A company with a favorable efficiency level is expected to provide stellar returns as it is believed to be positively correlated with price performance. In fact, efficiency level, which measures a company’s capability to transform available input into output, is often considered an important parameter for gauging its potential to make profits.However, at times, it becomes difficult to measure the efficiency level of a company. This is why one must consider popular efficiency ratios while selecting stocks.Th ...

Key PointsGarmin is a leading provider of GPS and smartwatch fitness trackers.The company posted record first-quarter revenues in its Fitness, Outdoors, Aviation, and Marine segments and reaffirmed full-year 2024 guidance.At its annual meeting on June 7, 2024, Garmin will vote on a $3.00 annual cash dividend paid out in equal quarterly distributions.5 stocks we like better than GarminGarmin Ltd. NYSE: GRMN launched in 1989 with the sole focus of providing GPS devices for consumers. Years later, the advent o ...

Fourth annual awards program recognizes the world's most innovative solutions that successfully integrate Garmin wearable technology into health and wellness programsOLATHE, Kan., May 7, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced a global call for entries for its 2024 Garmin Health Awards, celebrating the world's most innovative solutions that successfully leverage the power of Garmin technology into health and wellness programs. This year, Garmin will unveil a refreshed format for the Garmin ...

Have you looked into how Garmin (GRMN) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this maker of personal navigation devices, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now pl ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 6th:Smurfit Kappa Group Plc (SMFKY) : This manufacturer of containerboard, corrugated containers, and other paper-based packaging products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 3.9%, compared with the industry average of 1.4%.Levi Strauss & Co. (LEVI) : This seller of apparels and ...

Garmin Ltd. (GRMN) has reported first-quarter 2024 pro-forma earnings of $1.42 per share, beating the Zacks Consensus Estimate by 42%. The bottom line improved on a year-over-year basis.Net sales were $1.38 billion, which surpassed the Zacks Consensus Estimate of $1.24 billion. The figure increased 20% from the year-ago quarter.Year-over-year growth in the top line was attributed to strength in the Fitness and Auto OEM segments. The growing Outdoor and Marine segments contributed well.Shares of Garmin have ...

Garmin's sales soared by 20% year over year in the first quarter.Garmin (GRMN 12.05%) reported its first-quarter earnings today and investors saw a lot to like. The maker of wearables, activity trackers, and other high-tech outdoor adventure devices saw sales soar 20% compared to last year's first quarter.Investors jumped into the stock in response. Garmin stock had already moved higher by nearly 50% over the last year, and it jumped by another 11.7% today, as of 11:15 a.m. ET.Garmin stock keeps runningGarm ...

For the quarter ended March 2024, Garmin (GRMN) reported revenue of $1.38 billion, up 20.4% over the same period last year. EPS came in at $1.42, compared to $1.02 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of +11.63%. The company delivered an EPS surprise of +42.00%, with the consensus EPS estimate being $1.00.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Garmin (GRMN) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42%. A quarter ago, it was expected that this maker of personal navigation devices would post earnings of $1.40 per share when it actually produced earnings of $1.72, delivering a surprise of 22.86%.Over the last four quarters ...

Financial Performance - Consolidated revenue reached $1.38 billion, a 20% increase year-over-year[4] - Operating income was $298 million, reflecting a 51% increase compared to the prior year[4] - GAAP diluted EPS was $1.43, representing a 36% increase year-over-year, while pro forma diluted EPS was $1.42, a 39% increase[4] - Total operating expenses were $504 million, an 11% increase over the prior year[11] - Net income for the first quarter of 2024 was $275,961, up from $202,327 in the first quarter of 2023, reflecting a year-over-year increase of 36%[27] - Operating income for the total segment in Q1 2024 was $298,410, compared to $196,982 in Q1 2023, reflecting a 51% increase[29] Segment Performance - Fitness segment revenue increased by 40% to $342.9 million, driven by strong demand for advanced wearables[6] - Outdoor segment revenue grew by 11% to $366.2 million, with operating income of $107 million[7] - Aviation segment revenue rose by 2% to $216.9 million, with operating income of $52 million[8] - Marine segment revenue increased by 17% to $326.7 million, primarily due to the acquisition of JL Audio[9] - Auto OEM segment revenue surged by 58% to $129 million, although it recorded an operating loss of $16 million[10] Cash Flow and Assets - Free cash flow for the 13 weeks ended March 30, 2024, was $402,137, compared to $232,396 for the same period in 2023, indicating a significant increase of 73%[39] - Cash and cash equivalents at the end of the period were $1,922,474, up from $1,362,321 at the end of Q1 2023[27] - Total assets increased to $8,633,880 in Q1 2024, compared to $8,603,569 in Q1 2023, reflecting a modest growth of 0.35%[25] Sales Performance - Total net sales for the 13 weeks ended March 30, 2024, were $1,381,649, representing a 20% increase compared to $1,147,424 for the same period in 2023[31] - The Americas region saw net sales of $716,116 in Q1 2024, a 17% increase from $611,704 in Q1 2023[31] - EMEA region net sales increased by 30% to $463,384 in Q1 2024, up from $355,853 in Q1 2023[31] Guidance - The company maintained its 2024 revenue guidance at approximately $5.75 billion and pro forma EPS at $5.40[14] Liabilities - Total current liabilities decreased to $1,117,386 in Q1 2024 from $1,310,687 in Q1 2023, showing a reduction of approximately 15%[25]