Zacks Research Comments on Garmin’s Q1 Earnings (NYSE:GRMN)

Garmin Ltd. (NYSE:GRMN) – Zacks Research cut their Q1 2025 earnings estimates for shares of Garmin in a research report issued on Wednesday, November 6th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will earn $1.38 per share for the quarter, down from their prior forecast 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.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, October 30th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.53. Garmin had a net margin of 25.48% and a return on equity of 17.99%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company posted $1.41 EPS. The company’s revenue was up 24.1% on a year-over-year basis.

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

Garmin Stock Performance

Shares of NYSE GRMN opened at $212.72 on Monday. Garmin has a 52-week low of $115.34 and a 52-week high of $214.62. The firm has a 50 day moving average price of $176.88 and a two-hundred day moving average price of $170.13. The stock has a market cap of $40.85 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 3.18 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. 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 lifted its position 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 valued at $25,861,000 after purchasing an additional 5,945 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Garmin by 51.7% during 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 purchasing an additional 9,681 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Garmin by 4.4% during the first 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 purchasing an additional 7,553 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Garmin during the first quarter valued at about $3,680,000. 73.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Cheng-Wei Wang sold 10,055 shares of the 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 directly owns 40,965 shares of the company’s stock, valued at $7,257,359.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Philip Straub sold 2,750 shares of Garmin stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $181.46, for a total transaction of $499,015.00. Following the completion of the transaction, the director now directly owns 88,622 shares in the company, valued at $16,081,348.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cheng-Wei Wang sold 10,055 shares of Garmin stock in a transaction dated 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 $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. Insiders have sold a total of 13,479 shares of company stock valued at $2,419,502 over the last ninety days. 19.54% of the stock is owned by corporate insiders.

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.