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. Shareholders 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 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, March 13th. View Garmin's Dividend History.

Garmin Ltd. (NASDAQ:GRMN) issued its quarterly earnings data on Wednesday, February, 19th. The scientific and technical instruments company reported $1.29 earnings per share (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 analyst estimates of $1.01 billion. Garmin had a net margin of 21.79% and a return on equity of 18.73%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 EPS. 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 brokers have issued 1 year target prices for Garmin's shares. Their forecasts range from $81.95 to $104.00. On average, they anticipate Garmin's share price to reach $97.99 in the next twelve months. This suggests that the stock has a possible downside of 1.8%. 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.

Headlines about GRMN stock have trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of 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 -4.3 on InfoTrie's scale. They also gave news coverage about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Garmin.

Garmin saw a decrease in short interest in January. As of January 15th, there was short interest totalling 2,880,000 shares, a decrease of 14.8% from the December 31st total of 3,380,000 shares. Based on an average daily trading volume, of 884,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.1% of the company's 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 institutional and retail 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 $99.81.

Garmin has a market capitalization of $19.77 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]