Zacks Research Issues Positive Forecast for Garmin Earnings

Garmin Ltd. (NYSE:GRMN - Free Report) - Zacks Research upped their Q2 2025 earnings estimates for Garmin in a research report issued to clients and investors on Wednesday, March 5th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings of $1.98 per share for the quarter, up from their prior estimate of $1.66. The consensus estimate for Garmin's current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin's Q4 2025 earnings at $2.41 EPS and FY2025 earnings at $7.80 EPS.

Garmin (NYSE:GRMN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.51. Garmin had a return on equity of 19.31% and a net margin of 22.42%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the previous year, the firm earned $1.72 EPS. The company's quarterly revenue was up 22.9% compared to the same quarter last year.

Several other brokerages also recently weighed in on GRMN. Morgan Stanley upgraded Garmin to a "sell" rating and upped their price objective for the stock from $164.00 to $171.00 in a research report on Tuesday, February 11th. Barclays raised their price target on shares of Garmin from $158.00 to $188.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of Garmin from $219.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Finally, Tigress Financial boosted their target price on shares of Garmin from $265.00 to $285.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $210.80.

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Garmin Price Performance

Shares of NYSE:GRMN opened at $219.51 on Monday. The company's 50 day simple moving average is $216.28 and its 200 day simple moving average is $199.65. Garmin has a 1 year low of $138.86 and a 1 year high of $246.50. The stock has a market capitalization of $42.23 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

Garmin Announces Dividend

The firm 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 dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 13th. Garmin's payout ratio is currently 41.04%.

Insider Transactions at Garmin

In related news, Director Matthew Munn sold 4,637 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $225.31, for a total value of $1,044,762.47. Following the transaction, the director now owns 11,450 shares in the company, valued at $2,579,799.50. The trade was a 28.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief financial officer now directly owns 27,612 shares in the company, valued at $5,743,019.88. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,274 shares of company stock worth $5,242,686. Company insiders own 19.54% of the company's stock.

Institutional Investors Weigh In On Garmin

Large investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH lifted its stake in Garmin by 45.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 23,640 shares of the scientific and technical instruments company's stock valued at $4,876,000 after buying an additional 7,414 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Garmin during the fourth quarter worth $39,748,000. Fidelity D & D Bancorp Inc. boosted its stake in Garmin by 13.2% during the fourth quarter. Fidelity D & D Bancorp Inc. now owns 1,857 shares of the scientific and technical instruments company's stock worth $383,000 after acquiring an additional 217 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in Garmin by 1.1% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 20,954 shares of the scientific and technical instruments company's stock worth $4,322,000 after purchasing an additional 222 shares during the period. Finally, Investment Management Corp VA ADV bought a new stake in Garmin in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 81.60% of the company's stock.

About Garmin

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.

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