Garmin (GRMN) to Release Earnings on Wednesday

Garmin (NYSE:GRMN - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect Garmin to post earnings of $1.62 per share and revenue of $1.50 billion for the quarter. Garmin has set its FY 2025 guidance at 7.800-7.800 EPS and its FY25 guidance at approx $7.80 EPS.

Garmin (NYSE:GRMN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.51. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.70 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. The firm's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. On average, analysts expect Garmin to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Garmin Stock Performance

GRMN traded up $0.14 on Monday, reaching $199.10. 102,756 shares of the company's stock were exchanged, compared to its average volume of 872,750. The company's 50 day moving average is $207.23 and its 200-day moving average is $205.99. Garmin has a twelve month low of $142.85 and a twelve month high of $246.50. The company has a market cap of $38.35 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.36 and a beta of 0.92.

Garmin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, March 13th. Garmin's dividend payout ratio is presently 49.25%.

Insider Transactions at Garmin

In other news, CEO Clifton A. Pemble sold 7,202 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $227.14, for a total value of $1,635,862.28. Following the transaction, the chief executive officer now owns 149,525 shares in the company, valued at $33,963,108.50. This represents a 4.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas G. Boessen sold 2,763 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $226.55, for a total transaction of $625,957.65. Following the transaction, the chief financial officer now owns 30,936 shares in the company, valued at approximately $7,008,550.80. This represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,342 shares of company stock valued at $5,486,094 in the last three months. 19.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Garmin stock. Brighton Jones LLC boosted its position in shares of Garmin Ltd. (NYSE:GRMN - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,943 shares of the scientific and technical instruments company's stock after acquiring an additional 463 shares during the period. Brighton Jones LLC's holdings in Garmin were worth $401,000 at the end of the most recent quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Garmin from $260.00 to $220.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Morgan Stanley raised shares of Garmin to a "sell" rating and increased their target price for the stock from $164.00 to $171.00 in a report on Tuesday, February 11th. Barclays boosted their price objective on Garmin from $158.00 to $188.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Finally, Tigress Financial raised their price target on shares of Garmin from $265.00 to $285.00 and gave the company a "strong-buy" rating in a research note on Wednesday, February 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $202.80.

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.