Financial PerformanceGRMN's strong balance sheet and cash flow enable growth through ongoing investment in new product development and strategic acquisitions, enhancing shareholder returns through dividend increases and share repurchases.
Innovation And Product DevelopmentGRMN's competitive advantage is driven by its ongoing cadence of new product introductions with product enhancements and new applications.
Market PositionGRMN is well-positioned to benefit from strong holiday sales of its smartwatches and fitness devices and has announced several innovation award wins at the upcoming CES 2025.
Bears Say
Financial PerformanceRevenue and earnings per share estimates are below market expectations, leading to a more cautious outlook.
Growth And MarginsTopline growth is expected to be cut in half due to tough year-over-year comparisons, product launch timing, and specific end-market headwinds.
ValuationGarmin is trading nearly 2 standard deviations above its trailing 5-year average valuation, suggesting a potential de-rating.
What was Garmin’s price range in the past 12 months?
Garmin lowest stock price was $119.15 and its highest was $222.97 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 Feb 19, 2025 which is in 59 days.
How were Garmin’s earnings last quarter?
Garmin released its earnings results on Oct 30, 2024. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.445 by $0.545.
Garmin pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.44%. See more information on Garmin dividends here
What is Garmin’s EPS estimate?
Garmin’s EPS estimate is $1.98.
How many shares outstanding does Garmin have?
Garmin has 192,024,960 shares outstanding.
What happened to Garmin’s price movement after its last earnings report?
Garmin reported an EPS of $1.99 in its last earnings report, beating expectations of $1.445. Following the earnings report the stock price went up 23.248%.
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 8M.
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
Q3 2024
1.0x
0:00 / 0:00
Earnings Call Sentiment|Positive
Garmin delivered strong financial results with record-breaking revenue and robust growth across all segments. Significant improvements in margins and market share gains, particularly in wearables, highlight the company's strong positioning. However, challenges in the Aviation segment and a softer outlook for Auto OEMs present some concerns. Overall, the positive aspects significantly outweigh the negatives.Read More>
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