Garmin (GRMN) Projected to Post Earnings on Wednesday

Garmin (NYSE:GRMN) will likely be releasing its earnings data before the market opens on Wednesday, February 19th. Analysts expect Garmin to post earnings of $1.90 per share and revenue of $1.70 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Garmin Price Performance

Shares of Garmin stock opened at $212.37 on Monday. The firm has a market capitalization of $40.78 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98. The company’s fifty day moving average price is $212.77 and its two-hundred day moving average price is $193.88. Garmin has a 52-week low of $121.20 and a 52-week high of $223.33.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GRMN. Barclays boosted their price target on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a report on Friday, November 1st. Tigress Financial boosted their price target on shares of Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $171.00.

Insider Transactions at Garmin

In related news, CFO Douglas G. Boessen sold 1,761 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the transaction, the chief financial officer now owns 27,612 shares in the company, valued at $5,743,019.88. This represents a 6.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.54% of the stock is owned by insiders.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.