Garmin Ltd. has announced its first quarter 2024 results, outperforming the market and maintaining a steady stock performance. An upcoming dividend is also being considered. Retirement Systems of Alabama has significant holdings in Garmin Ltd., with many shares bought by large investors. The company has shown a robust 5-year EBITDA growth rate and International Assets Investment Management LLC has purchased numerous shares. Garmin has launched a new fitness wearable for kids and New York Life Investment Management LLC has sold its shares. The company's financial strength is evident, and its stock has consistently outperformed competitors. The company's Q1 2024 earnings call transcript has been released and its ROE impressive. Its shares are currently at a 12-month high after beating earning and sales estimates. Garmin's Marine Portfolio has been expanded with a new smartwatch, and its dividend is set to increase following a successful Q1. It has been recognized for a consecutive 9th year by Embraer as their best supplier. Despite having detractors, Garmin has surpassed revenue and earning estimates and continues to drive towards new highs. Future forecasts and strategic SWOT insights hint at further growth and innovation, even though institutional shareholders control 56% of the company. A general counsel transition and sell-offs by executives have taken place, but performance remains strong.
Garmin Ltd GRMN News Analytics from Thu, 14 Sep 2023 07:00:00 GMT to Thu, 09 May 2024 03:45:11 GMT -
Rating 8
- Innovation 7
- Information 10
- Rumor -3
