Garmin (NYSE:GRMN) Releases FY 2025 Earnings Guidance

Garmin (NYSE:GRMN - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.800-7.800 for the period, compared to the consensus earnings per share estimate of 7.740. The company issued revenue guidance of $6.8 billion-$6.8 billion, compared to the consensus revenue estimate of $6.7 billion. Garmin also updated its FY25 guidance to approx $7.80 EPS.

Garmin Trading Down 1.9 %

Garmin stock traded down $4.34 during midday trading on Friday, reaching $224.67. 1,000,400 shares of the stock traded hands, compared to its average volume of 822,602. The firm has a fifty day moving average price of $213.24 and a two-hundred day moving average price of $195.07. The firm has a market cap of $43.14 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 1.44 and a beta of 0.98. Garmin has a fifty-two week low of $131.20 and a fifty-two week high of $246.50.

Garmin (NYSE:GRMN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.51. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.70 billion. Garmin had a net margin of 22.42% and a return on equity of 19.31%. Garmin's revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. Analysts anticipate that Garmin will post 7.8 earnings per share for the current year.

Garmin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, March 13th. Garmin's dividend payout ratio is currently 41.04%.

Wall Street Analysts Forecast Growth

GRMN has been the topic of a number of research reports. Tigress Financial boosted their target price on shares of Garmin from $215.00 to $265.00 and gave the stock a "strong-buy" rating in a report on Monday, December 16th. Morgan Stanley upgraded shares of Garmin to a "sell" rating and boosted their price target for the company from $164.00 to $171.00 in a report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of Garmin from $219.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Barclays boosted their target price on shares of Garmin from $158.00 to $188.00 and gave the stock an "underweight" rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Garmin presently has an average rating of "Hold" and a consensus target price of $195.67.

Insider Buying and Selling

In related news, CFO Douglas G. Boessen sold 1,761 shares of the company's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the transaction, the chief financial officer now directly owns 27,612 shares in the company, valued at $5,743,019.88. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.54% of the stock is owned by insiders.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.