Zacks Research Issues Negative Forecast for Garmin Earnings

Garmin Ltd. (NYSE:GRMN) – Equities research analysts at Zacks Research decreased their Q1 2025 earnings estimates for Garmin in a research note issued on Wednesday, November 6th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will post earnings per share of $1.38 for the quarter, down from their previous estimate of $1.39. The consensus estimate for Garmin’s current full-year earnings is $6.89 per share. Zacks Research also issued estimates for Garmin’s Q2 2025 earnings at $1.66 EPS, Q3 2025 earnings at $1.65 EPS, Q4 2025 earnings at $2.06 EPS, FY2025 earnings at $6.74 EPS and Q1 2026 earnings at $1.51 EPS.

GRMN has been the subject of several other research reports. StockNews.com downgraded Garmin from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. Tigress Financial upped their price target on shares of Garmin from $210.00 to $215.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Barclays upped their price objective on shares of Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a report on Friday, November 1st. Finally, Morgan Stanley lowered shares of Garmin from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $155.00 to $138.00 in a research note on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Garmin has a consensus rating of “Hold” and a consensus price target of $162.67.

Garmin Trading Up 0.6 %

NYSE GRMN opened at $213.76 on Monday. The firm has a market cap of $41.05 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.23 and a beta of 0.97. Garmin has a 1-year low of $116.01 and a 1-year high of $214.83. The stock has a 50-day moving average of $177.47 and a 200-day moving average of $170.81.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.53. Garmin had a net margin of 25.48% and a return on equity of 17.99%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $1.41 EPS. The firm’s revenue was up 24.1% compared to the same quarter last year.

Insider Transactions at Garmin

In related news, Director Sean Biddlecombe sold 587 shares of Garmin stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $210.10, for a total transaction of $123,328.70. Following the completion of the transaction, the director now directly owns 6,147 shares of the company’s stock, valued at $1,291,484.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Sean Biddlecombe sold 587 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $210.10, for a total transaction of $123,328.70. Following the completion of the transaction, the director now owns 6,147 shares of the company’s stock, valued at $1,291,484.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cheng-Wei Wang sold 10,055 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was 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 directly owns 40,965 shares in the company, valued at $7,257,359.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,479 shares of company stock valued at $2,419,502 in the last three months. 19.54% of the stock is currently owned by company insiders.

Institutional Trading of Garmin

Institutional investors and hedge funds have recently bought and sold shares of the company. LBP AM SA grew its holdings in shares of 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 valued at $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 Garmin by 3.5% in the 1st 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 position in Garmin by 51.7% in the 1st quarter. Cetera Investment Advisers now owns 28,395 shares of the scientific and technical instruments company’s stock worth $4,227,000 after buying an additional 9,681 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Garmin by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 178,073 shares of the scientific and technical instruments company’s stock valued at $26,500,000 after acquiring an additional 7,553 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of Garmin during the 1st quarter valued at about $3,680,000. 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.