Equities analysts predict that Garmin Ltd. (NASDAQ:GRMN) will post earnings per share (EPS) of $0.79 for the current quarter, according to Zacks. Two analysts have issued estimates for Garmin’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.84. Garmin also posted earnings per share of $0.79 during the same quarter last year. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 20th.
According to Zacks, analysts expect that Garmin will report full year earnings of $3.47 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.51. For the next financial year, analysts expect that the business will post earnings of $3.49 per share, with EPS estimates ranging from $3.41 to $3.56. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Garmin.
A number of equities analysts recently commented on the company. Bank of America set a $70.00 price objective on Garmin and gave the stock a “sell” rating in a report on Thursday, November 15th. Morgan Stanley dropped their price objective on Garmin from $77.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, January 7th. Finally, BidaskClub upgraded Garmin from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Garmin presently has an average rating of “Hold” and a consensus price target of $68.40.
NASDAQ:GRMN traded down $0.65 during mid-day trading on Tuesday, reaching $70.97. The stock had a trading volume of 1,293,751 shares, compared to its average volume of 882,600. Garmin has a fifty-two week low of $57.01 and a fifty-two week high of $71.89. The company has a market capitalization of $14.19 billion, a P/E ratio of 24.14, a P/E/G ratio of 2.78 and a beta of 0.94.
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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