Garmin Ltd. (GRMN)

NYSE: GRMN · IEX Real-Time Price · USD
0.00 (0.00%)
At close: Dec 5, 2023, 4:02 PM
+0.70 (0.56%)
After-hours: Dec 5, 2023, 7:53 PM EST
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]

Sector Technology
IPO Date Dec 12, 2000
Employees 19,700
Stock Exchange NYSE
Ticker Symbol GRMN
Full Company Profile

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 Statements

Analyst 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.

Price Target
(-3.48% downside)
Analyst Consensus: Hold
Stock Forecasts


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) ...

19 days ago - PRNewsWire

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...

20 days ago - PRNewsWire

6 Consumer Stocks For a Growing Economy

GDP is still growing, and falling inflation could mean more money for consumers to spend.

20 days ago - Barrons

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...

21 days ago - PRNewsWire

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 (...

21 days ago - PRNewsWire

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...

22 days ago - PRNewsWire

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...

4 weeks ago - Reuters

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...

4 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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 ...

6 weeks ago - PRNewsWire

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...

6 weeks ago - PRNewsWire

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/ ...

7 weeks ago - 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.

Other symbols: TXT
7 weeks ago - Business Wire

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 ...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - Newsfile Corp

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...

2 months ago - 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 ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire