Key Focus for Garmin Investors

By Harris Dyer • Friday, April 04 09:54 • Permanent Link

One of the losers of today's trading session was Garmin. Shares of the Farm & heavy construction machinery company plunged -3.8%, and some investors may be wondering if its price of $178.23 would make a good entry point. Here's what you should know if you are considering this investment:

Garmin has moved 25.6% over the last year, and the S&P 500 logged a change of 3.7%
GRMN has an average analyst rating of hold and is -16.15% away from its mean target price of $212.57 per share
Its trailing earnings per share (EPS) is $7.3
Garmin has a trailing 12 month Price to Earnings (P/E) ratio of 24.4 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $7.46 and its forward P/E ratio is 23.9
The company has a Price to Book (P/B) ratio of 4.37 in contrast to the S&P 500's average ratio of 4.74
Garmin is part of the Industrials sector, which has an average P/E ratio of 25.42 and an average P/B of 3.2
GRMN has reported YOY quarterly earnings growth of -20.1% and gross profit margins of 0.6%
The company has a free cash flow of $977.27 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. The company offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; 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, 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 communication device; and Dive devices. In addition, the company 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 products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, audio products, digital switching products, trolling motors, and lighting products; and domain controllers and infotainment units, as well as software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.