Garmin (GRMN) Issues FY19 Earnings Guidance

Share on StockTwits

Garmin (NASDAQ:GRMN) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.52. The company issued revenue guidance of $3.50 billion, compared to the consensus revenue estimate of $3.43 billion.Garmin also updated its FY 2019 guidance to $3.70-3.70 EPS.

Several equities research analysts have issued reports on GRMN shares. BidaskClub upgraded Garmin from a buy rating to a strong-buy rating in a report on Wednesday, February 13th. ValuEngine downgraded Garmin from a buy rating to a hold rating in a report on Tuesday. 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $68.40.

Shares of GRMN opened at $70.97 on Wednesday. The company has a market capitalization of $14.19 billion, a PE ratio of 24.14, a PEG ratio of 2.79 and a beta of 0.94. Garmin has a 52 week low of $57.01 and a 52 week high of $71.89.

Garmin (NASDAQ:GRMN) last issued its earnings results on Wednesday, February 20th. The scientific and technical instruments company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.80 by $0.22. The company had revenue of $932.11 million during the quarter, compared to analyst estimates of $893.14 million. Garmin had a return on equity of 16.95% and a net margin of 19.45%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. Research analysts expect that Garmin will post 3.47 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Garmin (GRMN) Issues FY19 Earnings Guidance” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4165716/garmin-grmn-issues-fy19-earnings-guidance.html.

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.

Read More: What type of investment options does a Roth IRA provide?

Receive News & Ratings for Garmin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garmin and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

National Bank Financial Boosts TransAlta  Price Target to C$9.50
National Bank Financial Boosts TransAlta Price Target to C$9.50
Mullen Group  Price Target Increased to C$13.75 by Analysts at Canaccord Genuity
Mullen Group Price Target Increased to C$13.75 by Analysts at Canaccord Genuity
Canaccord Genuity Lowers Essential Energy Services  Price Target to C$0.35
Canaccord Genuity Lowers Essential Energy Services Price Target to C$0.35
National Bank Financial Boosts Kinder Morgan Canada  Price Target to C$17.00
National Bank Financial Boosts Kinder Morgan Canada Price Target to C$17.00
Innovaderma  Trading 8.5% Higher
Innovaderma Trading 8.5% Higher
The Hong Kong and China Gas  vs. Sandridge Mississippian Trust I  Head to Head Survey
The Hong Kong and China Gas vs. Sandridge Mississippian Trust I Head to Head Survey


© 2006-2019 Ticker Report