NASDAQ:GRMNGarmin Stock Price, Forecast & News

Garmin's stock was trading at $80.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GRMN stock has increased by 19.9% and is now trading at $96.53. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Garmin.

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Garmin.

Garmin Ltd. (NASDAQ:GRMN) announced its quarterly earnings data on Wednesday, April, 29th. The scientific and technical instruments company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.07. The scientific and technical instruments company had revenue of $856.11 million for the quarter, compared to analysts' expectations of $817.65 million. Garmin had a net margin of 25.30% and a return on equity of 19.38%. Garmin's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. View Garmin's earnings history.

Garmin announced a quarterly dividend on Wednesday, February 19th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.61 per share on Tuesday, June 30th. This represents a $2.44 annualized dividend and a yield of 2.53%. 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.

8 equities research analysts have issued 1 year target prices for Garmin's shares. Their forecasts range from $76.00 to $104.00. On average, they anticipate Garmin's stock price to reach $91.40 in the next year. This suggests that the stock has a possible downside of 5.3%. View analysts' price targets for Garmin.

News stories about GRMN stock have trended somewhat negative recently, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Garmin earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories 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 stock's share price in the near future. View the latest news aboutGarmin.

Garmin saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,470,000 shares, an increase of 19.2% from the April 30th total of 2,910,000 shares. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.5% 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), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Applied Energetics (AERG), Coda Octopus Group (CODA) and PASSUR Aerospace (PSSR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include AT&T (T), Cisco Systems (CSCO), NVIDIA (NVDA), Verizon Communications (VZ), Walt Disney (DIS), Intel (INTC), Alibaba Group (BABA), Home Depot (HD), CVS Health (CVS) and Visa (V).

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

Garmin's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.90%), State Street Corp (3.30%), Geode Capital Management LLC (1.69%), JPMorgan Chase & Co. (1.38%), Robeco Institutional Asset Management B.V. (0.97%) and Disciplined Growth Investors Inc. MN (0.83%). Company insiders that own Garmin stock include Clifton A Pemble, Joseph J Hartnett, Matthew Munn, Min H Kao, 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 First Trust Advisors LP, Squarepoint Ops LLC, AQR Capital Management LLC, Avalon Investment & Advisory, Janus Henderson Group PLC, Hexavest Inc., Morgan Stanley, and Morgan Stanley. 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 purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., APG Asset Management N.V., Pictet Asset Management Ltd., Wells Fargo & Company MN, Ceredex Value Advisors LLC, Alliancebernstein L.P., Virginia Retirement Systems ET AL, and Victory Capital Management Inc.. 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 $96.53.

Garmin has a market capitalization of $18.44 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.

The official website for Garmin is 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]