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 paid a dividend of $0.57 per share on Tuesday, March 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, March 13th. View Garmin's Dividend History.

Garmin Ltd. (NASDAQ:GRMN) issued its earnings results on Wednesday, February, 19th. The scientific and technical instruments company reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 18.73% and a net margin of 21.79%. The firm's revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 updated 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 estimate of $4.07. The company issued revenue guidance of ~$4.0 billion, compared to the consensus revenue estimate of $3.78 billion.

5 brokerages have issued 12 month price objectives for Garmin's stock. Their forecasts range from $81.95 to $104.00. On average, they expect Garmin's stock price to reach $96.49 in the next year. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Garmin.

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

Media stories about GRMN stock have trended extremely negative on Thursday, according to InfoTrie. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog 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 news sentiment score of -4.3 on InfoTrie's scale. They also gave news stories about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Garmin.

Garmin saw a decrease in short interest during the month of 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 volume of 884,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.1% of the company's shares are sold short. 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 many different of institutional and retail investors. Top institutional investors include State Street Corp (3.14%), Robeco Institutional Asset Management B.V. (0.96%), Janus Henderson Group PLC (0.85%), First Trust Advisors LP (0.67%), AQR Capital Management LLC (0.62%) and Bank of New York Mellon Corp (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 bought by a variety of institutional investors in the last quarter, including FMR LLC, M&G Investment Management Ltd., Janus Henderson Group PLC, Wedge Capital Management L L P NC, Envestnet Asset Management Inc., Victory Capital Management Inc., Marshall Wace LLP and Charles Schwab Investment Management Inc.. 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 $99.62.

Garmin has a market capitalization of $19.73 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]