Research Analysts Offer Predictions for Garmin Q2 Earnings

Garmin Ltd. (NYSE:GRMN) – Equities research analysts at Zacks Research increased their Q2 2025 earnings per share (EPS) estimates for shares of Garmin in a research note issued to investors on Wednesday, March 5th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings of $1.98 per share for the quarter, up from their prior estimate of $1.66. 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 $2.41 EPS and FY2025 earnings at $7.80 EPS.

GRMN has been the topic of several other reports. Tigress Financial boosted their price target on shares of Garmin from $265.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 26th. Morgan Stanley upgraded Garmin to a “sell” rating and boosted their target price for the stock from $164.00 to $171.00 in a research note on Tuesday, February 11th. JPMorgan Chase & Co. increased their price target on Garmin from $219.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Barclays boosted their price objective on Garmin from $158.00 to $188.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $210.80.

Garmin Price Performance

GRMN opened at $219.51 on Monday. The firm’s fifty day moving average price is $216.28 and its two-hundred day moving average price is $199.65. The company has a market capitalization of $42.23 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.36 and a beta of 0.96. Garmin has a 1 year low of $138.86 and a 1 year high of $246.50.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.51. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. Garmin’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.72 earnings per share.

Institutional Trading of Garmin

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Garmin by 10.4% in the third quarter. Farther Finance Advisors LLC now owns 986 shares of the scientific and technical instruments company’s stock worth $173,000 after buying an additional 93 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Garmin by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 199,713 shares of the scientific and technical instruments company’s stock valued at $35,155,000 after acquiring an additional 5,965 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Garmin in the 3rd quarter valued at about $59,000. Assetmark Inc. boosted its position in shares of Garmin by 24.6% during the 3rd quarter. Assetmark Inc. now owns 8,005 shares of the scientific and technical instruments company’s stock valued at $1,409,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Garmin by 14.7% during the third quarter. Crossmark Global Holdings Inc. now owns 56,375 shares of the scientific and technical instruments company’s stock worth $9,924,000 after purchasing an additional 7,236 shares in the last quarter. Institutional investors own 81.60% of the company’s stock.

Insider Activity at Garmin

In related news, CEO Clifton A. Pemble sold 7,202 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $227.14, for a total transaction of $1,635,862.28. Following the sale, the chief executive officer now directly owns 149,525 shares in the company, valued at approximately $33,963,108.50. The trade was a 4.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Munn sold 4,637 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $225.31, for a total value of $1,044,762.47. Following the completion of the transaction, the director now owns 11,450 shares of the company’s stock, valued at approximately $2,579,799.50. This represents a 28.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,274 shares of company stock worth $5,242,686. 19.54% of the stock is owned by corporate insiders.

Garmin Dividend Announcement

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. This represents a $3.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 13th. Garmin’s dividend payout ratio (DPR) is currently 41.04%.

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.