Garmin Ltd. (GRMN) has recently been the center of major financial and technological discussions. They have announced a dividend of
$0.75. Their
Q3 outcomes led to a significant increase in their guidance. Thus, their stock had an impressive rise during trading on Wednesday. Analysts forecast a promising future after their 46% EPS beat. Their recent SWOT analysis generated positive feedback, driving numerous asset holders to increase their stakes in the company. Notably, their Q3 2024 revenue reached
$1.59B largely led by sales in fitness, and they also surpassed estimates with a record-breaking
$2.07 EPS. They have consistently been outperforming their market competitors, leaving investors bullish on the stock's future prospects. Garmin also recently acquired
Lumishore, a leading player in marine LED lighting, showcasing their continuous strategic growth. Despite this uptrend, it's key to note some insiders disposing of their stock, FLA sell-offs due to full valuation, and mixed institutional ratings. Nevertheless, their resilience amid market dips and their consistent performance has kept their stock attractive to investors. Lastly, institutional shareholders continue to hold a significant stake in the company, reinforcing their market position.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 02 Nov 2024 08:15:41 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -6
