Garmin (NYSE:GRMN) Launches Revolutionary Hands-Free Kayak Fishing Trolling Motor

Yahoo

08-07-2025

Garmin saw a price movement of 24% over the last quarter, coinciding with the launch of the Force® Current, a trolling motor designed for kayak fishing. This innovative product, alongside the introduction of other new gadgets like the quatix® 8 smartwatch and the FAA Data Comm expansion, may have added weight to the company's broader market performance. The quarter also brought shareholder approval for a cash dividend and strong sales growth, reinforcing investor confidence. While market uncertainties prevailed, Garmin's strategic steps appeared to align well with broader market optimism, supported by solid earnings and consistent product innovation.
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The recent 24% share price movement for Garmin coincided with several product launches, such as the Force® Current trolling motor and the quatix® 8 smartwatch. These innovations have potential to boost revenue through increased demand in new and existing markets. As Garmin continues to expand services like Connect+, the revenue from subscription services may complement product sales, enhancing overall earnings. Garmin's focus on expanding its international presence with new aviation products could mitigate some trade risks, aligning with growth in EMEA and APAC regions. The longer-term five-year total return for investors was substantial at 148.46%, reflecting consistent growth and dividend contributions.
Over the past year, Garmin's shares outperformed the US Consumer Durables industry, which grew by just 4.2%. This relative strength, along with strong sales growth, likely contributed to investor confidence and supported the share price increase. The earnings forecast, predicting a rise to US$1.9 billion by 2028, reinforces the potential for growth, although challenges in trading and expenses could pose risks to margins. With the current share price at US$187.14, close to the consensus price target of US$198.44, the market participants appear to think the company may be fairly valued, suggesting a 5.7% potential upside. However, the valuation should be personally evaluated against individual expectations.
Examine Garmin's earnings growth report to understand how analysts expect it to perform.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NYSE:GRMN.
This article was originally published by Simply Wall St.
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