Financial StrategyCapital deployment plans for 2024 focus on facilities & IT improvement and returning value to shareholders through share repurchases and a dividend increase.
Investment RatingAnalyst reiterates a Strong Buy rating on GRMN with a target price of $175 per share due to record results and accelerating momentum that will continue to drive share price gains.
Product DevelopmentOngoing innovation and new product introductions are expected to drive growth in Fitness, Outdoors, and Auto OEM sectors.
Bears Say
Consumer SpendingConsumer demand for wearables to be tested as other sports-focused retailers have lowered earnings outlooks, indicating potential cutbacks on discretionary purchases.
Cost PressureThe AutoOEM ramp will likely weigh on margins due to the increased P&L presence.
Economic FactorsIncreased consumer spending on gas may result in a larger decline in retail sales, posing risks to consumer wearables demand.
What was Garmin’s price range in the past 12 months?
Garmin lowest stock price was $92.59 and its highest was $149.54 in the past 12 months.
What is Garmin’s market cap?
Currently, no data Available
When is Garmin’s upcoming earnings report date?
Garmin’s upcoming earnings report date is May 01, 2024 which is in 6 days.
How were Garmin’s earnings last quarter?
Garmin released its earnings results on Feb 21, 2024. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.404 by $0.316.
Garmin pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 2.09%. See more information on Garmin dividends here
What is Garmin’s EPS estimate?
Garmin’s EPS estimate is $1.
How many shares outstanding does Garmin have?
Garmin has 191,777,420 shares outstanding.
What happened to Garmin’s price movement after its last earnings report?
Garmin reported an EPS of $1.72 in its last earnings report, beating expectations of $1.404. Following the earnings report the stock price went up 8.826%.
Which hedge fund is a major shareholder of Garmin?
Among the largest hedge funds holding Garmin’s share is Gotham Asset Management LLC. It holds Garmin’s shares valued at 6M.
Switzerland-based Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.
Copying Ivan Feinseth's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +12.11% per trade.