Garmin stock soars to all-time high of $236.84

Garmin Ltd . (NYSE:GRMN) shares have reached an unprecedented peak, touching an all-time high of $236.84. This milestone underscores a period of robust growth for the tech company, known for its GPS technology and wearable fitness trackers. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.11, supported by impressive revenue growth of 17.9% over the last twelve months. Over the past year, Garmin has seen its stock value surge by an impressive 78.8%, reflecting investor confidence and a strong market demand for its products. The company’s consistent innovation and expansion into new market segments have played a significant role in driving the stock to these record levels, signaling a healthy financial outlook for the future. While current valuations suggest the stock may be trading above its Fair Value, InvestingPro analysis reveals 14 additional investment tips and comprehensive metrics in their Pro Research Report, essential for making informed investment decisions.

In other recent news, Garmin reported fourth-quarter earnings and revenue that exceeded analyst expectations, leading to a positive response from investors. The company posted adjusted earnings per share of $2.41, surpassing the consensus estimate of $1.91 by 26%. Revenue for the quarter rose 23% year-over-year to $1.82 billion, beating projections of $1.65 billion. Garmin’s outlook for fiscal 2025 is also optimistic, with expected revenue of approximately $6.80 billion, above Wall Street’s forecast of $6.72 billion, and projected full-year pro forma earnings per share of around $7.80. The company experienced strong growth across all business segments, notably in fitness and outdoor, with revenues up 31% and 29% year-over-year, respectively. Garmin’s gross margin improved to 59.3% from 58.3% a year earlier. Additionally, the Board of Directors plans to recommend a 20% increase in the annual dividend to $3.60 per share. These developments reflect a year of significant growth and achievement for Garmin, as highlighted by its President and CEO, Cliff Pemble.

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