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Key earnings weigh on marketsThe Ultimate Top Drone Stocks List for Sky-High Returns (25+ Stocks)This summary was created by AI, based on 1 opinions in the last 12 months.
Experts are highly impressed with Garmin Limited's recent performance, with a 13% revenue growth and strong financials across different segments. The company's innovative approach, exemplified by its new smartwatch, has also been commended. The removal of surplus inventories and the company's high PE ratio are also noteworthy. Overall, the company appears to be in a strong position with positive outlook for earnings.
Generates 50% or so of revenue from OEM GPS units in Chrysler and Jeep. Have been spending a lot of money on innovation. That is a good thing if the innovation works, but is a bit of a wildcard. A lot of the innovations they are coming out with are wrist wear type of devices, but a lot of that can be done with your smart phone. 5% dividend yield.
Generates about 50% of their revenue from selling GPS units to OEM car manufacturers. That part of their business has been struggling, and is worrisome because it is such a large part of where their revenues come from. Have recently been spending money on innovations, and coming out with wearable devices. The challenge is that innovation is quite costly. Their free cash flow is down 10%-12% over the last few years. His biggest concern is that they are channelling their investments and focus on wearables including watches. Apple (AAPL-Q) and other smart phones can do all of this, and he doesn’t want to be competing with the Apple brand.
GPS technology. He was looking for a technology play with a good yield. Likes their Marine, Fitness and other divisions. Feels that the GPS market as a whole is going to be huge. They are reinventing their product array and it is a really, really strong company. Lots of cash. Yield of 4.1% with a 60% payout ratio.
Garmin Limited is a American stock, trading under the symbol GRMN-Q on the NASDAQ (GRMN). It is usually referred to as NASDAQ:GRMN or GRMN-Q
In the last year, 1 stock analyst published opinions about GRMN-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Garmin Limited.
Garmin Limited was recommended as a Top Pick by on . Read the latest stock experts ratings for Garmin Limited.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Garmin Limited In the last year. It is a trending stock that is worth watching.
On 2024-04-26, Garmin Limited (GRMN-Q) stock closed at a price of $143.45.
Likes it and has been following it for years. Last week, they reported 13% revenue growth while four of their five segments beat expectations, a top and bottom line beat. Gross margins were way up at 53.8%, beating expectation, and operating margins also beat. Free cash flow also increased. The company keeps innovative, like their new smart watch. Inventory level is now strong, having overcome surplus inventories. Now trades at 25.5x PE, but they deserve this premium because of their earnings outlook.