FY2025 Earnings Estimate for Garmin Issued By Zacks Research

Key Points

• Zacks Research raised its FY2025 earnings per share (EPS) estimate for Garmin to $7.99, up from $7.74, while the consensus estimate is currently at $7.80.
• Garmin's dividend of $0.90 per share will be paid on September 26th, reflecting an annualized yield of 1.5% and a payout ratio of 44.39%.
• Despite recent stock fluctuations, Garmin's shares were reported at $233.91 with a market cap of $45.02 billion and a P/E ratio of 28.84.

Garmin Ltd. (NYSE:GRMN - Free Report) - Stock analysts at Zacks Research raised their FY2025 EPS estimates for shares of Garmin in a report released on Wednesday, August 13th. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will earn $7.99 per share for the year, up from their prior forecast of $7.74. The consensus estimate for Garmin's current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin's Q2 2027 earnings at $2.43 EPS and FY2027 earnings at $8.83 EPS.

Garmin (NYSE:GRMN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.27. Garmin had a net margin of 23.21% and a return on equity of 20.00%. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The business's revenue was up 20.4% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Garmin from $172.00 to $186.00 and gave the company an "underweight" rating in a research note on Thursday, July 31st. Barclays reaffirmed an "underweight" rating and issued a $167.00 target price (up from $152.00) on shares of Garmin in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on Garmin from $215.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $222.00.

Garmin Stock Up 0.1%

GRMN stock traded up $0.15 during trading on Friday, hitting $232.49. The company had a trading volume of 465,667 shares, compared to its average volume of 885,889. The firm has a market cap of $44.75 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 2.59 and a beta of 0.99. The firm has a 50-day moving average price of $218.60 and a 200-day moving average price of $210.14. Garmin has a 1-year low of $160.94 and a 1-year high of $246.50.

Garmin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.5%. Garmin's dividend payout ratio (DPR) is presently 44.39%.

Insider Activity

In related news, CEO Clifton A. Pemble sold 7,899 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $203.25, for a total value of $1,605,471.75. Following the sale, the chief executive officer owned 141,626 shares of the company's stock, valued at approximately $28,785,484.50. This represents a 5.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas G. Boessen sold 1,859 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $215.00, for a total value of $399,685.00. Following the sale, the chief financial officer owned 29,146 shares in the company, valued at approximately $6,266,390. This trade represents a 6.00% decrease in their position. The disclosure for this sale can be found here. 15.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Garmin

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Garmin during the second quarter valued at $410,304,000. Vanguard Group Inc. increased its position in Garmin by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 19,698,329 shares of the scientific and technical instruments company's stock worth $4,111,435,000 after purchasing an additional 1,273,163 shares in the last quarter. GAMMA Investing LLC raised its stake in Garmin by 25,047.9% in the 1st quarter. GAMMA Investing LLC now owns 885,456 shares of the scientific and technical instruments company's stock valued at $192,259,000 after purchasing an additional 881,935 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Garmin by 79.3% in the 1st quarter. AQR Capital Management LLC now owns 1,585,170 shares of the scientific and technical instruments company's stock valued at $340,574,000 after purchasing an additional 700,967 shares in the last quarter. Finally, Amundi lifted its holdings in Garmin by 138.0% in the 2nd quarter. Amundi now owns 1,158,702 shares of the scientific and technical instruments company's stock valued at $247,255,000 after purchasing an additional 671,859 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

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.