Garmin Ltd. (GRMN)
Market Cap | 23.76B |
Revenue (ttm) | 5.05B |
Net Income (ttm) | 1.04B |
Shares Out | 191.33M |
EPS (ttm) | 5.41 |
PE Ratio | 22.95 |
Forward PE | 22.44 |
Dividend | $2.92 (2.35%) |
Ex-Dividend Date | Mar 14, 2024 |
Volume | 713,024 |
Open | 123.77 |
Previous Close | 124.18 |
Day's Range | 123.25 - 124.63 |
52-Week Range | 89.25 - 124.63 |
Beta | 0.97 |
Analysts | Hold |
Price Target | 119.86 (-3.48%) |
Earnings Date | Nov 1, 2023 |
About GRMN
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure ... [Read more]
Financial Performance
In 2022, Garmin's revenue was $4.86 billion, a decrease of -2.46% compared to the previous year's $4.98 billion. Earnings were $973.59 million, a decrease of -10.04%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for GRMN stock is "Hold." The 12-month stock price forecast is $119.86, which is a decrease of -3.48% from the latest price.
News

Never run out of power with the all-new eTrex Solar from Garmin
Garmin's first solar-charging handheld GPS can provide infinite battery life, wireless connectivity and more to let you explore longer OLATHE, Kan. , Nov. 16, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) ...

Garmin introduces premium quatix 7 Pro marine smartwatch
Newest GPS watch for mariners includes an AMOLED display, built-in LED flashlight and up to 16 days of battery life OLATHE, Kan. , Nov. 15, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most i...

Garmin's new Descent Mk3 series dive computers have 200-meter dive ratings, bright AMOLED displays and options with a built-in flashlight
Pair Descent Mk3i with the new Descent T2 transceiver for diver communication, Diver Assistance and tank pressure monitoring OLATHE, Kan. , Nov. 14, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today anno...

Garmin unveils the Descent G1 Solar - Ocean Edition dive computer, its first-ever product made with recycled ocean-bound plastics
All-in-one dive computer and smartwatch is powered by the sun and includes parts made from recycled plastics that were once destined for the ocean OLATHE, Kan. , Nov. 14, 2023 /PRNewswire/ -- Garmin (...

2023 Garmin Health Summit celebrates smartwatch-enabled digital health solutions
Fifth annual event recognizes innovative wellness solutions, highlights Polaris Dawn's smartwatch research collaboration and debuts powerful new biometrics exclusively for Garmin Health customers OLAT...

Garmin raises holiday period sales forecast, beats quarterly estimates
Navigation equipment maker Garmin Ltd raised its annual sales forecast for the crucial holiday shopping period as strength in its auto and fitness businesses helped it beat third-quarter revenue estim...

Garmin announces third quarter 2023 results
Company reports double-digit third quarter revenue and operating income growth SCHAFFHAUSEN, Switzerland , Nov. 1, 2023 /PRNewswire/ -- Garmin® Ltd. (NYSE: GRMN), today announced results for the third...

Garmin selects AMIT International as exclusive distributor for India
Expanded strategic relationship will bring innovative Garmin fitness, outdoor and automotive products to customers in rapidly growing country for the first time OLATHE, Kan. , Oct. 30, 2023 /PRNewswir...

Garmin Fast Track to Tech program offers high school students a viable alternative to college
Virtual informational sessions on Oct. 26 aim to help teens jumpstart careers in tech OLATHE, Kan. , Oct. 25, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) is excited to introduce Fast Track to Tech, an in...

Garmin introduces next-gen ECHOMAP Ultra 2 series
New chartplotters offer premium sonar and mapping, wireless networking and more OLATHE, Kan. , Oct. 24, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine elec...

Take sportfishing to extreme depths with the new GSD 28 from Garmin
Powered by RapidReturn sonar with next-gen xCHIRP technology, the GSD 28 provides Garmin's clearest and most detailed fish arch returns OLATHE, Kan. , Oct. 24, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN...

Light the way with the new D2 Mach 1 Pro aviator smartwatch from Garmin
Most capable D2 smartwatch yet includes full suite of aviation features, longer battery life and flashlight OLATHE, Kan. , Oct. 24, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced its latest ...

Garmin co-founders selected to join National Aviation Hall of Fame
Dr. Min Kao and the late Gary Burrell will be recognized for contributions and excellence in aviation and aeronautics OLATHE, Kan. , Oct. 19, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced t...

Garmin expands ECG App to additional smartwatches, including its flagship epix Pro and fēnix 7 Pro series
FDA-cleared and clinically-validated app lets even more Garmin customers record an ECG and check for signs of atrial fibrillation right from their smartwatch OLATHE, Kan. , Oct. 17, 2023 /PRNewswire/ ...

Textron Aviation adds cutting-edge Garmin Autothrottle system to the Cessna Citation M2 Gen2
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced that its renowned Cessna Citation M2 Gen2 will include Garmin Autothrottles.

Garmin unveils the MARQ Carbon collection: Modern tool watches crafted from uniquely engineered carbon fiber
Stronger and lighter than ever before, the new collection is the pinnacle of premium materials, luxury and performance OLATHE, Kan. , Oct. 12, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced ...

Garmin GPSMAP 9227 wins IBEX Innovation Award
Award honors ingenuity and outstanding product development in the recreational boating industry OLATHE, Kan. , Oct. 10, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recogn...

Garmin recognized as the 2023 Most Innovative Marine Company
Leading trade publication honors companies shaping the future of the marine industry OLATHE, Kan. , Oct. 9, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's most innovative and recognized marine ...

Garmin Ltd. schedules third quarter 2023 earnings call
SCHAFFHAUSEN, Switzerland , Oct. 4, 2023 /PRNewswire/ -- Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its third quarter 2023 earnings conference call on Wednesday, November...

Garmin integrated flight deck selected by BETA Technologies for its all-electric aircraft
OLATHE, Kan. , Oct. 3, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced a long-term agreement to provide the state-of-the-art Garmin G3000® integrated flight deck to BETA Technologies for its...

Neptune Aviation to Offer Garmin Avionics Conversion Services
Decades of Experience and Full Range of Services Ensure Compliance, Safety and Can Minimize Aircraft Downtime Missoula, Montana--(Newsfile Corp. - October 2, 2023) - Neptune Aviation, a leader in aeri...

Garmin achieves top spot in Avionics Product Support Survey for 20th consecutive year
Based on direct responses from aircraft owners and operators around the world, annual ranking recognizes Garmin for overall excellence in supporting customers OLATHE, Kan. , Sept. 27, 2023 /PRNewswire...

Garmin announces G5000 integrated flight deck retrofit coming soon for Cessna Citation XLS+ and XLS Gen2 aircraft
Certification will expand the successful G5000 upgrade program for Citation Excel and Citation XLS OLATHE, Kan. , Sept. 26, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced it will expand its ...

Garmin named 2023 Manufacturer of the Year by the National Marine Electronics Association
For nine years running, Garmin earns top NMEA honors and adds five Product of Excellence Awards to its winning streak OLATHE, Kan. , Sept. 26, 2023 /PRNewswire/ -- Garmin (NYSE: GRMN), the world's mos...