News articles about Garmin (NASDAQ:GRMN) have trended extremely positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Garmin earned a coverage optimism score of 4.60 on their scale. InfoTrie also gave media headlines about the scientific and technical instruments company an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Garmin’s ranking:
- Garmin’s Team Talks Autoland With Flying | Flying – Flying Magazine (flyingmag.com)
- Garmin Cyber Monday 2019 Deals – 3D Insider (3dinsider.com)
- Garmin Cyber Monday Deals 2019: All The Best Activity Tracker, GPS & Smartwatch Deals Rounded Up by Save Bubble – GlobeNewswire (globenewswire.com)
- Latest Garmin Fenix, Vivoactive & Forerunner Cyber Monday Deals for 2019: Garmin GPS & Smartwatch Deals Reviewed by Saver Trends – PRNewswire (prnewswire.com)
- Garmin Expands Into Sleep Industry with Strategic Partnership with Sleeprate – – HIT Consultant (hitconsultant.net)
Several analysts recently commented on the company. Morgan Stanley lifted their price objective on Garmin from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Tigress Financial reissued a “buy” rating on shares of Garmin in a report on Wednesday, November 27th. Finally, BidaskClub raised Garmin from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $81.19.
GRMN stock traded down $0.43 during midday trading on Tuesday, reaching $96.49. 1,086,544 shares of the company’s stock traded hands, compared to its average volume of 1,102,960. The company has a current ratio of 2.64, a quick ratio of 1.93 and a debt-to-equity ratio of 0.01. Garmin has a 52-week low of $59.98 and a 52-week high of $98.76. The stock has a market cap of $19.35 billion, a P/E ratio of 26.15, a PEG ratio of 3.20 and a beta of 0.91. The stock’s 50-day moving average is $93.10 and its 200 day moving average is $83.64.
Garmin (NASDAQ:GRMN) last issued its quarterly earnings data on Wednesday, October 30th. The scientific and technical instruments company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.32. The firm had revenue of $934.38 million during the quarter, compared to the consensus estimate of $869.02 million. Garmin had a net margin of 21.79% and a return on equity of 18.73%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS. As a group, research analysts expect that Garmin will post 4.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.36%. Garmin’s dividend payout ratio is presently 61.79%.
In other news, CEO Clifton A. Pemble sold 2,726 shares of Garmin stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $93.58, for a total transaction of $255,099.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Min H. Kao sold 254,517 shares of Garmin stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $94.88, for a total value of $24,148,572.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,048,640 shares of company stock valued at $97,210,169. Company insiders own 23.83% of the company’s stock.
Garmin Company Profile
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. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.
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