Media coverage about Garmin (NASDAQ:GRMN) has trended positive this week, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Garmin earned a coverage optimism score of 0.28 on Alpha One’s scale. Alpha One also assigned media coverage about the company an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Alpha One Sentiment’s analysis:
- Contravisory Investment Management Increased Garmin LTD … – Key Gazette (kgazette.com)
- Analysts See $0.44 EPS for Garmin Ltd. (GRMN); Ecor1 Capital Has Raised Ironwood Pharmaceuticals (IRWD) Holding – Key Gazette (kgazette.com)
- Medtronic Syncs Garmin® Activity Tracker Data Directly into Remote Patient Monitoring Mobile Platform (finance.yahoo.com)
- Introducing the Garmin® vívosmart® 3, a smart activity tracker with wrist-based heart rate and new fitness, wellness monitoring tools (finance.yahoo.com)
- More than half of companies have or might get you a Fitbit discount (marketwatch.com)
GRMN has been the subject of a number of recent research reports. Zacks Investment Research lowered Garmin from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. KeyCorp restated an “equal weight” rating on shares of Garmin in a research note on Thursday, December 29th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Garmin in a research note on Thursday, February 23rd. Finally, Goldman Sachs Group Inc upgraded Garmin from a “sell” rating to a “neutral” rating and upped their target price for the company from $48.00 to $52.00 in a research note on Monday, March 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Garmin has a consensus rating of “Hold” and a consensus target price of $48.24.
Shares of Garmin (NASDAQ:GRMN) traded down 1.22% during mid-day trading on Thursday, reaching $48.69. The company’s stock had a trading volume of 1,049,248 shares. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 18.03 and a beta of 0.86. The firm has a 50 day moving average price of $51.45 and a 200 day moving average price of $50.00. Garmin has a 52-week low of $39.24 and a 52-week high of $56.19.
Garmin (NASDAQ:GRMN) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.15. The firm earned $861 million during the quarter, compared to the consensus estimate of $794.86 million. Garmin had a return on equity of 16.15% and a net margin of 17.24%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. On average, equities analysts predict that Garmin will post $2.65 EPS for the current fiscal year.
In other news, VP Andrew R. Etkind sold 6,524 shares of Garmin stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $54.57, for a total transaction of $356,014.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 18.30% of the company’s stock.
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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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