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Garmin (GRMN)
NYSE:GRMN
Holding GRMN?
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GRMN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$99.61 - $184.42
Previous Close$166.52
Volume740.98K
Average Volume (3M)789.10K
Market Cap
$32.01B
Enterprise Value$29.88B
Total Cash (Recent Filing)$2.23B
Total Debt (Recent Filing)$102.17M
Price to Earnings (P/E)23.3
Beta0.95
Next Earnings
Oct 30, 2024EPS Estimate
$1.44Next Dividend Ex-Date
Mar 14, 2025Dividend Yield1.77%
Share Statistics
EPS (TTM)7.15
Shares Outstanding192,213,829
10 Day Avg. Volume699,144
30 Day Avg. Volume789,097
Standard Deviation0.07
R-Squared0.48
Alpha0.00466
Financial Highlights & Ratios
Price to Book (P/B)4.57
Price to Sales (P/S)5.69
Price to Cash Flow (P/CF)31.50
P/FCF Ratio36.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.29
Enterprise Value/Gross Profit9.94
Enterprise Value/Ebitda20.03
Forecast
1Y Price Target
$159.25Price Target Upside-4.97% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering6
Garmin News
PremiumThe Fly
Garmin falls -6.0%
PremiumThe Fly
Garmin falls -4.9%
Bulls Say, Bears Say
Bulls Say
Financial PerformanceGRMN shares have climbed ~40% supported by multiple drivers including strong execution, robust cash generation and impressive earnings results over the most recent quarters.
Growth StrategyGarmin stands apart from peers in raising their guidance and feeling confident on the growth ahead driven by new product launches.
Product DevelopmentGRMN continues its cadence of new introductions, including its new Enduro 3 and fēnix 8 premium multifunction smartwatches, along with multiple new aviation and Marine products.
Bears Say
Growth And Margin CompressionGrowth deceleration and margin compression are expected to drive de-rating from near all-time high valuations.
Revenue And Earnings OutlookRevenue and earnings per share estimates are below market expectations, leading to a more cautious outlook.
Valuation ConcernsGarmin is trading nearly 2 standard deviations above its trailing 5-year average valuation, suggesting a potential de-rating.
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Ownership Overview
19.40% Insiders
17.78% Mutual Funds
0.96% Other Institutional Investors
41.60% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Garmin
Desktop Users
Mobile Users
GRMN FAQ
What was Garmin’s price range in the past 12 months?
Garmin lowest stock price was $99.61 and its highest was $184.42 in the past 12 months.
What is Garmin’s market cap?
Currently, no data Available
When is Garmin’s upcoming earnings report date?
Garmin’s upcoming earnings report date is Oct 30, 2024 which is in 11 days.
How were Garmin’s earnings last quarter?
Garmin released its earnings results on Jul 31, 2024. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.465 by $0.115.
Is Garmin overvalued?
According to Wall Street analysts Garmin’s price is currently Overvalued.
Does Garmin pay dividends?
Garmin pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.77%. See more information on Garmin dividends here
What is Garmin’s EPS estimate?
Garmin’s EPS estimate is $1.44.
How many shares outstanding does Garmin have?
Garmin has 192,213,820 shares outstanding.
What happened to Garmin’s price movement after its last earnings report?
Garmin reported an EPS of $1.58 in its last earnings report, beating expectations of $1.465. Following the earnings report the stock price went down -4.507%.
Which hedge fund is a major shareholder of Garmin?
Among the largest hedge funds holding Garmin’s share is Bridgewater Associates, LP. It holds Garmin’s shares valued at 16M.
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Garmin Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Sell
Average Price Target:
$159.25 (-4.97% Downside)
$159.25 (-4.97% Downside)
Blogger Sentiment
Bullish
GRMN Sentiment 85%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 95.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $499.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 3.9%
Last 30 Days ▲ 3.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
58.94%
12-Months-Change
Fundamentals
Return on Equity
20.96%
Trailing 12-Months
Asset Growth
12.85%
Trailing 12-Months
Company Description
Garmin
Switzerland-based Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.
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GRMN Company Deck
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GRMN Earnings Call
Q2 2024
0:00 / 0:00
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GRMN Net sales Breakdown
32.46% Outdoor
25.72% Fitness
17.54% Marine
16.19% Aviation
8.09% Auto OEM
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GRMN Stock 12 Month Forecast
Average Price Target
$159.25
▼(-4.97% Downside)
Technical Analysis
Best Analysts Covering GRMN
1 Year
1 Year Success Rate
11/19 ratings generated profit
1 Year Average Return
+11.14%
reiterated a buy rating last month
Copying Ivan Feinseth's trades and holding each position for 1 Year would result in 57.89% of your transactions generating a profit, with an average return of +11.14% per trade.
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