Garmin Ltd. (GRMN)

NYSE: GRMN · Real-Time Price · USD
208.99
+3.57 (1.74%)
Dec 20, 2024, 4:00 PM EST - Market closed
1.74%
Market Cap 40.13B
Revenue (ttm) 5.96B
Net Income (ttm) 1.52B
Shares Out 192.02M
EPS (ttm) 7.86
PE Ratio 26.58
Forward PE 28.59
Dividend $3.00 (1.44%)
Ex-Dividend Date Mar 14, 2025
Volume 712,660
Open 205.42
Previous Close 205.42
Day's Range 203.69 - 210.04
52-Week Range 119.15 - 222.97
Beta 0.99
Analysts Hold
Price Target 170.50 (-18.42%)
Earnings Date Feb 19, 2025

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 6 analysts, the average rating for GRMN stock is "Hold." The 12-month stock price forecast is $170.5, which is a decrease of -18.42% from the latest price.

Price Target
$170.5
(-18.42% downside)
Analyst Consensus: Hold
Stock Forecasts

News

The year in review: Garmin releases 2024 Garmin Connect Data Report

Insights from Garmin users worldwide provide a look at key health and fitness trends OLATHE, Kan. , Dec. 12, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today released its 2024 Garmin Connect™ Data Repor...

9 days ago - PRNewsWire

Holiday Momentum Pushes Retail, Leisure Stocks Past S&P 500 – Tesla, Garmin, Tapestry Stand Out

As the holiday shopping season begins to ramp up, the Consumer Discretionary sector is making waves. It is outperforming the broader S&P 500 Index.

Other symbols: TPRTSLA
18 days ago - Benzinga

Garmin's Q3 Was Striking, But So Is The Valuation

Garmin Ltd.'s Q3 results showed incredibly strong revenue and earnings growth from most segments. The company managed to gain market share in wearables during weak consumer confidence, driven by Garmi...

4 weeks ago - Seeking Alpha

Garmin's revolutionary Runway Occupancy Awareness technology honored with prestigious Laureate Award

For 67 years, Aviation Week Network's annual Laureate Awards have recognized  extraordinary innovations and achievements in the aviation industry OLATHE, Kan. , Nov. 20, 2024 /PRNewswire/ -- Garmin (N...

4 weeks ago - PRNewsWire

Garmin introduces its first large-format dive computer: Descent X50i

Wrist-based dive computer features a vibrant 3" color touchscreen display, backup dive light, air integration, diver-to-diver messaging and more OLATHE, Kan. , Nov. 19, 2024 /PRNewswire/ -- Garmin (NY...

4 weeks ago - PRNewsWire

Garmin announces industry accolades for JL Audio home speaker lineup

Pavilion outdoor speaker series honored with  a Product Innovation Award from Home Technology Specialists of America OLATHE, Kan. , Nov. 13, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) is proud to announ...

5 weeks ago - PRNewsWire

Meet the Garmin Approach R50, the only portable golf launch monitor with a built-in simulator

New launch monitor with color touchscreen and three high-speed cameras offers more accurate club and ball measurements so golfers can tee up for a full round, rain or shine OLATHE, Kan. , Nov. 12, 202...

5 weeks ago - PRNewsWire

Garmin Soars on Earnings Strength, Improved Guidance

Garmin Ltd. (GRMN) keeps riding a wave of strong financial performance and demand.

6 weeks ago - FXEmpire

Find your next adventure with the rugged Tread 2 powersports navigator from Garmin

Powerful off-road device handles all terrains, boasts a high-resolution display and advanced navigation tools to help you explore with confidence OLATHE, Kan. , Nov. 5, 2024 /PRNewswire/ -- Garmin (NY...

6 weeks ago - PRNewsWire

Garmin Stock Flies Higher After Company Beats Estimates, Boosts Outlook

Shares of Garmin (GRMN) skyrocketed Wednesday, touching record highs, as the navigation and communication equipment maker easily beat profit and sales estimates and offered investors a positive outloo...

7 weeks ago - Investopedia

Garmin Ltd. (GRMN) Q3 2024 Earnings Call Transcript

Garmin Ltd. (NYSE:GRMN) Q3 2024 Results Conference Call October 30, 2024 10:30 AM ET Company Participants Teri Seck - Manager, IR Cliff Pemble - President, CEO & Director Doug Boessen - CFO & Treasur...

7 weeks ago - Seeking Alpha

Garmin Is Today's Top S&P 500 Stock. Outlook Is Raised Ahead of ‘Important Holiday Selling Season.

The navigation device maker easily beats quarterly earnings and revenue estimates.

7 weeks ago - Barrons

Garmin raises full-year guidance, results beat amid unabated demand

Garmin raised its full-year profit and revenue forecasts on Wednesday, expecting a slew of launches of wearable products ahead of the holiday season to drive demand further, sending the company's shar...

7 weeks ago - Reuters

Garmin announces third quarter 2024 results

Company reports record third quarter consolidated revenue and operating income, and raises full year guidance SCHAFFHAUSEN, Switzerland , Oct. 30, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today...

7 weeks ago - PRNewsWire

Garmin unveils its new, industry-leading integrated flight deck: G3000 PRIME

G3000 PRIME is the most connected, customizable, automated and safety-enhancing Garmin flight deck yet OLATHE, Kan. , Oct. 16, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today introduced G3000® PRIME, i...

2 months ago - PRNewsWire

Garmin wins fourth National Boating Safety Award

Sea Tow Foundation honors Garmin's outstanding commitment to boating safety through product innovation and promotion efforts OLATHE, Kan. , Oct. 15, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world...

2 months ago - PRNewsWire

Garmin named Most Innovative Marine Company for second consecutive year

Annual awards program by Soundings Trade Only recognizes companies shaping the future of the marine industry  OLATHE, Kan. , Oct. 8, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) is proud to announce it ha...

2 months ago - PRNewsWire

Top 50 High Quality Dividend Stocks - September 2024 Results

I track 50 high-quality dividend stocks, updating their valuations daily to identify Strong Buy, Buy, Hold, and Trim opportunities based on historical free cash flow trends. September's performance: S...

2 months ago - Seeking Alpha

Garmin Ltd. schedules third quarter 2024 earnings call

SCHAFFHAUSEN, Switzerland , Oct. 2, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its third quarter 2024 earnings conference call on Wednesday, October ...

2 months ago - PRNewsWire

Garmin unveils Lily 2 Active - small, stylish smartwatches with built-in GPS

Fashionable smartwatches are packed with essential health,  fitness and connectivity features to help you look and feel good 24/7 OLATHE, Kan. , Oct. 2, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today ...

2 months ago - PRNewsWire

Garmin unveils new Fusion Apollo Marine Speakers and Subwoofers, the perfect combination of style and substance

Premium series delivers high-fidelity audio, new aesthetics, improved lighting and more OLATHE, Kan. , Oct. 1, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized mari...

2 months ago - PRNewsWire

Garmin recognizes innovative digital health solutions and celebrates 10th anniversary during 2024 Garmin Health Summit

Annual event highlights big research milestone and further advances benefits of smartwatch-enabled research OLATHE, Kan. , Sept. 26, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced the winner...

3 months ago - PRNewsWire

Pet Wearable Global Market Report 2024-2028, Featuring Profiles of Barking Labs, Dogtra, FitBark, Garmin, Loc8tor, PetPace, Scollar, Smart Tracking Technologies, Tractive, Wagz and More

Dublin, Sept. 24, 2024 (GLOBE NEWSWIRE) -- The "Global Pet Wearable Market 2024-2028" report has been added to ResearchAndMarkets.com's offering. The pet wearable market is forecasted to grow by USD 3...

3 months ago - GlobeNewsWire

Garmin named 2024 Manufacturer of the Year by NMEA for 10 consecutive years

Over the last decade, Garmin has amassed 63 prestigious NMEA honors  for product, service and support excellence in the marine industry OLATHE, Kan. , Sept. 24, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN...

3 months ago - PRNewsWire

Garmin: Solid Dividend Stock, But Margin Headwinds And Downside Risks Raise Concern

Garmin has performed well, up 62% in the past year, but faces margin pressure due to higher interest rates and a cost-conscious consumer. Despite headwinds, Garmin's revenue grew double-digits, and EP...

3 months ago - Seeking Alpha