Economy

Garmin Ltd. Setting The Table For Earnings

Company has a 52-Week High of -0.81% and a 52-Week Low of 20.28%. Great West Life Assurance Communications Can has 0.01% invested in Garmin Ltd. (NASDAQ:GRMN) for 84,458 shares. The business is expected to announce its next earnings results before the market opens on Wednesday, November 1st. Next quarter's EPS is expected be $0.73 with next year's EPS projected to be $2.85. For the next year, analysts anticipate that the firm will post earnings of $2.84 per share, with EPS estimates ranging from $2.75 to $2.92. The company has an average rating of "Hold" and a consensus price target of $52.80. The stock of Garmin Ltd. (NASDAQ:GRMN) earned "Neutral" rating by Citigroup on Thursday, October 29. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.54 by $0.21.

Garmin shares have increased 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 15 percent. Garmin Ltd. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 18.05 and a beta of 0.84. Garmin's quarterly revenue was up.7% compared to the same quarter a year ago.

07/10/2017 - Garmin Ltd. had its "buy" rating reiterated by analysts at Tigress Financial. BidaskClub downgraded shares of Garmin from a "hold" rating to a "sell" rating in a research note on Friday, July 28th.

07/31/2017 - Garmin Ltd. had its "equal weight" rating reiterated by analysts at Morgan Stanley.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 2 analysts "outperform", 10 analysts "hold", 3 analysts "underperform" and 0 analysts "sell". The stock now has an average rating of "Hold" and a consensus target price of $52.80. Looking back over the last month, shares have performed 4.67%. The shares were sold at an average price of $51.20, for a total value of $11,852,800.00.

In other news, VP Danny J. Bartel sold 786 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $55.00, for a total transaction of $223,630.00. Andrew R. Etkind, VP disclosed the sale of 2,073 shares. Finally, Bayesian Capital Management LP purchased a new stake in shares of Garmin during the first quarter valued at $523,000. The Usa Financial Portformulas Corp holds 59,809 shares with $1.04 million value, up from 17,223 last quarter. US Bancorp DE now owns 2,215 shares of the scientific and technical instruments company's stock worth $113,000 after buying an additional 180 shares in the last quarter. Geode Capital Management LLC now owns 1,037,562 shares of the company's stock valued at $41,383,000 after buying an additional 12,677 shares during the period. United Services Automobile Association raised its position in shares of Garmin by 8.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 76,748 shares of the scientific and technical instruments company's stock valued at $4,142,000 after acquiring an additional 76,649 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Garmin by 5.6% in the 1st quarter. It dived, as 39 investors sold GRMN shares while 106 reduced holdings.

COPYRIGHT VIOLATION WARNING: This report was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and worldwide trademark & copyright law. Garmin Ltd. (NASDAQ:GRMN) shares have been recently spotted 0.39% away from the 52-week high, and 21.73% away from the 52-week low mark. (NASDAQ:GRMN) traded up 0.98% during midday trading on Tuesday, reaching $48.35. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. The 1-year high was reported on Nov, 1 by Barchart.com.



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