The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.272 by $0.138. Is Garmin overvalued? According to Wall Street analysts Garmin's price is currently Undervalued.
Why did Garmin stock go down?
Garmin's earnings were pressured by supply chain issues and rising costs. Gross profit margin slipped, and operating income fell to 24% of sales from 29% a year ago. Those trends imply weaker earnings ahead in the core holiday season.
Is Garmin a good stock to buy now?
6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Garmin stock.
Is Garmin stock overpriced?
The stock of Garmin (NAS:GRMN, 30-year Financials) is believed to be significantly overvalued, according to GuruFocus Value calculation. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance.
Is Garmin a publicly traded company?
WHERE IS GARMIN LISTED? Garmin stock is traded on the New York Stock Exchange under GRMN.Dec 8, 2000
Does Google own Garmin?
The Olathe, Kan. -based company issued a press release last Wednesday and that was about it. Garmin is used to flying under the radar. On Friday, the company agreed to sell itself to Google, a unit of Alphabet (GOOGL), for $2.1 billion.Nov 1, 2019
Who owns the most stock in Viacom?
Stockholder Stake Shares owned
-------------------------------- ------ ------------
The Vanguard Group, Inc. 10.29% 62,416,683
SSgA Funds Management, Inc. 5.38% 32,612,933
BlackRock Fund Advisors 5.03% 30,488,428
Susquehanna Financial Group LLLP 3.11% 18,885,651