Headlines about Garmin (NASDAQ:GRMN) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Garmin earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 44.4402112699129 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
Shares of Garmin (NASDAQ:GRMN) traded up $0.54 during trading on Friday, reaching $61.96. The company’s stock had a trading volume of 1,483,300 shares, compared to its average volume of 1,100,000. Garmin has a 12-month low of $47.03 and a 12-month high of $63.15. The firm has a market capitalization of $11,620.00, a PE ratio of 16.88, a PEG ratio of 2.48 and a beta of 0.83.
Garmin (NASDAQ:GRMN) last announced its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The firm had revenue of $743.00 million during the quarter, compared to analysts’ expectations of $722.00 million. Garmin had a return on equity of 15.23% and a net margin of 22.65%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. equities analysts expect that Garmin will post 2.9 earnings per share for the current year.
GRMN has been the subject of a number of research reports. Zacks Investment Research raised Garmin from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Thursday, January 4th. ValuEngine raised Garmin from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub cut Garmin from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Tigress Financial reissued a “buy” rating on shares of Garmin in a research note on Friday, December 15th. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $58.00 price objective (up previously from $48.00) on shares of Garmin in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Garmin currently has an average rating of “Hold” and a consensus price target of $56.71.
In related news, insider Clifton A. Pemble sold 2,413 shares of Garmin stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $60.30, for a total transaction of $145,503.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Jonathan Burrell sold 253,000 shares of Garmin stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $59.29, for a total value of $15,000,370.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,057,923 shares of company stock worth $64,040,293. 18.30% of the stock is owned by insiders.
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Garmin Company Profile
Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.
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