Zacks Research Estimates Garmin’s Q2 Earnings (NYSE:GRMN)

Garmin Ltd. (NYSE:GRMN) – Equities researchers at Zacks Research dropped their Q2 2026 earnings per share (EPS) estimates for shares of Garmin in a research report issued to clients and investors on Tuesday, October 22nd. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings per share of $1.67 for the quarter, down from their prior forecast of $1.69. The consensus estimate for Garmin’s current full-year earnings is $6.08 per share.

Garmin (NYSE:GRMN) last released its quarterly earnings data on Wednesday, July 31st. The scientific and technical instruments company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.42 billion. Garmin had a return on equity of 17.09% and a net margin of 24.36%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share.

A number of other brokerages have also recently weighed in on GRMN. StockNews.com cut Garmin from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Barclays cut Garmin from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $181.00 to $133.00 in a research report on Friday, September 13th. Morgan Stanley downgraded Garmin from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $155.00 to $138.00 in a report on Monday, October 7th. Finally, Tigress Financial boosted their price objective on shares of Garmin from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $158.50.

Garmin Trading Up 0.2 %

GRMN stock opened at $161.93 on Friday. The firm has a market cap of $31.10 billion, a PE ratio of 22.84, a PEG ratio of 2.85 and a beta of 0.99. Garmin has a 1 year low of $99.61 and a 1 year high of $184.42. The company has a fifty day simple moving average of $173.50 and a 200 day simple moving average of $166.08.

Insider Activity

In related news, insider Cheng-Wei Wang sold 10,055 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $177.16, for a total transaction of $1,781,343.80. Following the transaction, the insider now owns 40,965 shares of the company’s stock, valued at approximately $7,257,359.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Garmin news, Director Philip Straub sold 2,750 shares of Garmin stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $181.46, for a total transaction of $499,015.00. Following the sale, the director now directly owns 88,622 shares of the company’s stock, valued at approximately $16,081,348.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cheng-Wei Wang sold 10,055 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $177.16, for a total value of $1,781,343.80. Following the completion of the sale, the insider now owns 40,965 shares in the company, valued at approximately $7,257,359.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,892 shares of company stock valued at $2,296,174. 19.54% of the stock is owned by company insiders.

Institutional Trading of Garmin

Several institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in shares of Garmin during the first quarter valued at $1,389,000. LBP AM SA grew its stake in Garmin by 81.4% during the first quarter. LBP AM SA now owns 7,284 shares of the scientific and technical instruments company’s stock worth $1,084,000 after buying an additional 3,268 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Garmin by 3.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 173,715 shares of the scientific and technical instruments company’s stock worth $25,861,000 after buying an additional 5,945 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Garmin by 51.7% in the first quarter. Cetera Investment Advisers now owns 28,395 shares of the scientific and technical instruments company’s stock valued at $4,227,000 after acquiring an additional 9,681 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Garmin by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 178,073 shares of the scientific and technical instruments company’s stock worth $26,500,000 after acquiring an additional 7,553 shares in the last quarter. Institutional investors and hedge funds own 73.41% 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.