Garmin (GRMN) Expected to Announce Earnings on Wednesday

Garmin (NYSE:GRMN) is expected to release 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 registering for the company’s earnings conference call can do so using this link.

Garmin Stock Performance

Garmin stock opened at $212.37 on Tuesday. Garmin has a 52-week low of $121.20 and a 52-week high of $223.33. The firm has a 50 day moving average price of $212.77 and a two-hundred day moving average price of $193.88. The firm has a market cap of $40.78 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.33 and a beta of 0.98.

Analysts Set New Price Targets

GRMN has been the subject of several analyst reports. Tigress Financial raised their price target on shares of Garmin from $215.00 to $265.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. Barclays lifted their price objective on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $171.00.

Insider Activity

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the sale, the chief financial officer now owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.54% of the stock is currently owned by company insiders.

About Garmin

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.