Zacks Research Issues Negative Forecast for Garmin Earnings

Garmin Ltd. (NYSE:GRMN) – Equities research analysts at Zacks Research lowered their Q2 2025 EPS estimates for shares of Garmin in a report issued on Wednesday, May 14th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings per share of $1.94 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.

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

Several other analysts have also recently issued reports on GRMN. Barclays lowered their price objective on shares of Garmin from $188.00 to $152.00 and set an “underweight” rating for the company in a research note on Wednesday, April 30th. Tigress Financial boosted their price objective 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. Morgan Stanley boosted their price objective on shares of Garmin from $159.00 to $172.00 and gave the company an “underweight” rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Garmin from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Three equities research 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. According to data from MarketBeat.com, Garmin presently has an average rating of “Hold” and a consensus target price of $194.80.

Garmin Stock Down 0.2%

Shares of NYSE GRMN opened at $204.90 on Monday. Garmin has a 52-week low of $158.38 and a 52-week high of $246.50. The firm has a fifty day moving average of $198.19 and a 200-day moving average of $208.64. The stock has a market capitalization of $39.45 billion, a PE ratio of 28.03, a P/E/G ratio of 1.36 and a beta of 0.99.

Garmin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, March 13th. This represents a $3.60 annualized dividend and a dividend yield of 1.76%. Garmin’s payout ratio is 47.37%.

Insider Activity at Garmin

In other Garmin news, COO Patrick Desbois sold 6,911 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $14,321,353.20. The trade was a 9.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Douglas G. Boessen sold 2,763 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $226.55, for a total transaction of $625,957.65. Following the completion of the transaction, the chief financial officer now owns 30,936 shares in the company, valued at $7,008,550.80. This represents a 8.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,342 shares of company stock worth $5,486,094. 15.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Garmin

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Garmin in the 4th quarter valued at about $396,184,000. GAMMA Investing LLC raised its stake in shares of 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 in the last quarter. AQR Capital Management LLC raised its stake in shares of 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. Congress Asset Management Co. raised its stake in shares of Garmin by 673.4% in the 1st quarter. Congress Asset Management Co. now owns 441,318 shares of the scientific and technical instruments company’s stock valued at $95,823,000 after purchasing an additional 384,258 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Garmin in the 1st quarter valued at about $78,900,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

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.