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Garmin (GRMN)
NYSE:GRMN
Garmin (GRMN) Stock Price & Analysis
1,269 Followers
GRMN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$98.09 - $175.01
Previous Close$171.08
Volume467.21K
Average Volume (3M)735.47K
Market Cap
$32.70B
Enterprise Value$31.01B
Total Cash (Recent Filing)$1.97B
Total Debt (Recent Filing)$113.03M
Price to Earnings (P/E)24.1
Beta0.99
Next Earnings
Jul 31, 2024EPS Estimate
$1.43Next Dividend Ex-Date
Mar 14, 2025Dividend Yield1.7%
Share Statistics
EPS (TTM)7.09
Shares Outstanding192,077,718
10 Day Avg. Volume653,956
30 Day Avg. Volume735,468
Standard Deviation0.07
R-Squared0.49
Alpha0.00549
Financial Highlights & Ratios
Price to Book (P/B)4.99
Price to Sales (P/S)20.92
Price to Cash Flow (P/CF)16.60
P/FCF Ratio18.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.93
Enterprise Value/Gross Profit10.32
Enterprise Value/Ebitda23.50
Forecast
1Y Price Target
$175.25Price Target Upside2.93% Upside
Rating ConsensusHold
Number of Analyst Covering5
Garmin News
PremiumCompany Announcements
Garmin Announces New Co-COOs and Executive Compensation Details
PremiumCompany Announcements
Garmin Shareholders Approve Dividends and Board Elections
Bulls Say, Bears Say
Bulls Say
Financial PerformanceGarmin reported another solid earnings beat with revenue and operating margins tracking higher than expectations across most segments.
Product InnovationNew product introductions, combined with growing opportunities in Fitness and Outdoors, and strong growth in Auto OEM will continue to drive accelerating Business Performance trends.
Shareholder ValueGRMN’s strong balance sheet and cash flow enable it to drive growth through ongoing investment in new product development and strategic acquisitions and further enhance shareholder returns through dividend increases and share repurchases.
Bears Say
Consumer SpendingConsumers anticipate spending less on vehicles, electronics, and apparel, which could deter incremental buyers of Garmin products.
MarginsThe rapidly growing Auto contribution to total revenues will pose a headwind to company margins.
ValuationThe current valuation is unsustainable, leading to a downgrade from Neutral to Underperform.
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Ownership Overview
Currently, No data available
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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 $98.08 and its highest was $175.01 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 Jul 31, 2024 which is in 10 days.
How were Garmin’s earnings last quarter?
Garmin released its earnings results on May 01, 2024. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.014 by $0.406.
Is Garmin overvalued?
According to Wall Street analysts Garmin’s price is currently Undervalued.
Does Garmin pay dividends?
Garmin pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.7%. See more information on Garmin dividends here
What is Garmin’s EPS estimate?
Garmin’s EPS estimate is $1.43.
How many shares outstanding does Garmin have?
Garmin has 192,077,710 shares outstanding.
What happened to Garmin’s price movement after its last earnings report?
Garmin reported an EPS of $1.42 in its last earnings report, beating expectations of $1.014. Following the earnings report the stock price went up 13.116%.
Which hedge fund is a major shareholder of Garmin?
Among the largest hedge funds holding Garmin’s share is Gotham Asset Management LLC. It holds Garmin’s shares valued at 7M.
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Garmin Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$175.25 (2.93% Upside)
$175.25 (2.93% Upside)
Blogger Sentiment
Bullish
GRMN Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 39.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.6%
Last 30 Days ▲ 4.6%
Last 30 Days ▲ 4.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
62.80%
12-Months-Change
Fundamentals
Return on Equity
19.97%
Trailing 12-Months
Asset Growth
11.75%
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
Q1 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
$175.25
▲(2.93% Upside)
Technical Analysis
Best Analysts Covering GRMN
1 Year
1 Year Success Rate
13/19 ratings generated profit
1 Year Average Return
+14.71%
reiterated a buy rating 2 months ago
Copying Ivan Feinseth's trades and holding each position for 1 Year would result in 68.42% of your transactions generating a profit, with an average return of +14.71% per trade.
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