GRMN - Garmin Ltd.
| Previous Close | 84.59 |
| Open | 84.22 |
| Bid | 82.89 x 3200 |
| Ask | 85.00 x 1300 |
| Day's Range | 83.33 - 84.57 |
| 52 Week Range | 57.01 - 85.50 |
| Volume | 976,119 |
| Avg. Volume | 1,162,906 |
| Market Cap | 15.835B |
| Beta (3Y Monthly) | 1.09 |
| PE Ratio (TTM) | 22.84 |
| EPS (TTM) | 3.66 |
| Earnings Date | Apr 30, 2019 - May 6, 2019 |
| Forward Dividend & Yield | 2.28 (2.70%) |
| Ex-Dividend Date | 2019-06-14 |
| 1y Target Est | 75.83 |
- Zacks•2 days ago
SYNNEX (SNX) to Report Q1 Earnings: What's in the Cards?
Business wins and the focus on improving profitability might aid SYNNEX's (SNX) first-quarter fiscal 2019 results.
- Zacks•2 days ago
Garmin (GRMN) Up 2.6% Since Last Earnings Report: Can It Continue?
Garmin (GRMN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire•3 days ago
Garmin® unveils the Approach® S40 GPS: A stylish everyday smartwatch for golfers
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the versatile Approach S40, a GPS smartwatch specifically designed for golfers to use on the course or as a sophisticated timepiece. Additionally, the smartwatch is fitted with adjustable, quick release bands—available in different colors—to easily tailor the watch to a golfer’s personal style. The Approach S40 integrates AutoShot Game Tracking to measure and auto-record a golfer’s detected shot distance1 for a more focused gaming experience, and thanks to its highly responsive GPS receiver, this stylish smartwatch conveniently locks in on a golfer’s location and displays precise yardages to the front, middle and back of the green, hazards, doglegs and more.
- Zacks•5 days ago
Apple (AAPL) Watch Can Detect Irregular Heartbeat Per Study
Apple (AAPL) Watch, which can detect irregular heart pulses in users, stands as the first consumer device to offer this feature.
- Zacks•5 days ago
Garmin's Arm Unveils New Smartwatches, Expands Portfolio
Garmin (GRMN) has been making significant investments in varied businesses, which help it develop a solid product line.
- American City Business Journals•5 days ago
Kansas City billionaire lists Hallbrook mansion for sale
Garmin co-founder Min Kao's nearly 11,000-square-foot Leawood home is fit for a billionaire. Read on to learn more about the Hallbrook mansion, which just hit the market for $4.9 million.
- Motley Fool•5 days ago
Don't Waste Your Money on Penny Stocks, These 3 Stocks Are Better Buys
These three companies could deliver returns worth bragging about.
- Business Wire•5 days ago
IBBI names Garmin® its 2018 Supplier of the Year
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced that it received the prestigious Supplier of the Year distinction from the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative comprised of a 19-member network of leading boat brands that collectively build nearly 25% of all boats sold in the U.S. The IBBI Supplier of the Year award recognizes one company’s outstanding service and dedication to its member network. Garmin has been a supplier of choice for the IBBI since 2014, and last year, was named its exclusive marine electronics supplier. The IBBI presented the Supplier of the Year honor to Garmin at its Annual Meeting, March 4-6, 2019.
- Engadget•10 days ago
Garmin's adventure-based smartwatch line starts at $1,500
Garmin is hoping its new line of smartwatches will strike a chord with the kind of thrill seekers you might find flying planes and racing cars -- and we might assume they're expensive planes and cars, given the high asking prices. The new MARQ collection , as it's called, is geared toward pilots, ship captains, explorers and athletes. The smartwatches range from $1,500 to $2,500 and can supposedly do everything from calculate your performance vehicle's average speed to send email notifications while you zip around a racetrack.
TechCrunch•10 days agoLooking for a $2,500 smartwatch? Garmin’s got ‘em
Somewhere out there is a person willing to pay $2,500 for a smartwatch. Surprisingly, that individual has several high-end options from which to choose. And while the Garmin name doesn’t exactly scream luxury, the company does know how to build a solid smartwatch — and these look pretty decent, to boot.
- Business Wire•10 days ago
Garmin® introduces the ECHOMAP Ultra series with larger, brighter screens, built-in Panoptix LiveScope support and new g3 maps, charts
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the ECHOMAP™ Ultra series, a new line of keyed-assist 10- and 12-inch touchscreen chartplotters designed to bring professional performance to inland and nearshore anglers. Offering a best-in-class sonar solution, the ECHOMAP Ultra series has built-in support for Garmin’s crystal-clear Ultra High-Definition scanning sonar as well as the award-winning Panoptix LiveScope™ series, including the new single-array LVS12, that delivers live scanning sonar images of structure, bait and fish swimming below and around the boat in real time. Preloaded with Garmin’s latest and most detail-rich cartography—both LakeVü g3 maps and BlueChart® g3 charts with integrated Navionics® data and Auto Guidance1 technology— the ECHOMAP Ultra series has the power and functionality to meet the demands of today’s anglers.
- InvestorPlace•11 days ago
There Isn’t a Lot of Hope Left for People Investing in GoPro Stock
The history of GoPro (NASDAQ:GPRO) stock has become one of excitement, but it is not the kind of activity that a GoPro action camera can capture. Competition from device makers took GoPro stock from almost $100 per share into penny stock status.The release of a new action camera and a move to profitability have helped to take GPRO back above $6 per share. While a continued recovery for GoPro remains possible, investors will find it difficult to profit from GoPro stock under either of the two most likely scenarios for a rebound.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSmartphones initially could not replicate the quality and functionality of an action camera. For this reason, GoPro enjoyed initial success. However, as smartphones improved over time, consumers lost interest in standalone cameras, and GoPro's sales numbers dropped. Consequently, GoPro stock fell from a high of over $98 per share in 2014 to a low of $4 per share in a timespan of just over four years. * 15 Stocks Sitting on Huge Piles of Cash Today, GoPro stands as an $875 million company competing with the biggest names in tech. Despite this disadvantage, they have managed to turn profitable and produce what many see as the best action camera available. However, this leaves only two likely outcomes for GPRO, and both will make it difficult for investors to profit from GPRO stock. Is GPRO the Next Garmin?One option involves a hope that GPRO will become the Garmin (NASDAQ:GRMN) of the action camera space. In many respects, GoPro has followed in Garmin's footsteps. Garmin saw its stock plunge after the features of its GPS device found their way into smartphones.To stay in business, Garmin turned to niche GPS products. Often used for sporting purposes, these devices did not attract the interest of smartphone companies. In time, this turned GRMN stock around. Now, GoPro has begun to pursue a similar strategy.Those who see GPRO as the next Garmin have a reason for hope. In the action camera market, the new Hero7 stands out above its rivals. Moreover, the company's moves into video editing and content creation have also attracted attention. The Buyout CaseOn the financial front, the recent turn to profitability also appears impressive. Profits take the forward price-to-earnings (PE) ratio to about 20. Over the next five years, Wall Street forecast average profit increases of 10% per year for the next five years. Some might buy GoPro stock on these metrics alone.However, these multiples also open up the possibility of a different scenario--a buyout. Current valuations price the stock at a level where a firm such as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) or Xiaomi (OTCMKTS:XIACF) could purchase the company.Products such as GoPro cameras tend to fare better with an ecosystem to facilitate device functionality and the sharing of media. All three of these companies can provide such an ecosystem. Risks for GoPro StockStill, despite these scenarios, the future for GPRO remains uncertain, and buying GoPro in hopes of either situation panning out is a questionable strategy.For one, the company's attempts to stay relevant have not always led to successes. For example, the company tried to add action cameras to drones, but the idea failed to take off. Such failures reduce the likelihood that GoPro stock will see a recovery like the one Garmin experienced.Moreover, buying a company in hopes of a buyout remains a tricky situation. Sure, they could announce a buyout tomorrow. However, prospective buyers could also hold out for more stock price declines in hopes that they could buy at a lowered price. Given that possibility, a further drop in the stock price is not out of the question. The Bottom LineWhile I expect GoPro products will stay on the market for the foreseeable future, it may not necessarily lead to a surge in GPRO. Given the benefits of an ecosystem, I see a buyout as the more likely scenario to occur.The more technology improves, the greater the need for product research funding and the need for an ecosystem. Although GoPro retains a product edge for now, larger and better-funded peers could catch up or surpass them in time.Garmin continues to deal with this issue as mega-cap competitors take an increasing interest in their product niches. For this reason, one has to assume the competitive threat would remain for GoPro as well. A buyout eliminates that worry. It would also provide funding for product improvements and an ecosystem for camera output.In either case, action photography enthusiasts will continue to benefit from GoPro products. Just don't expect that to pay off for holders of GPRO stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post There Isn't a Lot of Hope Left for People Investing in GoPro Stock appeared first on InvestorPlace.
- American City Business Journals•11 days ago
Garmin releases new line of lifestyle watches
Each timepiece reflects a sector of Garmin's business, which is celebrating its 30th anniversary.
- Business Wire•11 days ago
Garmin® unveils the MARQ series: a collection of lifestyle inspired smart tool watches, crafted to champion the life you live
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), in celebration of its 30th anniversary, today announced the MARQ™ series— a collection of tool watches, forged from Garmin’s long-standing heritage in the aviation, automotive, marine, outdoor and sport markets. Garmin has redefined the adventure watch market, and now, it’s created the ultimate timepieces, equipped with the modern utility of smart features – MARQ Aviator, MARQ Driver, MARQ Captain, MARQ Expedition and MARQ Athlete – each designed and engineered for those inspired by their passion in flying, racing, sailing, exploring and sports performance.
- Markit•12 days ago
See what the IHS Markit Score report has to say about Garmin Ltd.
Garmin Ltd NASDAQ/NGS:GRMNView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for GRMN with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold GRMN had net inflows of $1.51 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Business Wire•12 days ago
Garmin® earns best supplier award from Embraer for the tenth time
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced it was awarded its 10th best supplier of the year award at the annual Embraer Suppliers Conference, which was held at Embraer’s facility in Sao Jose dos Campos, Brazil, on February 28, 2019. Garmin was named the best supplier for Electrical Systems of the Year related to the support of the G1000® Prodigy and G3000™ Prodigy Touch integrated flight decks in the Phenom 100 and Phenom 300 respectively. “We are humbled and honored yet again to be recognized by Embraer, among hundreds of their suppliers, for our tremendous commitment to serving them on their award-winning Phenom aircraft,” said Carl Wolf, vice president of aviation sales and marketing.
- InvestorPlace•13 days ago
Why Fitbit Stock Isn’t Interesting Anywhere Above $5
Shares of Fitbit (NYSE:FIT) started 2019 out with a bang on optimism regarding Versa smartwatch sales during the holiday season. Fitbit stock rallied from a sub-$5 low in late 2018, to nearly $7 by mid-February.Source: Shutterstock But, around that time, I warned that the rally in Fitbit stock was on its last legs, and that the "next big move in the stock will likely be lower." Fast forward three weeks. The next big move in Fitbit stock has happened, and it was a big move lower.Fitbit reported disappointing holiday quarter numbers in late February that included flat revenue growth, tepid device growth, continued gross margin erosion, and a weak guide which implied that the big turnaround everyone was hoping for, will progress a lot more slowly than expected. Fitbit dropped big in response. It now trades under $6, or about 15% off its pre-earnings highs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio Unfortunately, this drop is only the beginning. The company's fourth quarter numbers and guide illustrate a dour reality for Fitbit. Simply, the wearables market has largely moved on without it and growth going forward will be tepid at best.When it was up at $7, Fitbit stock was priced for big growth. Down at $6, the stock isn't priced for big growth anymore. But, it still isn't priced for tepid growth, either.Instead, tepid growth isn't appropriately priced in until around a $5 price tag. Thus, until Fitbit stock drops to $5, it's best to stay on the sidelines. The Numbers Aren't GoodThere were murmurs that a Versa smartwatch boom was going to drive really strong holiday numbers, which would pave the path for a potential 2019 turnaround through a strategic smartwatch pivot.None of that is happening. Instead, revenue growth was flat in the fourth quarter, with all growth coming from the still nascent Asia-Pacific market (all other developed markets saw revenues drop year-over-year). Device sold growth was 3%. Average selling prices dropped 2%. Gross margins took a big hit thanks to the smartwatch shift.In other words, even during what was supposed to a blockbuster turnaround quarter for Fitbit thanks to its best product yet, the company still barely grew.The guide implied things won't get better any time soon. Device sold growth is expected to be only mildly positive in 2019, while ASPs are expected to keep dropping. Revenue growth is expected in the low single digit range. Gross margins are guided to keep falling. Operating leverage will continue, but at a lesser rate.Overall, the takeaway is clear: the big Fitbit turnaround isn't coming. Instead, there is a mini-Fitbit turnaround happening right now. But, that turnaround is characterized by low single digit top line growth and continued gross margin pressures.There are plenty of reasons behind this tepid turnaround, most of which have to do with the fact that the wearables market has simply fallen in love with other products, and Fitbit's share in this market is becoming increasingly niche. Nonetheless, the numbers don't lie, and the numbers imply that growth will be largely unimpressive going forward. The Valuation Still Has Room to FallFitbit still isn't priced appropriately considering its tepid long term growth prospects.The math here is simple. We are talking about a $1.5 billion revenue company that is projected to grow at a low single digit rate over the next several years. At best, that puts revenues around $1.8 to $1.9 billion by 2025. Gross margins are getting hit by the smartwatch pivot, but have potential to stabilize around 40%. Assuming opex dollars continue to drop towards $600 million by 2025, that would equate to a 32-33% opex rate.Putting all that together, a realistic best case scenario for Fitbit is $1.85 billion in revenues by 2025 on high single digit operating margins. Reasonably speaking, that could flow into around $0.40 in EPS by 2025.Based on competitor Garmin's (NYSE:GRMN) average forward P/E multiple of 18, that equates to a 2024 price target for Fitbit stock of just over $7. Discounted back by 10% per year, that equates to a fiscal 2019 price target of just under $5.As such, Fitbit stock isn't worth considering in 2019 until it drops below $5. Bottom Line on FIT StockFitbit stock yet again hit a wall called reality in late February, and the stock is feeling the aftershocks of that head-on collision. These aftershocks will stick around because the valuation is still too big considering the company's long term growth prospects. A drop to $5 within the next few months seems likely.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Growth Stocks Racing to All-Time Highs * 5 Warren Buffett Stocks You Can't Go Wrong With * Game On for These 3 Gaming Stocks Compare Brokers The post Why Fitbit Stock Isn't Interesting Anywhere Above $5 appeared first on InvestorPlace.
- Engadget•16 days ago
The best dash cam
Read the full dash cam guide here. After researching about 200 dash cams and testing 30, we've found that the Garmin Dash Cam 55 is the dash cam we'd want on the windshield in case something crazy happens when we're out for a drive. The Garmin Dash Cam 55 records at a 1440p resolution, delivering better-quality video than most of the models we've tested, with sharp enough resolution to clearly read license plates and see other details in lighting conditions that other cameras struggled with.
- Zacks•16 days ago
Trimble's Tekla PowerFab Expands Steel Fabrication Portfolio
Trimble (TRMB) rolls out a steel fabrication software solution - Tekla PowerFab - that offers real-time information to all project parties.
- Zacks•16 days ago
Fitbit Unveils Low-Cost Fitness Wearables to Curb Competition
Fitbit (FIT) releases new fitness wearables in a bid to combat competition and expand its share in the smartwatch market.
- Market Realist•19 days ago
Apple Still Leads the Smartwatch Space, but Growth Is Slowing
Tech Sector Must-Knows: Box, Amazon, Apple, and Lyft(Continued from Prior Part)Apple had a 50% market share in smartwatches in 2018 Apple (AAPL) disrupted the wearable segment (WEAR) a few years back by launching its smartwatches, which almost
- American City Business Journals•19 days ago
Garmin partners with luxury automaker for in-car entertainment
The automaker has picked Olathe-based Garmin to design and produce its cars' infotainment systems.
- Zacks•19 days ago
Should Invesco Defensive Equity ETF (DEF) Be on Your Investing Radar?
Style Box ETF report for DEF
- Business Wire•19 days ago
Garmin® expands aviation database coverage and capabilities in Australia
Garmin International, Inc., a unit of Garmin Ltd. , today announced it has received approval of a CASR 175.C Data Service Provider certificate from the Civil Aviation Safety Authority , enabling expanded aviation database coverage in Australia.
- Simply Wall St.•20 days ago
Garmin Ltd. (NASDAQ:GRMN): Immense Growth Potential?
Based on Garmin Ltd.'s (NASDAQ:GRMN) earnings update on 29 December 2018, it seems that analyst expectations are fairly bearish, with earnings expected to grow by 2.1% in the upcoming yearRead More...
