Garmin (GRMN) Stock Forecast, Price & News

6 Wall Street research 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 research analysts is that investors should "moderate buy" GRMN shares.
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6 analysts have issued 1 year target prices for Garmin's shares. Their GRMN share price forecasts range from $103.00 to $165.00. On average, they anticipate the company's stock price to reach $123.20 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
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Garmin's stock was trading at $92.29 at the beginning of the year. Since then, GRMN stock has increased by 14.0% and is now trading at $105.20.
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Garmin saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,310,000 shares, an increase of 11.4% from the August 31st total of 2,970,000 shares. Based on an average daily trading volume, of 746,800 shares, the short-interest ratio is presently 4.4 days. Currently, 2.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our GRMN earnings forecast.

Garmin Ltd. (NYSE:GRMN) posted its quarterly earnings data on Wednesday, August, 2nd. The scientific and technical instruments company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.02. The scientific and technical instruments company earned $1.32 billion during the quarter, compared to analyst estimates of $1.26 billion. Garmin had a net margin of 20.23% and a trailing twelve-month return on equity of 15.81%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share.

Garmin announced a quarterly dividend on Friday, June 16th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.73 per share on Friday, March 29th. This represents a $2.92 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for GRMN.

ETFs with the largest weight of Garmin (NYSE:GRMN) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR), Procure Space ETF (UFO), Invesco Next Gen Connectivity ETF (PXQ), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), First Trust Capital Strength ETF (FTCS), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) and Invesco Zacks Mid-Cap ETF (CZA).

Garmin (NYSE:GRMN) pays an annual dividend of $2.92 per share and currently has a dividend yield of 2.78%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 56.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRMN will have a dividend payout ratio of 51.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRMN.

Garmin updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $5.15-$5.15 for the period, compared to the consensus earnings per share estimate of $5.24. The company issued revenue guidance of $5.05 billion-$5.05 billion, compared to the consensus revenue estimate of $5.05 billion.

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

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.
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One share of GRMN stock can currently be purchased for approximately $105.20.

Garmin (NYSE:GRMN) has a market capitalization of $20.14 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 $5.17 on an earnings per share basis.

The company employs 19,700 workers across the globe.

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.