Zacks Research Analysts Raise Earnings Estimates for Garmin

Garmin Ltd. (NYSE:GRMN - Free Report) - Stock analysts at Zacks Research raised their Q1 2025 EPS estimates for shares of Garmin in a research report issued on Wednesday, March 5th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings per share of $1.53 for the quarter, up from their previous estimate of $1.38. The consensus estimate for Garmin's current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin's Q3 2025 earnings at $1.89 EPS, Q1 2026 earnings at $1.60 EPS, Q2 2026 earnings at $1.90 EPS, Q3 2026 earnings at $1.94 EPS, Q4 2026 earnings at $2.38 EPS, FY2026 earnings at $7.82 EPS and FY2027 earnings at $9.09 EPS.

A number of other equities research analysts have also recently commented on GRMN. Barclays lifted their price target on shares of Garmin from $158.00 to $188.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Tigress Financial lifted their price target on shares of Garmin from $265.00 to $285.00 and gave the stock a "strong-buy" rating in a report on Wednesday, February 26th. Morgan Stanley raised shares of Garmin to a "sell" rating and lifted their price target for the stock from $164.00 to $171.00 in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Garmin from $219.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $210.80.

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Garmin Trading Down 1.1 %

Shares of GRMN stock traded down $2.40 during trading hours on Friday, hitting $219.51. 1,082,724 shares of the company were exchanged, compared to its average volume of 866,565. The stock has a market capitalization of $42.23 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.36 and a beta of 0.96. The firm has a fifty day simple moving average of $216.28 and a 200 day simple moving average of $199.50. Garmin has a 52-week low of $138.86 and a 52-week high of $246.50.

Garmin (NYSE:GRMN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 EPS for the quarter, beating the consensus estimate 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%. The company's revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS.

Hedge Funds Weigh In On Garmin

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. raised its stake in shares of Garmin by 123.2% during the third quarter. Citigroup Inc. now owns 283,412 shares of the scientific and technical instruments company's stock valued at $49,889,000 after acquiring an additional 156,441 shares during the last quarter. Passumpsic Savings Bank bought a new position in shares of Garmin during the third quarter valued at about $3,137,000. Advisors Asset Management Inc. raised its stake in shares of Garmin by 24.2% during the third quarter. Advisors Asset Management Inc. now owns 17,529 shares of the scientific and technical instruments company's stock valued at $3,086,000 after acquiring an additional 3,415 shares during the last quarter. Diversified Trust Co bought a new position in Garmin in the fourth quarter worth about $734,000. Finally, Montrusco Bolton Investments Inc. raised its stake in Garmin by 42.5% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 431,188 shares of the scientific and technical instruments company's stock worth $88,937,000 after buying an additional 128,672 shares in the last quarter. 81.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Garmin

In other Garmin news, COO Patrick Desbois sold 6,911 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $227.15, for a total transaction of $1,569,833.65. Following the completion of the sale, the chief operating officer now directly owns 63,048 shares in the company, valued at $14,321,353.20. This represents a 9.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Douglas G. Boessen sold 1,761 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the sale, the chief financial officer now owns 27,612 shares of the company's stock, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,274 shares of company stock worth $5,242,686 over the last three months. Company insiders own 19.54% of the company's stock.

Garmin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.90 per share. The ex-dividend date is Friday, March 13th. This represents a $3.60 annualized dividend and a yield of 1.64%. Garmin's payout ratio is 41.04%.

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.