GRMN - Garmin Ltd.
103.46 -0.21 (-0.20%)
After hours: 5:50PM EST
| Previous Close | 97.12 |
| Open | 103.87 |
| Bid | 103.51 x 1100 |
| Ask | 104.00 x 800 |
| Day's Range | 101.78 - 105.58 |
| 52 Week Range | 74.29 - 105.58 |
| Volume | 2,918,957 |
| Avg. Volume | 759,103 |
| Market Cap | 19.708B |
| Beta (5Y Monthly) | 0.99 |
| PE Ratio (TTM) | 25.29 |
| EPS (TTM) | 4.10 |
| Earnings Date | Apr 26, 2020 - Apr 30, 2020 |
| Forward Dividend & Yield | 2.28 (2.32%) |
| Ex-Dividend Date | Mar 12, 2020 |
| 1y Target Est | 92.83 |
- Reuters
US STOCKS-S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes
The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic. Stocks held gains following the release of minutes from the U.S. Federal Reserve's last policy meeting, which showed policymakers were cautiously optimistic about their ability to hold interest rates steady this year while acknowledging new risks caused by the virus outbreak.
- Investor's Business Daily
Consumer Electronics Maker Garmin Navigates Fourth-Quarter Beat And Raise
Outdoor recreation, fitness and navigation device maker Garmin on Wednesday beat Wall Street views for the fourth quarter and guided analysts higher for 2020. The news sent shares surging.
ReutersUS STOCKS-Indexes climb on China stimulus hopes, hold ground after Fed minutes
U.S. stocks rose on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic. Stocks held gains following the release of minutes from U.S. Federal Reserve's last policy meeting, which showed policymakers were cautiously optimistic about their ability to hold interest rates steady this year while acknowledging new risks caused by the virus outbreak. The number of new coronavirus cases dropped for a second straight day in China, although global health officials cautioned it was too early to predict how the outbreak will play out.
- Zacks
Garmin's (GRMN) Q4 Earnings & Revenues Surpass Estimates
Garmin's (GRMN) fourth-quarter results benefit from strong performance of fitness, outdoor, marine and aviation segments.
ReutersUS STOCKS-S&P 500, Nasdaq reach new heights on China stimulus hopes
The S&P 500 and the Nasdaq hit all-time highs on Wednesday as hopes that China would take more measures to prop up its economy eased worries about the impact of the coronavirus epidemic. The number of new coronavirus cases also dropped for the second straight day in China, although global health officials cautioned it was too early to predict how the outbreak will play out. China is widely expected to cut its benchmark lending rate on Thursday, which would add to a number of measures aimed at limiting the impact from business shutdowns and travel curbs on the world's second-largest economy.
- Barrons.com
The Dow Is Up 160 Points Because New Coronavirus Cases in China Are Down
The Dow Jones Industrial Average rose 160 points, or 0.6%. The S&P 500 gained 0.6%, and the Nasdaq Composite was up 1%.
- Investing.com
Stocks - S&P Notches Record Close on Bets China Stimulus Will Curb Virus Impact
By Yasin Ebrahim
- TheStreet.com
Garmin Shares Climb on Fourth-Quarter Earnings Beat, Strong Outlook
Garmin shares are higher after the GPS-technology company beat Wall Street's fourth-quarter earnings expectations and offered strong 2020 guidance.
ReutersUS STOCKS-S&P 500, Nasdaq scale new highs on China stimulus hopes, drop in new virus cases
The S&P 500 and the Nasdaq hit fresh highs on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy. The number of new coronavirus cases dropped for the second straight day in China although global health officials cautioned it was too early to predict how the epidemic will play out and many viewed the official data with skepticism.
- Investor's Business Daily
Dow Jones Today, Stocks Rise On Coronavirus News; Tesla Leads Nasdaq, Nike Shuffles Management
Enphase and Garmin scored big earnings wins, while Apple topped the Dow Jones as positive coronavirus numbers buoyed markets.
- Reuters
US STOCKS-Wall St poised for higher open on China stimulus hopes, signs of slowing virus spread
Wall street was set for a stronger open on Wednesday as signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy helped investors shake off worries stemming from Apple's sales warning. The number of new coronavirus cases dropped for the second straight day in China although global health officials cautioned it was too early to predict how the epidemic will play out and many viewed the official data with skepticism. China is widely expected to cut its benchmark lending rate on Thursday after several fiscal and monetary measures as it attempts to limit the damage from business shutdowns and travel curbs on the world's second-largest economy.
- Barrons.com
Garmin Stock Set to Hit 10-Year High. What’s Driving the Surge.
Garmin shares are pointing in the right direction, trading at their highest level in more than a decade after reporting stronger-than-expected fourth quarter profits and 2020 guidance that was well above previous Wall Street analyst estimates.
- MarketWatch
Garmin's stock surges toward 12-year high after earnings beat, upbeat outlook and raised dividend
Shares of Garmin Ltd. rallied 7.1% toward a more-than 12-year high in premarket trading Wednesday, after the maker of navigation, communications and information devices reported fourth-quarter earnings that beat expectations, provided an upbeat outlook and raised its dividend by 7%. Net income rose to $360.8 million, or $1.89 a share, from $190.2 million, or $1.00 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.29, above the FactSet consensus of $1.05. Revenue rose 18% to $1.10 billion, above the FactSet consensus of $1.01 billion, as all of Garmin's business segments, such as fitness, aviation, marine, outdoor and auto, beat expectations. For 2020, the company expects EPS of approximately $4.60, above the FactSet consensus of $4.34, and revenue of approximately $4.0 billion, above expectations of $3.83 billion. The company raised its annual dividend to $2.44 a share from $2.28 a share, with the first quarterly installment of 61 cents a share payable June 30 to shareholders of record on June 15. The stock, on track to open at the highest price seen during regular session hours since December 2007, has edged up 0.2% over the past three months through Tuesday, while the S&P 500 has gained 8.0%.
- Business Wire
Garmin reports strong revenue and operating income growth; proposes 7% dividend increase
Garmin Ltd. (Nasdaq: GRMN) today announced results for the fourth quarter and fiscal year ended December 28, 2019.
- Business Wire
Garmin brings flight deck technology and tools to the Garmin Pilot app
Garmin today announced the addition of new features in the Garmin Pilotâ„¢ app that incorporate professional IFR navigation tools.
- Zacks
Garmin (GRMN) to Report Q4 Earnings: What's in the Offing?
Garmin's (GRMN) Q4 earnings are likely to have benefited from expanding product portfolio and strength in the wearables market. Yet, weak personal navigation device space may have been a concern.
- Zacks
Earnings Preview: Garmin (GRMN) Q4 Earnings Expected to Decline
Garmin (GRMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
Garmin® secures exclusive naming rights for Kansas City Marathon
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), has secured exclusive naming rights and title sponsorship of The Kansas City Marathon. Beginning in 2020, Kansas City’s largest annual running event will be rebranded as The Garmin Kansas City Marathon with full integration of the Garmin brand and running products, including the best-selling Forerunner® lineup of running smartwatches and fēnix® 6 series of adventure watches.
- Zacks
Silicon Motion (SIMO) Q4 Earnings Beat, Revenues Up Y/Y
Silicon Motion (SIMO) fourth-quarter results reflect sequential improvement in demand for SSD Solutions. Moreover, the company's first-quarter 2020 revenue guidance holds promise.
- Zacks
Monolithic Power (MPWR) Q4 Earnings & Revenues Top Estimates
Monolithic Power Systems (MPWR) fourth-quarter 2019 results reflect strong performance of Computing & Storage end-market.
- Zacks
Seagate (STX) Q2 Earnings Beat, Revenues Miss Estimates
Seagate (STX) second-quarter fiscal 2020 results reflect sequential improvement in HDD exabytes shipments. Robust demand for 16-terabyte products holds promise.
- Zacks
Microchip (MCHP) Q3 Earnings & Revenues Surpass Estimates
Microchip's (MCHP) third-quarter results reflect sluggish demand across communication and appliance end-markets. However, solid demand for microcontrollers and PolarFire solutions hold promise.
- Zacks
Pitney Bowes (PBI) Q4 Earnings Top Estimates, Sales Down Y/Y
Pitney Bowes' (PBI) fourth-quarter results reflect impact from ransomware attack and higher tariffs amid improving Global Ecommerce business.
- GuruFocus.com
A Trio of Quality Stocks for Your Portfolio
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- Zacks
Waters (WAT) Earnings and Revenues Beat Estimates in Q4
Waters' (WAT) fourth-quarter 2019 results benefit from solid momentum in governmental & academic market. However, softness in pharmaceutical and industrial markets remains a concern.
