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NYSE:GRMN

Garmin (GRMN) Stock Forecast, Price & News

$103.52
+0.37 (+0.36%)
(As of 12:38 PM ET)
Compare
Today's Range
$102.36
$103.67
50-Day Range
$95.20
$105.53
52-Week Range
$76.37
$108.32
Volume
207,412 shs
Average Volume
886,566 shs
Market Capitalization
$19.80 billion
P/E Ratio
20.70
Dividend Yield
2.82%
Price Target
$118.80

Garmin MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.9% Upside
$118.80 Price Target
Short Interest
Bearish
2.24% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.11
Upright™ Environmental Score
News Sentiment
0.33mentions of Garmin in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.30%
From $5.22 to $5.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Computer And Technology Sector

321st out of 1,226 stocks

Search & Navigation Equipment Industry

3rd out of 20 stocks


GRMN stock logo

About Garmin (NYSE:GRMN) Stock

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following segments: Marine, Outdoor, Fitness, Auto OEM, Consumer Auto, and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile, and Connect IQ. The Fitness segment refers to the products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Meters, Safety & Awareness, and Activity Tracking Devices. The Auto OEM and Consumer Auto segments offer products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions, and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as governm

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GRMN Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Garmin unveils next-gen fēnix 7 Pro Series
Garmin Approach S70 Golf Watch Review
See More Headlines

GRMN Price History

GRMN Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2023
Dividend Payable
3/31/2023
Last Earnings
5/03/2023
Today
6/01/2023
Ex-Dividend for 6/30 Dividend
6/16/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Search & navigation equipment
Sub-Industry
Consumer Electronics
CUSIP
H2906T10
Employees
19,700
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$118.80
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$99.00
Forecasted Upside/Downside
+15.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$973.59 million
Pretax Margin
21.74%

Debt

Sales & Book Value

Annual Sales
$4.86 billion
Cash Flow
$5.99 per share
Book Value
$33.48 per share

Miscellaneous

Free Float
152,382,000
Market Cap
$19.73 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Clifton Albert PembleClifton Albert Pemble
    President, Chief Executive Officer & Director
  • Douglas Gerard BoessenDouglas Gerard Boessen
    Chief Financial Officer & Treasurer
  • Philip I. StraubPhilip I. Straub
    Executive VP & Managing Director-Aviation
  • Andrew Russell Etkind
    Secretary, Vice President & General Counsel
  • Danny Jo Bartel
    Vice President-Global Consumer Sales













GRMN Stock - Frequently Asked Questions

Should I buy or sell Garmin stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GRMN shares.
View GRMN analyst ratings
or view top-rated stocks.

What is Garmin's stock price forecast for 2023?

6 Wall Street analysts have issued 1 year price objectives for Garmin's shares. Their GRMN share price forecasts range from $99.00 to $165.00. On average, they predict the company's stock price to reach $118.80 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for GRMN
or view top-rated stocks among Wall Street analysts.

How have GRMN shares performed in 2023?

Garmin's stock was trading at $92.29 at the start of the year. Since then, GRMN shares have increased by 11.8% and is now trading at $103.14.
View the best growth stocks for 2023 here
.

Are investors shorting Garmin?

Garmin saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,430,000 shares, an increase of 6.5% from the April 30th total of 3,220,000 shares. Based on an average daily volume of 825,700 shares, the short-interest ratio is presently 4.2 days. Approximately 2.2% of the company's shares are sold short.
View Garmin's Short Interest
.

When is Garmin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our GRMN earnings forecast
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) issued its quarterly earnings results on Wednesday, May, 3rd. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.02. The scientific and technical instruments company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.09 billion. Garmin had a net margin of 19.94% and a trailing twelve-month return on equity of 15.98%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share.

How often does Garmin pay dividends? What is the dividend yield for Garmin?

Garmin declared a quarterly dividend on Wednesday, February 22nd. Investors of record on Tuesday, June 20th will be paid a dividend of $0.73 per share on Friday, June 30th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, June 16th.
Read our dividend analysis for GRMN
.

Is Garmin a good dividend stock?

Garmin (NYSE:GRMN) pays an annual dividend of $2.92 per share and currently has a dividend yield of 2.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRMN will have a dividend payout ratio of 50.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRMN.

What guidance has Garmin issued on next quarter's earnings?

Garmin issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $5.15-$5.15 for the period, compared to the consensus estimate of $5.23. The company issued revenue guidance of $5.00 billion-$5.00 billion, compared to the consensus revenue estimate of $5.01 billion.

What is Garmin's stock symbol?

Garmin trades on the New York Stock Exchange (NYSE) under the ticker symbol "GRMN."

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.86%), Artisan Partners Limited Partnership (3.63%), State Street Corp (3.24%), Geode Capital Management LLC (1.79%), First Trust Advisors LP (1.49%) and Bank of New York Mellon Corp (1.12%). Insiders that own company stock include Clifton A Pemble, Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, Matthew Munn, Patrick Desbois, Philip Straub and Sean Biddlecombe.
View institutional ownership trends
.

How do I buy shares of Garmin?

Shares of GRMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $103.14.

How much money does Garmin make?

Garmin (NYSE:GRMN) has a market capitalization of $19.73 billion and generates $4.86 billion in revenue each year. The scientific and technical instruments company earns $973.59 million in net income (profit) each year or $5.00 on an earnings per share basis.

How many employees does Garmin have?

The company employs 19,700 workers across the globe.

Does Garmin have any subsidiaries?
The following companies are subsidiares of Garmin: ActiveCaptain, Alphamantis Technologies, Belanor AS, DeLorme, Digital Cyclone, Dynastream Innovations, EME Tec Sat SAS, EmpirBus, Fairpoint Navigation A/S, Firstbeat Analytics, Flight Plan, Flight Plan LLC, Formar Electronics N.V./S.A., Fusion Electronics, Garmap (Pty) Ltd., Garmin (Europe) Ltd., Garmin AT Inc., Garmin Africa Holdings (Pty) Ltd., Garmin Argentina SRL, Garmin Australasia Pty Ltd., Garmin Austria GmbH, Garmin Austria Holding GmbH, Garmin Belux NV/SA, Garmin Brasil Comércio de Tecnologias Ltda., Garmin Canada Inc., Garmin Chile Lda, Garmin Chile Lda., Garmin China ChengDu Co. Ltd., Garmin China Co. Ltd., Garmin China Shanghai Co. Ltd., Garmin China Shanghai RHQ Co. Ltd., Garmin China Yangzhou Co. Ltd., Garmin Cluj SRL, Garmin Comercializadora S. de RL. de CV, Garmin Corporation, Garmin Czech s.r.o, Garmin Danmark Ejendomme ApS, Garmin Deutschland Beteiligungs GmbH, Garmin Deutschland GmbH, Garmin France SAS, Garmin Hrvatska d.o.o., Garmin Iberia S.A., Garmin Iberia SA, Garmin India Private Ltd., Garmin International Inc., Garmin Italia S.p.A., Garmin Italia S.r.l., Garmin Japan Ltd., Garmin Korea Ltd., Garmin Luxembourg Holdings S.à r.l., Garmin Luxembourg S.à r.l., Garmin Navigation Mexico S de RL de CV, Garmin Nederland B.V., Garmin New Zealand Ltd., Garmin Nordic Denmark A/S, Garmin Nordic Finland Holding Oy, Garmin Nordic Finland Oy, Garmin Nordic Norway AS, Garmin Nordic Norway Holding AS, Garmin Nordic Sweden AB, Garmin North America Inc., Garmin Polska Sp. z o.o., Garmin Realty LLC, Garmin Services Inc., Garmin Singapore Pte. Ltd, Garmin Southern Africa (Pty) Ltd., Garmin Spain S.L.U., Garmin Switzerland Distribution GmbH, Garmin Switzerland GmbH, Garmin USA Inc., Garmin Würzburg GmbH, Garmin trgovina in servis d.o.o., Iiyonet, MetriGear, MotionBased Technologies, Nautamatic Marine Systems, Navcor Oy, Navigon, Navionics, Navionics Inc., Navionics OÜ, Navionics S.r.l., Navionics Technologies Pvt. Ltd., Nexus Marine AB, PulsedLight, Sportsmanship International AB, Tri-Tronics, UPS Aviation Technologies, and iKubu.
Read More
How can I contact Garmin?

Garmin's mailing address is MUHLENTALSTRASSE 2, SCHAFFHAUSEN V8, CH-8200. The official website for the company is www.garmin.com. The scientific and technical instruments company can be reached via phone at (152) 630-1600, via email at investor.relations@garmin.com, or via fax at 1-345-945-3390.

This page (NYSE:GRMN) was last updated on 6/1/2023 by MarketBeat.com Staff

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