Zacks Research Has Negative Forecast for Garmin Q1 Earnings

Garmin Ltd. (NYSE:GRMN - Free Report) - Investment analysts at Zacks Research reduced their Q1 2025 earnings per share estimates for shares of Garmin in a research note issued on Wednesday, November 6th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings per share of $1.38 for the quarter, down from their previous estimate of $1.39. The consensus estimate for Garmin's current full-year earnings is $6.89 per share. Zacks Research also issued estimates for Garmin's Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.65 EPS, Q4 2025 earnings at $2.06 EPS, FY2025 earnings at $6.74 EPS and Q1 2026 earnings at $1.51 EPS.

Garmin (NYSE:GRMN - Get Free Report) last released its earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.46 by $0.53. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.44 billion. Garmin had a return on equity of 17.99% and a net margin of 25.48%. The company's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 earnings per share.

Several other research analysts have also recently issued reports on the company. Morgan Stanley cut Garmin from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $155.00 to $138.00 in a research report on Monday, October 7th. Barclays boosted their price objective on shares of Garmin from $133.00 to $158.00 and gave the company an "underweight" rating in a research report on Friday, November 1st. StockNews.com cut Garmin from a "buy" rating to a "hold" rating in a research report on Thursday, September 12th. Finally, Tigress Financial increased their target price on shares of Garmin from $210.00 to $215.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $162.67.

Garmin Price Performance

NYSE GRMN traded up $1.24 during trading hours on Monday, hitting $213.96. The company's stock had a trading volume of 250,057 shares, compared to its average volume of 856,495. Garmin has a 12 month low of $116.01 and a 12 month high of $214.83. The company's 50 day simple moving average is $176.88 and its two-hundred day simple moving average is $170.32. The company has a market cap of $41.08 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 3.23 and a beta of 0.97.

Insider Activity

In other Garmin news, insider Cheng-Wei Wang sold 10,055 shares of Garmin stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $177.16, for a total transaction of $1,781,343.80. Following the completion of the sale, the insider now owns 40,965 shares of the company's stock, valued at approximately $7,257,359.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Cheng-Wei Wang sold 10,055 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $177.16, for a total transaction of $1,781,343.80. Following the sale, the insider now owns 40,965 shares of the company's stock, valued at $7,257,359.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Philip Straub sold 2,750 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $181.46, for a total value of $499,015.00. Following the completion of the transaction, the director now directly owns 88,622 shares of the company's stock, valued at $16,081,348.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,479 shares of company stock worth $2,419,502 over the last 90 days. 19.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Garmin

Hedge funds have recently modified their holdings of the company. Select Equity Group L.P. lifted its stake in Garmin by 0.6% during the second quarter. Select Equity Group L.P. now owns 2,006,563 shares of the scientific and technical instruments company's stock worth $326,909,000 after purchasing an additional 11,666 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Garmin by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,735,623 shares of the scientific and technical instruments company's stock valued at $282,761,000 after acquiring an additional 13,968 shares in the last quarter. Boston Partners grew its stake in Garmin by 4.3% during the 1st quarter. Boston Partners now owns 1,416,130 shares of the scientific and technical instruments company's stock worth $210,799,000 after purchasing an additional 58,343 shares in the last quarter. Marshall Wace LLP grew its position in shares of Garmin by 34.0% during the second quarter. Marshall Wace LLP now owns 1,098,443 shares of the scientific and technical instruments company's stock worth $178,958,000 after buying an additional 278,990 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Garmin by 20.2% during the first quarter. Captrust Financial Advisors now owns 839,537 shares of the scientific and technical instruments company's stock worth $124,982,000 after buying an additional 141,001 shares during the period. Hedge funds and other institutional investors own 73.41% of the company's stock.

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.