Garmin (GRMN) Set to Announce Earnings on Wednesday

Garmin (NASDAQ:GRMN) is scheduled to be releasing its earnings data before the market opens on Wednesday, February 21st. Analysts expect Garmin to post earnings of $0.76 per share for the quarter.

Shares of Garmin (NASDAQ:GRMN) opened at $62.43 on Wednesday. The stock has a market capitalization of $11,710.00, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.94. Garmin has a one year low of $48.50 and a one year high of $64.96.

A number of brokerages recently weighed in on GRMN. BidaskClub upgraded shares of Garmin from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Credit Suisse Group restated an “underperform” rating and set a $58.00 price objective (up from $48.00) on shares of Garmin in a research note on Tuesday, December 12th. ValuEngine upgraded shares of Garmin from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Garmin from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Thursday, January 4th. Finally, Tigress Financial restated a “buy” rating on shares of Garmin in a research note on Friday, December 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Garmin presently has an average rating of “Hold” and a consensus target price of $56.71.

In related news, major shareholder Jonathan Burrell sold 254,000 shares of Garmin stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $62.45, for a total transaction of $15,862,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sean Biddlecombe sold 755 shares of Garmin stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $60.80, for a total value of $45,904.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 257,208 shares of company stock worth $16,060,069. Company insiders own 18.30% of the company’s stock.

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Garmin Company Profile

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

Earnings History for Garmin (NASDAQ:GRMN)

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