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Garmin (GRMN -0.96%) has been riding a wave of success in recent years. Once thought of only as a provider of navigation devices, the company now has a loyal following of fitness-oriented consumers, athletes, outdoor enthusiasts, and professionals in the aviation and marine sectors.
Garmin's NYSE: GRMN Q4 results and 2025 guidance sent its shares to new highs because of broad-based strength centered in consumer products. Its fitness and outdoor segments led with high double-digit growth driven by demand for wearables across categories.
Garmin reported record revenue of $1.82B, a 40% EPS increase, and a 20% dividend hike, driven by strong product diversification and innovation. Competition in Fitness, persistent losses in Auto OEM, and soft demand in Marine pose potential headwinds, alongside geopolitical risks in Taiwan. The stock has surged 108.56% since November 2023, trading above historical valuation metrics, making it less attractive at current levels.
GRMN's fourth-quarter 2024 results reflect solid momentum across Outdoor, Fitness, Aviation, Marine and Auto OEM segments.
Garmin (GRMN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, GRMN broke through the 20-day moving average, which suggests a short-term bullish trend.
Major U.S. equities indexes posted gains that were enough to send the S&P 500 to another record high as investors shook off tariffs and watched corporate earnings.
Garmin (GRMN) surged higher after 4Q earnings surpassed Wall Street estimates. The company proposed raising its dividend by 20% to $3.60 per share.
The Investment Committee give you their top stocks to watch for the second half.
Garmin Ltd. (NYSE:GRMN ) Q4 2024 Earnings Conference Call February 19, 2025 10:30 AM ET Company Participants Teri Seck - Manager, IR Cliff Pemble - President, CEO & Director Doug Boessen - CFO & Treasurer Conference Call Participants Joseph Cardoso - J.P.
GPS device maker Garmin (GRMN 13.36%) has been a real winner for investors. After another stellar earnings report today, the stock has nearly doubled in the last 12 months.