Zacks Research Issues Negative Forecast for Garmin Earnings

Garmin Ltd. (NYSE:GRMN - Free Report) - Investment analysts at Zacks Research cut their Q2 2025 earnings estimates for shares of Garmin in a research report issued on Wednesday, May 14th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings of $1.94 per share for the quarter, down from their prior forecast of $1.98. The consensus estimate for Garmin's current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin's Q4 2025 earnings at $2.31 EPS and FY2025 earnings at $7.74 EPS.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Garmin from $220.00 to $215.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Barclays cut their target price on shares of Garmin from $188.00 to $152.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Tigress Financial lifted their price target on Garmin from $265.00 to $285.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley boosted their price objective on Garmin from $159.00 to $172.00 and gave the company an "underweight" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $194.80.

Garmin Stock Down 0.6%

Shares of GRMN traded down $1.21 during trading on Monday, reaching $203.69. The company's stock had a trading volume of 714,039 shares, compared to its average volume of 881,051. The company has a market cap of $39.22 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.36 and a beta of 0.99. The company has a fifty day moving average of $198.19 and a two-hundred day moving average of $208.64. Garmin has a twelve month low of $158.38 and a twelve month high of $246.50.

Garmin (NYSE:GRMN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The scientific and technical instruments company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.01). The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 earnings per share.

Institutional Trading of Garmin

Large investors have recently modified their holdings of the company. Montrusco Bolton Investments Inc. grew its position in Garmin by 42.5% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 431,188 shares of the scientific and technical instruments company's stock worth $88,937,000 after purchasing an additional 128,672 shares during the last quarter. Baskin Financial Services Inc. raised its stake in Garmin by 3.2% during the 4th quarter. Baskin Financial Services Inc. now owns 148,957 shares of the scientific and technical instruments company's stock valued at $30,724,000 after acquiring an additional 4,616 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Garmin by 47.2% during the fourth quarter. Savant Capital LLC now owns 9,075 shares of the scientific and technical instruments company's stock valued at $1,872,000 after purchasing an additional 2,910 shares during the period. Quantbot Technologies LP acquired a new position in Garmin during the 4th quarter valued at about $127,000. Finally, BankPlus Wealth Management LLC bought a new stake in Garmin during the fourth quarter worth approximately $668,000. Institutional investors and hedge funds own 81.60% of the company's stock.

Insider Activity

In related news, VP Susan Lyman sold 2,829 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $215.51, for a total transaction of $609,677.79. Following the completion of the transaction, the vice president now owns 8,432 shares in the company, valued at $1,817,180.32. The trade was a 25.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Patrick Desbois sold 6,911 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $227.15, for a total value of $1,569,833.65. Following the transaction, the chief operating officer now owns 63,048 shares of the company's stock, valued at approximately $14,321,353.20. The trade was a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,342 shares of company stock valued at $5,486,094. Company insiders own 15.38% of the company's stock.

Garmin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.90 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.77%. Garmin's payout ratio is currently 47.37%.

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.