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Garmin Limited (GRMN-Q) is receiving positive reviews from experts, who highlight the company's strong financial performance, innovative product offerings, and successful pivot to different business lines. The company has shown significant revenue and EPS growth, with impressive margins and free cash flow. With a focus on consumer products like GPS devices, smartwatches, and boating equipment, Garmin Limited is considered a hidden compounder with potential for continued growth. Overall, experts view Garmin Limited as a high-quality company with a bright earnings outlook.
Had GPS devices in cars, now successfully pivoted to different business lines. Active watches, flight decks, boating GPS, equipment for automakers. Fast-growing, beautiful balance sheet. Acquires lots of companies in its relevant spaces. Consumer will continue to spend $$ on these high-quality products. A hidden compounder. Yield is 1.8%.
(Analysts’ price target is $162.29)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.
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, 2 stock analysts published opinions about GRMN-Q. 2 analysts 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.
2 stock analysts on Stockchase covered Garmin Limited In the last year. It is a trending stock that is worth watching.
On 2024-12-04, Garmin Limited (GRMN-Q) stock closed at a price of $215.73.
Is soaring today. They raised their EPS and revenue (up 41%). They're in the sweet spot for consumer products.