Garmin Ltd. (GRMN)

NYSE: GRMN · IEX Real-Time Price · USD
98.55
+0.95 (0.97%)
Aug 8, 2022 4:03 PM EDT - Market closed
0.97%
Market Cap 19.01B
Revenue (ttm) 5.00B
Net Income (ttm) 1.01B
Shares Out 192.86M
EPS (ttm) 5.26
PE Ratio 18.74
Forward PE 19.96
Dividend $2.74 (2.78%)
Ex-Dividend Date Jun 16, 2022
Volume 537,842
Open 98.31
Previous Close 97.60
Day's Range 97.77 - 100.41
52-Week Range 92.31 - 178.81
Beta 0.96
Analysts Buy
Price Target 118.52 (+20.3%)
Earnings Date Jul 27, 2022

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; and 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 advent... [Read more...]

Industry Household Durables
IPO Date Dec 12, 2000
CEO Clifton Pemble
Employees 18,700
Stock Exchange NYSE
Ticker Symbol GRMN
Full Company Profile

Financial Performance

In 2021, Garmin's revenue was $4.98 billion, an increase of 19.02% compared to the previous year's $4.19 billion. Earnings were $1.08 billion, an increase of 9.06%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for GRMN stock is "Buy." The 12-month stock price forecast is 118.52, which is an increase of 20.26% from the latest price.

Price Target
$118.52
(20.26% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Is It Time to Sell Garmin Stock?

The company had some unwelcome news for investors in its latest earnings report.

Amplify the off-road audio experience with the all-in-one Tread Audio System from Garmin

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the all-in-one Tread® Audio System with LED Controller featuring audio sources for AM/FM, AU...

Why Garmin Shares Tumbled This Week

Garmin lowered revenue guidance, wiping out previously predicted sales gains for this year.

Garmin (GRMN) Q2 Earnings Beat Estimates, Sales Dip Y/Y

Garmin's (GRMN) second-quarter sales reflect strong momentum across the outdoor and aviation segments amid weakness in the fitness, marine and auto businesses.

Garmin (GRMN) Surpasses Q2 Earnings Estimates

Garmin (GRMN) delivered earnings and revenue surprises of 1.41% and 8.71%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Garmin announces second quarter 2022 results

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (NYSE: GRMN) today announced results for the second quarter ended June 25, 2022. Highlights for second quarter 2022 include: Consolidated revenue...

Garmin Q2 Earnings: 3 Trends to Watch

Earnings fell last quarter and could drop again.

Two-Minute Drill: SWKS, ARE & GRMN

NFJ Investment Group's John Mowrey joins 'Closing Bell: Overtime' to discuss today's market activity and give is stock picks.

Other symbols: ARESWKS

Garmin (GRMN) Bolsters Fitness Segment With HRM-Pro Plus Strap

Garmin (GRMN) introduces a premium heart rate strap named HRM-Pro Plus to help athletes keep track of pace and distance during indoor runs, thereby improving their performance.

Garmin's (GRMN) GPS Cycling Computers to Aid Fitness Segment

Garmin (GRMN) introduces Edge Explore 2 and Edge Explore 2 Power Mount Bundle GPS cycling computers to enhance cyclists' riding experience.

Garmin named official technology sponsor of the Bowerman Track Club

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced an agreement to become the official technology sponsor of the Bowerman Track Club through 2...

Garmin (GRMN) Lifts Marine Portfolio With New Fishing Bundle

Garmin (GRMN) unveils the LiveScope Plus Ice Fishing Bundle LI, featuring a live-scanning sonar technology and an improved battery life to help anglers fish below ice for longer hours.

Get more out of your training with the new HRM-Pro Plus from Garmin

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the HRM-Pro™ Plus, a premium heart rate strap that adds pace and distance data while conti...

Discover new routes with the Edge Explore 2 series from Garmin

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced the Edge® Explore 2 and Edge Explore 2 Power Mount Bundle, dependable and easy-to-use GPS ...

Garmin brings revolutionary live-scanning sonar technology to coastal and open-water fishing with the new LiveScope X...

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE:GRMN), the world's largest1 and most innovative marine electronics manufacturer, today unveiled LiveScope™ XR , the...

Garmin brings LiveScope Plus to its lithium-powered ice fishing bundle

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced the LiveScope™ Pl...

Garmin (GRMN) Expands Automotive Solutions With dezlCam OTR710

Garmin (GRMN) introduces the dezlCam OTR710, featuring a high-definition dash cam to provide safe-driving experience to drivers.

Garmin Ltd. schedules second quarter 2022 earnings call

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NYSE: GRMN) invites shareholders and investors to listen to its second quarter 2022 earnings conference call on Wednesday, July 27, 2022 at 10:30...

3 Top Stocks to Buy During the Sell-Off

These three companies provide investors buffers to lean on during tumultuous times.

Other symbols: BIPCHD

Garmin (GRMN) Boosts Marine Segment With Signature 3i Speakers

Garmin (GRMN) launches the Signature Series 3i marine speakers, featuring water-resistant connectors to provide an enhanced audio experience to boaters.

Garmin expands and improves premium Fusion audio lineup with new Signature Series 3i speakers

OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, today announced the Signature Ser...

Garmin and Sea Tow join forces to improve boating safety

OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world's largest1 and most innovative marine electronics manufacturer, is excited to announce that it i...

Global call for entries announced for 2022 Garmin Health Awards

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), today announced a global call for entries for its 2022 Garmin Health Awards, celebrating the w...

3 Bargain Stocks You Can Buy Today and Hold Forever

These companies have become great deals because of the market downturn.

Other symbols: CRSPMSFT

Garmin (GRMN) Boosts Marine Segment Via Auto Guidance+ Solution

Garmin (GRMN) makes the Auto Guidance+ technology available in the Navionics Boating smart-device app to provide enhanced experience to boaters, anglers, sailors and drivers.