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NYSE:GRMN

Garmin (GRMN) Stock Forecast, Price & News

$100.65
-0.13 (-0.13%)
(As of 05/20/2022 12:00 AM ET)
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Compare
Today's Range
$97.42
$102.41
50-Day Range
$97.95
$121.39
52-Week Range
$97.36
$178.80
Volume
1.22 million shs
Average Volume
1.18 million shs
Market Capitalization
$19.44 billion
P/E Ratio
18.14
Dividend Yield
2.66%
Beta
1.01
30 days | 90 days | 365 days | Advanced Chart
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Garmin logo

About Garmin

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Headlines

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Industry, Sector and Symbol

Industry
Search & navigation equipment
Sub-Industry
Consumer Electronics
CUSIP
H2906T10
Employees
18,700
Year Founded
1989

Sales & Book Value

Annual Sales
$4.98 billion
Cash Flow
$6.61 per share
Book Value
$32.36 per share

Profitability

Net Income
$1.08 billion
Pretax Margin
23.45%

Debt

Price-To-Earnings

Miscellaneous

Free Float
151,816,000
Market Cap
$19.44 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2022
Dividend Payable
3/31/2022
Last Earnings
4/27/2022
Today
5/20/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.13 out of 5 stars

Computer And Technology Sector

22nd out of 924 stocks

Search & Navigation Equipment Industry

1st out of 12 stocks

Analyst Opinion: 3.5Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -













Garmin (NYSE:GRMN) Frequently Asked Questions

Is Garmin a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Garmin stock.
View analyst ratings for Garmin
or view top-rated stocks.

When is Garmin's next earnings date?

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Garmin
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) posted its quarterly earnings data on Wednesday, April, 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The scientific and technical instruments company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Garmin had a net margin of 21.12% and a trailing twelve-month return on equity of 18.67%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.18 earnings per share.
View Garmin's earnings history
.

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

Garmin declared a quarterly dividend on Wednesday, June 9th. Shareholders of record on Tuesday, March 15th will be paid a dividend of $0.67 per share on Thursday, March 31st. This represents a $2.68 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Monday, March 14th.
View Garmin's dividend history
.

Is Garmin a good dividend stock?

Garmin pays an annual dividend of $2.68 per share and currently has a dividend yield of 2.66%. Garmin has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Garmin is 48.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Garmin will have a dividend payout ratio of 40.30% next year. This indicates that Garmin will be able to sustain or increase its dividend.
View Garmin's dividend history.

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

Garmin issued an update on its FY22 earnings guidance on Wednesday, April, 27th. The company provided EPS guidance of $5.90 for the period, compared to the consensus EPS estimate of $5.97. The company issued revenue guidance of ~$5.5 billion, compared to the consensus revenue estimate of $5.48 billion.

What price target have analysts set for GRMN?

4 brokers have issued 12 month price objectives for Garmin's stock. Their forecasts range from $127.00 to $208.00. On average, they expect Garmin's share price to reach $156.25 in the next year. This suggests a possible upside of 55.2% from the stock's current price.
View analysts' price targets for Garmin
or view top-rated stocks among Wall Street analysts.

Who are Garmin's key executives?
Garmin's management team includes the following people:
  • Dr. Min-Hwan Kao Ph.D., Co-Founder & Exec. Chairman (Age 73, Pay $384.19k)
  • Mr. Clifton Albert Pemble, Pres, CEO & Director (Age 56, Pay $1.08M)
  • Mr. Douglas Gerard Boessen, CFO & Treasurer (Age 59, Pay $669.42k) (LinkedIn Profile)
  • Mr. Andrew R. Etkind, VP, Gen. Counsel & Sec. (Age 66, Pay $1.02M)
  • Mr. Philip I. Straub, Exec. VP & MD of Aviation - Garmin International, Inc
  • Mr. Patrick G. Desbois, Exec. VP of Operations - Garmin International, Inc. (LinkedIn Profile)
  • Ms. Teri Seck, Mang. of Investor Relations
  • Mr. Ted Gartner, Director of Corp. Communications
  • Mr. Sean Biddlecombe, Managing Director of EMEA
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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.95%), BlackRock Inc. (7.39%), State Street Corp (3.37%), JPMorgan Chase & Co. (1.09%), Boston Partners (0.90%) and Northern Trust Corp (0.87%). Company insiders that own Garmin stock include Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, Matthew Munn, Patrick Desbois, Philip Straub and Sean Biddlecombe.
View institutional ownership trends for Garmin
.

Which major investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Robeco Institutional Asset Management B.V., Select Equity Group L.P., Clark Capital Management Group Inc., Panagora Asset Management Inc., State Street Corp, Healthcare of Ontario Pension Plan Trust Fund, and Scout Investments Inc.. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Jonathan Burrell, and Sean Biddlecombe.
View insider buying and selling activity for Garmin
or view top insider-selling stocks.

Which major investors are buying Garmin stock?

GRMN stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Renaissance Technologies LLC, Vanguard Group Inc., Goldman Sachs Group Inc., Invesco Ltd., and UBS Group AG.
View insider buying and selling activity for Garmin
or or view top insider-buying stocks.

How do I buy shares of Garmin?

Shares of GRMN 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 $100.65.

How much money does Garmin make?

Garmin has a market capitalization of $19.44 billion and generates $4.98 billion in revenue each year. The scientific and technical instruments company earns $1.08 billion in net income (profit) each year or $5.55 on an earnings per share basis.

How many employees does Garmin have?

Garmin employs 18,700 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.

When was Garmin founded?

Garmin was founded in 1989.

What is Garmin's official website?

The official website for Garmin is www.garmin.com.

How can I contact Garmin?

Garmin's mailing address is MUHLENTALSTRASSE 2, SCHAFFHAUSEN V8, CH-8200. The scientific and technical instruments company can be reached via phone at (152) 630-1600, via email at [email protected], or via fax at 1-345-945-3390.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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