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NYSE:GRMN

Garmin (GRMN) Stock Forecast, Price & News

$102.95
-0.28 (-0.27%)
(As of 01:21 PM ET)
Compare
Today's Range
$102.79
$103.90
50-Day Range
$101.60
$107.71
52-Week Range
$76.37
$108.56
Volume
155,246 shs
Average Volume
823,414 shs
Market Capitalization
$19.71 billion
P/E Ratio
19.91
Dividend Yield
2.84%
Price Target
$123.20

Garmin MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.7% Upside
$123.20 Price Target
Short Interest
Bearish
2.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.07
Upright™ Environmental Score
News Sentiment
0.58mentions of Garmin in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$597,201 Sold Last Quarter
Proj. Earnings Growth
9.30%
From $5.16 to $5.64 Per Share

Overall MarketRank

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

2.59 out of 5 stars

Computer And Technology Sector

114th out of 584 stocks

Search & Navigation Equipment Industry

2nd out of 11 stocks


GRMN stock logo

About Garmin (NYSE:GRMN) Stock

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; 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, fishfinders, 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 domain controllers and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent 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.

GRMN Price History

GRMN Stock News Headlines

Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Garmin Buys JL Audio
Garmin completes acquisition of JL Audio
Garmin (GRMN) Boosts Marine Segment With New Chartplotters
Garmin: Cautiously Positive Growth Prospects
Garmin Ltd. stock falls Thursday, underperforms market
See More Headlines
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GRMN Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/27/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/25/2023
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
$123.20
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$103.00
Forecasted Upside/Downside
+19.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$973.59 million
Pretax Margin
22.13%

Debt

Sales & Book Value

Annual Sales
$4.86 billion
Cash Flow
$5.88 per share
Book Value
$32.37 per share

Miscellaneous

Free Float
153,372,000
Market Cap
$19.70 billion
Optionable
Optionable
Beta
0.91

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Key Executives

  • Mr. Clifton Albert Pemble (Age 57)
    Pres, CEO & Director
    Comp: $1.26M
  • Mr. Douglas Gerard BoessenMr. Douglas Gerard Boessen (Age 60)
    CFO & Treasurer
    Comp: $730.6k
  • Mr. Andrew R. Etkind (Age 67)
    VP, Gen. Counsel & Sec.
    Comp: $1.13M
  • Mr. Philip I. StraubMr. Philip I. Straub
    Exec. VP & MD of Aviation - Garmin International, Inc
  • Mr. Patrick G. DesboisMr. Patrick G. Desbois
    Exec. VP of Operations - Garmin International, Inc.
  • Dr. Min-Hwan Kao Ph.D. (Age 74)
    Co-Founder & Exec. Chairman
  • Ms. Teri Seck
    Mang. of Investor Relations
  • Mr. Ted Gartner
    Director of Corp. Communications













GRMN Stock - Frequently Asked Questions

Should I buy or sell Garmin stock right now?

6 Wall Street equities 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 equities research analysts is that investors should "moderate 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 $103.00 to $165.00. On average, they expect the company's share price to reach $123.20 in the next year. This suggests a possible upside of 19.7% 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 11.5% and is now trading at $102.90.
View the best growth stocks for 2023 here
.

Are investors shorting Garmin?

Garmin saw a increase in short interest in the month of 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 volume of 746,800 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.2% of the shares of the stock 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, October 25th 2023.
View our GRMN earnings forecast
.

How were Garmin's earnings last quarter?

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

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

Garmin declared a quarterly dividend on Friday, June 16th. Investors of record on Friday, March 15th will be given 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 2.84%. The ex-dividend date of this dividend is Thursday, March 14th.
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 2.77%. 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.

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

Garmin issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $5.15-$5.15 for the period, compared to the consensus 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.

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.14%), Artisan Partners Limited Partnership (3.70%), State Street Corp (3.27%), Geode Capital Management LLC (1.83%), Bank of New York Mellon Corp (1.05%) and Dimensional Fund Advisors LP (0.86%). Insiders that own company stock include Cheng-Wei Wang, Clifton A Pemble, Clifton A Pemble, Douglas G Boessen, 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 $102.90.

How much money does Garmin make?

Garmin (NYSE:GRMN) has a market capitalization of $19.70 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.

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 9/27/2023 by MarketBeat.com Staff

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