Garmin (NYSE:GRMN) Releases FY 2025 Earnings Guidance

Garmin (NYSE:GRMN) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.800-7.800 for the period, compared to the consensus earnings per share estimate of 7.740. The company issued revenue guidance of $6.8 billion-$6.8 billion, compared to the consensus revenue estimate of $6.7 billion. Garmin also updated its FY25 guidance to approx $7.80 EPS.

Garmin Price Performance

Shares of NYSE GRMN traded down $10.60 during mid-day trading on Thursday, hitting $231.33. The company had a trading volume of 232,613 shares, compared to its average volume of 787,621. Garmin has a 12 month low of $128.89 and a 12 month high of $246.50. The firm has a market cap of $44.42 billion, a P/E ratio of 29.59, a PEG ratio of 1.28 and a beta of 0.98. The business’s 50-day simple moving average is $212.99 and its 200-day simple moving average is $194.84.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.51. Garmin had a return on equity of 17.99% and a net margin of 25.48%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company posted $1.72 earnings per share. Garmin’s revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts predict that Garmin will post 7.09 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GRMN shares. Morgan Stanley upgraded Garmin to a “sell” rating and upped their price objective for the company from $164.00 to $171.00 in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised shares of Garmin to a “neutral” rating and lifted their price target for the company from $212.00 to $219.00 in a report on Friday, February 14th. Barclays raised 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, Tigress Financial raised their price target on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Three 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.83.

Insider Buying and Selling at Garmin

In related news, CFO Douglas G. Boessen sold 1,761 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the sale, the chief financial officer now directly owns 27,612 shares in the company, valued at $5,743,019.88. This trade represents a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 19.54% 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.