Overall Fundamental outlook

Business Operations:

Sector: Technology
Industry: Scientific & Technical Instruments

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; 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, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Revenue projections:

Revenue projections for GRMN
Revenue projections for GRMN

Investors may react cautiously to news that Garmin Ltd.'s revenues are forecasted to be lower than last year's. Such declines are likely to have a negative effect on the company's bottom line, which can lead to concerns about profitability and hinder investor confidence in the company's future performance.

Financial Ratios:

currentRatio 3.633000
forwardPE 26.138042
debtToEquity 2.184000
earningsGrowth 0.212000
revenueGrowth 0.166000
grossMargins 0.587440
operatingMargins 0.289020
trailingEps 8.580000
forwardEps 10.199310

GRMN's current ratio is 3.633, signaling that the company has sufficient cash reserves and current assets to cover its short-term debt obligations. This suggests financial stability, as GRMN should not face any issues meeting its short-term liabilities with available resources.
GRMN's Forward PE ratio is favorable, indicating that the stock price is well-positioned in relation to its earnings. It is not overpriced, leaving room for growth, which makes it a solid option for investors seeking both stability and future appreciation.
GRMN's positive earnings and revenue growth indicate that the company is well-positioned for business expansion. This growth suggests a strong financial trajectory, with GRMN expected to continue increasing its profits and revenue in the coming periods.
Garmin Ltd.'s positive gross and operating margins highlight its profitability and operational efficiency. These strong margins demonstrate the company's ability to control costs while generating substantial revenue, contributing to a healthy financial performance.
With Garmin Ltd.'s forward EPS higher than its trailing EPS, the company is expected to be more profitable in the current financial year. This signals confidence in Garmin Ltd.'s growth potential, as improved earnings are forecasted compared to the prior year's performance.

Price projections:

Price projections for GRMN
Price projections for GRMN

Price projections for Garmin Ltd. have steadily increased, reflecting growing optimism about the company's future. This trend suggests that analysts believe Garmin Ltd. is well-positioned for continued success.

Insider Transactions:

Insider Transactions for GRMN
Insider Transactions for GRMN


16 Garmin Ltd. transactions were recorded, when the market price was 226.83363819122314.There were no sell transactions throughout the period under consideration.The recent trend of increased buying at GRMN's current price levels may indicate a favorable market sentiment. This could point to a positive outlook for the stock, as investors show growing confidence through higher buy activity.

Recommendation changes over time:

Recommendations trend for GRMN
Recommendations trend for GRMN


The recent sell bias from analysts on Garmin Ltd. suggests investors should be cautious. However, it's a good idea to base decisions on a broader range of market indicators to gain a more complete and accurate view of the stock's potential performance in the near term.