FY2025 Earnings Estimate for Garmin Issued By Zacks Research

Garmin Ltd. (NYSE:GRMN) – Analysts at Zacks Research lifted their FY2025 EPS estimates for Garmin in a note issued to investors on Wednesday, November 12th. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will earn $8.11 per share for the year, up from their prior estimate of $7.99. The consensus estimate for Garmin’s current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin’s Q1 2026 earnings at $1.65 EPS, Q2 2026 earnings at $2.12 EPS, Q3 2026 earnings at $2.14 EPS, Q4 2026 earnings at $2.44 EPS, FY2026 earnings at $8.35 EPS, Q2 2027 earnings at $2.47 EPS, Q3 2027 earnings at $2.67 EPS and FY2027 earnings at $9.12 EPS.

Garmin (NYSE:GRMN) last posted its earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.99. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Garmin had a return on equity of 19.42% and a net margin of 22.63%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.99 earnings per share. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS.

Other analysts also recently issued research reports about the stock. Barclays boosted their price objective on shares of Garmin from $167.00 to $208.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their price target on Garmin from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Tigress Financial upped their price target on shares of Garmin from $285.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on shares of Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $239.50.

Garmin Trading Down 0.4%

Shares of GRMN stock traded down $0.70 on Thursday, reaching $197.91. 107,269 shares of the stock were exchanged, compared to its average volume of 920,102. Garmin has a twelve month low of $169.26 and a twelve month high of $261.69. The company has a market capitalization of $38.06 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 2.41 and a beta of 1.01. The business’s 50 day moving average price is $236.92 and its 200 day moving average price is $222.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in Garmin by 47.1% in the third quarter. Bank of Montreal Can now owns 177,699 shares of the scientific and technical instruments company’s stock valued at $43,753,000 after acquiring an additional 56,893 shares during the period. Legal & General Group Plc lifted its position in Garmin by 4.8% in the 3rd quarter. Legal & General Group Plc now owns 1,180,254 shares of the scientific and technical instruments company’s stock valued at $290,602,000 after purchasing an additional 53,880 shares during the last quarter. Swiss National Bank boosted its stake in Garmin by 1.3% during the 3rd quarter. Swiss National Bank now owns 471,800 shares of the scientific and technical instruments company’s stock valued at $116,167,000 after purchasing an additional 5,900 shares during the period. Russell Investments Group Ltd. grew its position in Garmin by 19.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 305,655 shares of the scientific and technical instruments company’s stock worth $75,246,000 after purchasing an additional 49,826 shares during the last quarter. Finally, Inceptionr LLC bought a new position in Garmin in the 3rd quarter worth approximately $351,000. 81.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Garmin news, insider Cheng-Wei Wang sold 10,202 shares of Garmin stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $232.48, for a total transaction of $2,371,760.96. Following the sale, the insider directly owned 36,092 shares in the company, valued at $8,390,668.16. The trade was a 22.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 19.54% of the stock is currently owned by insiders.

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.