FY2025 Earnings Estimate for Garmin Issued By Zacks Research

Garmin Ltd. (NYSE:GRMN) – Analysts at Zacks Research raised their FY2025 earnings per share estimates for shares of Garmin in a research note issued to investors on Wednesday, November 12th. Zacks Research analyst Team now expects that the scientific and technical instruments company will post earnings per share of $8.11 for the year, up from their prior forecast 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 released its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.99. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. Garmin had a net margin of 22.63% and a return on equity of 19.42%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.99 earnings per share. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS.

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

Garmin Stock Performance

Shares of NYSE:GRMN traded down $0.70 during trading on Thursday, hitting $197.91. 107,269 shares of the stock were exchanged, compared to its average volume of 920,102. The company has a market capitalization of $38.06 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.41 and a beta of 1.01. Garmin has a 1-year low of $169.26 and a 1-year high of $261.69. The company’s fifty day simple moving average is $236.92 and its 200-day simple moving average is $222.27.

Insider Transactions at Garmin

In related news, insider Cheng-Wei Wang sold 10,202 shares of the company’s stock in a transaction dated 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 owned 36,092 shares in the company, valued at $8,390,668.16. This represents a 22.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.54% of the company’s stock.

Institutional Investors Weigh In On Garmin

Institutional investors have recently added to or reduced their stakes in the company. Quaker Wealth Management LLC raised its stake in shares of Garmin by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 264 shares during the period. Groupe la Francaise purchased a new position in shares of Garmin in the first quarter valued at about $33,000. Richardson Financial Services Inc. grew its position in shares of Garmin by 62.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 51 shares during the period. Zions Bancorporation National Association UT bought a new stake in Garmin in the first quarter worth $38,000. Finally, Cornerstone Planning Group LLC raised its position in Garmin by 788.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 142 shares during the last quarter. 81.60% of the stock is owned by institutional investors.

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.