Garmin Ltd. (GRMN)

NYSE: GRMN · IEX Real-Time Price · USD
170.55
+0.64 (0.38%)
May 15, 2024, 4:00 PM EDT - Market closed
0.38%
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]

Sector Technology
IPO Date Dec 12, 2000
Employees 19,900
Stock Exchange NYSE
Ticker Symbol GRMN
Full Company Profile

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 Statements

Analyst 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.

Price Target
$149.44
(-12.38% downside)
Analyst Consensus: Hold
Stock Forecasts

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...

Other symbols: VUZI
1 day ago - PRNewsWire

Behind America's divided economy: Booming luxury travel and a jump in 'relief' loans

Consumers are acting vastly different depending on income level.

Other symbols: AXPTSNUPST
5 days ago - CNBC

Final Trades: Amazon, Google, Avalonbay and Garmin

The Investment Committee gives you their top stocks to watch for the second half.

Other symbols: AMZNAVBGOOGGOOGL
8 days ago - CNBC Television

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...

8 days ago - PRNewsWire

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...

8 days ago - PRNewsWire

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.

14 days ago - Barrons

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...

14 days ago - Market Watch

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...

14 days ago - Reuters

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...

14 days ago - PRNewsWire

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 ...

4 weeks ago - PRNewsWire

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 ...

5 weeks ago - PRNewsWire

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,...

7 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

Top Wall Street analysts recommend these 3 dividend stocks

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Target and Garmin

Other symbols: ETTGT
2 months ago - CNBC

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...

2 months ago - PRNewsWire

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.

3 months ago - Reuters

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.

3 months ago - Barrons

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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.

3 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire