Garmin Ltd. (GRMN) Analysts See $0.75 EPS

October 14, 2018 - By Darrin Black

Garmin Ltd. (NASDAQ:GRMN) LogoInvestors sentiment increased to 1.31 in Q2 2018. Its up 0.52, from 0.79 in 2018Q1. It increased, as 18 investors sold Garmin Ltd. shares while 108 reduced holdings. 47 funds opened positions while 118 raised stakes. 75.52 million shares or 5.99% more from 71.26 million shares in 2018Q1 were reported.
Commercial Bank Of New York Mellon Corporation accumulated 1.41M shares. 376,148 are owned by Swiss Bancshares. D E Shaw Com owns 229,027 shares. 61,244 were accumulated by Voloridge Inv Mngmt Limited Liability Corp. State Of Alaska Department Of Revenue owns 48,050 shares. 34,120 are held by Perella Weinberg Prtnrs Cap Mngmt L P. 21,525 are held by Advsr. Avalon Advsrs Lc reported 0.34% in Garmin Ltd. (NASDAQ:GRMN). Us Retail Bank De owns 12,852 shares or 0% of their US portfolio. Ontario – Canada-based Comml Bank Of Montreal Can has invested 0.01% in Garmin Ltd. (NASDAQ:GRMN). Renaissance Techs Ltd Liability Co holds 0.05% or 786,388 shares in its portfolio. Virginia-based Thompson Davis & has invested 0.04% in Garmin Ltd. (NASDAQ:GRMN). King Luther Cap Mgmt Corporation holds 0.01% in Garmin Ltd. (NASDAQ:GRMN) or 13,730 shares. 52,182 are owned by Retirement System Of Alabama. Raymond James Na reported 3,362 shares or 0.01% of all its holdings.

Since April 17, 2018, it had 0 buys, and 31 insider sales for $381.52 million activity. The insider KAO MIN H sold 132,762 shares worth $8.44M. $1.09 million worth of stock was sold by PEMBLE CLIFTON A on Thursday, September 20. Another trade for 2,375 shares valued at $143,023 was sold by Huang Pao-Chang. $92,397 worth of Garmin Ltd. (NASDAQ:GRMN) shares were sold by Bartel Danny J. 3,884 shares were sold by Desbois Patrick, worth $252,460.

Analysts expect Garmin Ltd. (NASDAQ:GRMN) to report $0.75 EPS on November, 7.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.75 EPS. GRMN’s profit would be $141.60M giving it 20.86 P/E if the $0.75 EPS is correct. After having $0.99 EPS previously, Garmin Ltd.’s analysts see -24.24 % EPS growth. The stock decreased 0.60% or $0.38 during the last trading session, reaching $62.59. About 1.55M shares traded or 36.24% up from the average. Garmin Ltd. (NASDAQ:GRMN) has risen 31.61% since October 14, 2017 and is uptrending. It has outperformed by 15.99% the S&P500.

Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage

Among 2 analysts covering Garmin Ltd (NASDAQ:GRMN), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Garmin Ltd had 2 analyst reports since May 7, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, September 21 by Morgan Stanley. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Sell” rating given on Monday, May 7 by Credit Suisse.

Garmin Ltd., together with its subsidiaries, designs, develops, makes, markets, and distributes a range of navigation, communication, and information devices worldwide. The company has market cap of $11.82 billion. It operates through five divisions: Auto, Aviation, Marine, Outdoor, and Fitness. It has a 19.74 P/E ratio. The Auto segment offers personal navigation devices; infotainment solutions; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

More notable recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Bizjournals.com which released: “Fort Worth-based Bell partners with navigation giant to help make air taxi for Uber” on October 02, 2018, also Nasdaq.com with their article: “16 Stocks to Buy Before They Turn It Around” published on October 12, 2018, Seekingalpha.com published: “Morgan Stanley boosts Garmin’s target on Aviation potential” on September 21, 2018. More interesting news about Garmin Ltd. (NASDAQ:GRMN) were released by: Seekingalpha.com and their article: “Earnings picks from Morgan Stanley” published on October 09, 2018 as well as Schaeffersresearch.com‘s news article titled: “Garmin Unit Exposes Boat Owners; Stock Jumps on Trump Rumors” with publication date: October 08, 2018.

Garmin Ltd. (NASDAQ:GRMN) Ratings Chart

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