Q1 2025 EPS Estimates for Garmin Ltd. (NYSE:GRMN) Lifted by Zacks Research

Garmin Ltd. (NYSE:GRMN - Free Report) - Equities research analysts at Zacks Research increased their Q1 2025 EPS estimates for Garmin in a research report issued on Wednesday, May 15th. Zacks Research analyst S. Mete now expects that the scientific and technical instruments company will earn $1.40 per share for the quarter, up from their prior estimate of $1.15. The consensus estimate for Garmin's current full-year earnings is $5.58 per share. Zacks Research also issued estimates for Garmin's Q3 2025 earnings at $1.77 EPS, Q4 2025 earnings at $2.00 EPS, FY2025 earnings at $6.70 EPS, Q1 2026 earnings at $2.02 EPS and FY2026 earnings at $8.80 EPS.

Garmin (NYSE:GRMN - Get Free Report) last released its earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.42. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Garmin had a net margin of 24.96% and a return on equity of 17.26%. The business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 EPS.

GRMN has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their price target on shares of Garmin from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, May 2nd. Barrington Research increased their price target on Garmin from $119.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 22nd. Tigress Financial increased their price target on shares of Garmin from $175.00 to $210.00 and gave the stock a "strong-buy" rating in a research report on Tuesday. Barclays raised their price target on shares of Garmin from $140.00 to $166.00 and gave the company an "equal weight" rating in a research note on Thursday, May 2nd. Finally, Bank of America upped their price objective on Garmin from $120.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $159.33.

Garmin Stock Up 0.6 %

Shares of Garmin stock traded up $0.96 during trading on Friday, reaching $170.94. 525,774 shares of the company were exchanged, compared to its average volume of 925,813. The business has a 50-day moving average price of $150.88 and a 200-day moving average price of $133.44. The firm has a market capitalization of $32.83 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 5.45 and a beta of 0.99. Garmin has a twelve month low of $99.61 and a twelve month high of $171.47.

Garmin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.76%. Garmin's payout ratio is currently 41.18%.

Insider Activity at Garmin

In other Garmin news, Director Jonathan Burrell sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $148.89, for a total value of $2,233,350.00. Following the transaction, the director now owns 653,834 shares in the company, valued at $97,349,344.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Susan Lyman sold 2,587 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $135.18, for a total transaction of $349,710.66. Following the transaction, the vice president now owns 7,174 shares of the company's stock, valued at approximately $969,781.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Burrell sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $148.89, for a total transaction of $2,233,350.00. Following the completion of the transaction, the director now directly owns 653,834 shares of the company's stock, valued at $97,349,344.26. The disclosure for this sale can be found here. Insiders have sold 99,476 shares of company stock worth $14,166,944 in the last quarter. Company insiders own 19.54% of the company's stock.

Hedge Funds Weigh In On Garmin

A number of large investors have recently modified their holdings of the company. iA Global Asset Management Inc. lifted its stake in Garmin by 328.3% in the 1st quarter. iA Global Asset Management Inc. now owns 9,894 shares of the scientific and technical instruments company's stock worth $1,473,000 after purchasing an additional 7,584 shares in the last quarter. LBP AM SA raised its stake in Garmin by 81.4% in the first quarter. LBP AM SA now owns 7,284 shares of the scientific and technical instruments company's stock valued at $1,084,000 after purchasing an additional 3,268 shares in the last quarter. Tidal Investments LLC lifted its position in Garmin by 7.2% during the first quarter. Tidal Investments LLC now owns 11,553 shares of the scientific and technical instruments company's stock valued at $1,719,000 after purchasing an additional 780 shares during the last quarter. California State Teachers Retirement System grew its stake in Garmin by 1.3% in the 1st quarter. California State Teachers Retirement System now owns 252,252 shares of the scientific and technical instruments company's stock worth $37,553,000 after buying an additional 3,317 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its holdings in shares of Garmin by 11.5% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 4,178 shares of the scientific and technical instruments company's stock worth $622,000 after buying an additional 430 shares during the last quarter. 73.41% of the stock is currently 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.