Garmin Ltd. (GRMN)

NYSE: GRMN · IEX Real-Time Price · USD
161.49
+0.39 (0.24%)
At close: Jul 2, 2024, 4:00 PM
161.48
-0.01 (-0.01%)
After-hours: Jul 2, 2024, 7:54 PM EDT
0.24%
Market Cap 31.02B
Revenue (ttm) 5.46B
Net Income (ttm) 1.36B
Shares Out 192.08M
EPS (ttm) 7.08
PE Ratio 22.81
Forward PE 27.38
Dividend $3.00 (1.86%)
Ex-Dividend Date Mar 14, 2025
Volume 416,440
Open 160.73
Previous Close 161.10
Day's Range 160.29 - 161.97
52-Week Range 99.61 - 171.64
Beta 0.99
Analysts Hold
Price Target 147.78 (-8.49%)
Earnings Date Jul 31, 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 $147.78, which is a decrease of -8.49% from the latest price.

Price Target
$147.78
(-8.49% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Garmin selected as exclusive marine electronics and audio supplier to IBBI through 2029

Long-term agreement includes Garmin, JL Audio, Fusion and Clarion Marine products OLATHE, Kan. , July 2, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine ele...

16 hours ago - PRNewsWire

Garmin Ltd. schedules second quarter 2024 earnings call

SCHAFFHAUSEN, Switzerland , June 26, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its second quarter 2024 earnings conference call on Wednesday, July 3...

6 days ago - PRNewsWire

Garmin unveils the Approach Z30 smart laser range finder with unparalleled integration to the Garmin golf lineup

Easy-to-use device relays ranged distances to smartwatches and the Garmin Golf app, and provides more on-course features to help elevate your game OLATHE, Kan. , June 26, 2024 /PRNewswire/ -- Garmin (...

6 days ago - PRNewsWire

Garmin announces 2024 Garmin Health Awards finalists

Fourth annual awards program recognizes the world's most innovative solutions that successfully integrate Garmin wearable technology into health and wellness programs OLATHE, Kan. , June 25, 2024 /PRN...

7 days ago - PRNewsWire

Garmin unveils its brightest and smartest cycling computer ever: the Edge 1050

Premium cycling computer adds a vivid color display, enhanced group ride features,  built-in speaker and more—all without sacrificing battery life OLATHE, Kan. , June 25, 2024 /PRNewswire/ -- Garmin (...

7 days ago - PRNewsWire

Garmin expands its executive leadership team

Patrick Desbois and Brad Trenkle appointed as co-Chief Operating Officers SCHAFFHAUSEN, Switzerland , June 24, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN), announced today that Patrick Desbois and B...

8 days ago - PRNewsWire

Garmin shareholders approve quarterly dividend through March 2025

Company announces record date and payment date for June 2024 dividend installment SCHAFFHAUSEN, Switzerland , June 7, 2024 /PRNewswire/ -- At Garmin Ltd.'s annual shareholders' meeting held today, app...

25 days ago - PRNewsWire

Garmin celebrates Global Running Day with a look at the positive health benefits of running

Smartwatch data from Garmin users around the world indicates the more people run, the more their health improves OLATHE, Kan. , June 5, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) is celebrating Global R...

27 days ago - PRNewsWire

Garmin's stock on track for biggest one-day decline in almost two years after BofA downgrade to sell

Garmin Ltd.'s stock fell 4.9% Wednesday to put it on track for its biggest percentage decline in almost two years after BofA analysts downgraded the stock to the equivalent of sell.

5 weeks ago - Market Watch

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
7 weeks 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
7 weeks 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
2 months 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...

2 months 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...

2 months 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.

2 months 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...

2 months 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...

2 months 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...

2 months 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 ...

2 months 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 ...

3 months 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,...

3 months 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...

3 months 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...

3 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...

4 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...

4 months ago - PRNewsWire