Garmin Navigates to New High Before Earnings

armin Ltd. is a leading manufacturer of information-providing devices used for communication and navigation. The stock closed Friday, Feb. 16, at $65.21, up 9.5% year to date. The stock managed to avoid a full-fledged correction when it traded as low as $59.17 on Feb. 6. In fact, the stock set its all-time intraday high of $65.51 on Friday.

Analysts expect Garmin to deliver earnings per share of 75 cents when the company reports results before the opening bell on Wednesday, Feb. 21. Garmin is expected to report strong results in its marine, aviation and outdoor segments, but the company could show drags in its fitness and personal navigation devices. (See also: Garmin Unveils a New High-End Fitness Watch.)

 

Garmin is a strong stock getting stronger, with a favorable P/E ratio of 17.77 and a reasonable dividend yield of 3.13%. …read more

Read more here: Garmin Navigates to New High Before Earnings

Category: GRMN

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