Trust Advisors LP (0.67%) and AQR Capital Management LLC (0.62%). Company insiders that own Garmin stock include Andrew R Etkind, Charles Peffer, Clifton A Pemble, Danny J Bartel, Donald Eller, 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 PGGM Investments, AQR Capital Management LLC, Principal Financial Group Inc., Schroder Investment Management Group, Renaissance Technologies LLC, Cubist Systematic Strategies LLC, DekaBank Deutsche Girozentrale and Man Group plc. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Min H Kao, Patrick Desbois and Sean Biddlecombe. View Insider Buying and Selling for Garmin.

GRMN stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, M&G Investment Management Ltd., Janus Henderson Group PLC, Geode Capital Management LLC, Wedge Capital Management L L P NC, Envestnet Asset Management Inc., Victory Capital Management Inc. and Marshall Wace LLP. View Insider Buying and Selling 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 $99.34.

Garmin has a market capitalization of $19.68 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.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]