Garmin (GRMN) Set to Announce Earnings on Wednesday
Garmin (NASDAQ:GRMN) is set to post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect Garmin to post earnings of $0.76 per share for the quarter.
Garmin (NASDAQ GRMN) opened at $62.43 on Wednesday. The stock has a market capitalization of $11,710.00, a PE ratio of 17.01, a P/E/G ratio of 2.48 and a beta of 0.94. Garmin has a fifty-two week low of $48.50 and a fifty-two week high of $64.96.
In other Garmin news, EVP Philip Straub sold 2,453 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $61.91, for a total transaction of $151,865.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jonathan Burrell sold 254,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $62.45, for a total value of $15,862,300.00. The disclosure for this sale can be found here. Insiders sold a total of 257,208 shares of company stock worth $16,060,069 in the last three months. 18.30% of the stock is currently owned by company insiders.
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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