Garmin Ltd (NYSE:GRMN) has a beta value of 0.99 and has seen 0.94 million shares traded in the recent trading session. The company, currently valued at $31.04B, closed the recent trade at $161.61 per share which meant it gained $17.14 on the day or 11.86% during that session. The GRMN stock price is 7.47% off its 52-week high price of $149.54 and 40.73% above the 52-week low of $95.79. The 3-month trading volume is 999.25K shares.
Garmin Ltd (NYSE:GRMN) trade information
Sporting 11.86% in the green today, the stock has traded in the green over the last five days, when the GRMN stock price touched $161.61 or saw a rise of 0.23%. Year-to-date, Garmin Ltd shares have moved 25.73%, while the 5-day performance has seen it change 13.18%. Over the past 30 days, the shares of Garmin Ltd (NYSE:GRMN) have changed 10.89%.
Garmin Ltd (GRMN) estimates and forecasts
Figures show that Garmin Ltd shares have underperformed across the wider relevant industry. The company’s shares have gained 59.57% over the past 6 months, with this year growth rate of -2.50%, compared to 4.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -1.00% and -2.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 9.70%.
3 analysts offering their estimates for the company have set an average revenue estimate of $1.25 billion for the current quarter. 3 have an estimated revenue figure of $1.44 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.15 billion and $1.32 billion respectively for this quarter and the next, and analysts expect sales will grow by 9.00% for the current quarter and 9.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 12.90% over the past 5 years. Earnings growth for 2024 is a modest -2.63% while over the next 5 years, the company’s earnings are expected to increase by 5.60%.
GRMN Dividends
Garmin Ltd is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.92 at a share yield of 1.81%. The company’s dividend yield has gone up over the past 12 months.
