Several important updates about Garmin Ltd. GRMN have unfolded. It detailed a quarterly dividend of $0.75 and introduced the new Force Pro trolling motor. Despite recent insider selling, the company's stock witnessed a strong momentum, and Zacks Research's earnings forecast appeared promising. The company surpassed Q4 earnings per share (EPS) by 50c, also raising its price target to $285 at Tigress Financial Partners. Meeting record revenue and robust growth, GRMN continues to introduce innovative offerings as the GFC 600H flight control system for Airbus H130 helicopters, and the Descent G2 watch-style dive computer. GRMN also successfully crossed the 20-Day Moving Average. Institutional owners, possessing 58% of shares, have high stakes in GRMN's financial outcome. Factoring in potential undervaluation, owning Garmin might be an ideal long-term growth strategy. The company, after delivering a strong earnings report and forecasting further yields for Q4, experienced a surge in stocks. Despite a decrease in profit, GRMN excelled in an EPS beat. Robust sales led the post-earning stocks to reach an all-time high. Lumishore's acquisition by GRMN, a leader in marine LED lighting, further extends its portfolio. However, insider selling manifested as CEO Clifton Pemble and CFO Douglas Boessen offloaded stakes.
Garmin Ltd GRMN News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 08 Mar 2025 06:40:14 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor 7
