Garmin Ltd. (GRMN)
Market Cap | 32.76B |
Revenue (ttm) | 5.46B |
Net Income (ttm) | 1.36B |
Shares Out | 192.08M |
EPS (ttm) | 7.08 |
PE Ratio | 24.09 |
Forward PE | 29.93 |
Dividend | $3.00 (1.76%) |
Ex-Dividend Date | Mar 14, 2025 |
Volume | 545,156 |
Open | 170.27 |
Previous Close | 169.91 |
Day's Range | 170.11 - 171.10 |
52-Week Range | 99.61 - 171.10 |
Beta | 1.00 |
Analysts | Hold |
Price Target | 149.44 (-12.38%) |
Earnings Date | May 1, 2024 |
About GRMN
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure ... [Read more]
Financial Performance
In 2023, Garmin's revenue was $5.23 billion, an increase of 7.57% compared to the previous year's $4.86 billion. Earnings were $1.29 billion, an increase of 32.46%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for GRMN stock is "Hold." The 12-month stock price forecast is $149.44, which is a decrease of -12.38% from the latest price.
News
Garmin Collaborates with Vuzix to Develop Next Generation Nano-Imprinted Waveguide with microLED based Display Systems
ROCHESTER, N.Y. , May 14, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, i...
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Global call for entries announced for 2024 Garmin Health Awards
Fourth annual awards program recognizes the world's most innovative solutions that successfully integrate Garmin wearable technology into health and wellness programs OLATHE, Kan. , May 7, 2024 /PRNew...
Garmin earns best supplier recognition from Embraer for 9th consecutive year
Annual awards program recognizes excellence among aerospace suppliers OLATHE, Kan. , May 7, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced it received a Best Supplier award for the ninth con...
Garmin Earnings Crush Estimates, and the Stock Is Soaring
Net sales of $1.38 billion in the period were above the consensus call for $1.25 billion.
Garmin's stock soars toward best day in four years as fitness-tracker sales boom
Garmin Ltd.'s stock soared12% Wednesday to put it on track for its biggest one-day gain in more than four years, after the maker of navigation devices and fitness trackers swept past earnings estimate...
Garmin's Q1 results beat on strong demand for fitness, auto products
Swiss navigation device maker Garmin topped Wall Street expectations for first-quarter results on Wednesday, benefiting from new launches and strong demand for its products in fitness and auto segment...
Garmin announces first quarter 2024 results
Company reports record first quarter revenue and operating income SCHAFFHAUSEN, Switzerland , May 1, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the first quarter ended...
Garmin expands avionics database solutions for Europe
Navigation database developed by Garmin brings new cost-effective choices for European customers OLATHE, Kan. , April 15, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced expanded coverage of ...
Garmin announces General Counsel transition
Josh Maxfield to assume General Counsel role from retiring Garmin veteran Andrew Etkind SCHAFFHAUSEN, Switzerland , April 8, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN), announced today that Garmin ...
Garmin Ltd. schedules first quarter 2024 earnings call
SCHAFFHAUSEN, Switzerland , March 27, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its first quarter 2024 earnings conference call on Wednesday, May 1,...
Garmin pro Justin Hamner wins the 2024 Bassmaster Classic championship
Win marks fourth Bassmaster Classic victory with Garmin LiveScope in the last five years OLATHE, Kan. , March 26, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized m...
Garmin unveils complete avionics modernization program for Cessna Citation CJ2
STC will bring advanced capabilities to the CJ2 cockpit, including safety-enhancing and connected aircraft management technologies OLATHE, Kan. , March 19, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) tod...
Garmin receives 2024 IBBI Supplier of the Year Award
Boat builder group honors Garmin marine for outstanding service and support OLATHE, Kan. , March 12, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine electro...
Garmin brings StormOptix Weather Radar compatibility to thousands more displays
Auto Mode-capable GWX 8000 soon to be certified using GTN Xi navigators or TXi flight displays as the primary indicator OLATHE, Kan. , March 12, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announce...
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Garmin releases annual inReach SOS Report
Report offers key insights and information into SOS trends from around the world OLATHE, Kan. , Feb. 29, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today released its 2023 inReach® SOS Report , highligh...
Garmin forecasts strong 2024 revenue, beats quarterly estimates
Navigation device maker Garmin , beat fourth-quarter earnings expectations and forecast full-year revenue above estimates on Wednesday, betting on strong growth in its auto and fitness businesses.
Garmin's Proposed Dividend Increase Is Just One Reason Why the Stock Is Rising
Garmin expects fiscal 2024 revenue of $5.75 billion, higher than analysts' estimates.
Garmin announces fourth quarter and fiscal year 2023 results
Company reports record full year revenue, proposes dividend increase, and announces share repurchase program SCHAFFHAUSEN, Switzerland , Feb. 21, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today...
Garmin adds IFR and 4-axis capability to GFC 600H helicopter flight control system
Modern flight control system supports IFR flying with Stability Augmentation System OLATHE, Kan. , Feb. 20, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the GFC™ 600H Helicopter Flight Con...
Garmin earns No. 2 on Forbes 2024 America's Best Large Employers list
D edicated associates are the driving force behind 35 years of award-winning innovation OLATHE, Kan. , Feb. 19, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) has been awarded the No.
Garmin expands GPSMAP x3 series with new 16-inch chartplotter
GPSMAP 16x3 adds larger touchscreen option for greater clarity, connectivity and control at the helm OLATHE, Kan. , Feb. 13, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and ...
Garmin continues to change the game with the new Panoptix PS70 live sonar for deep-sea fishing
New Garmin RapidReturn sonar is the first to deliver live images up to 1,000' below the surface OLATHE, Kan. , Feb. 13, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recogn...