What is Zacks Research’s Forecast for Garmin Q2 Earnings?

Garmin Ltd. (NYSE:GRMN) – Stock analysts at Zacks Research increased their Q2 2025 EPS estimates for Garmin in a research report issued on Wednesday, March 5th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will earn $1.98 per share for the quarter, up from their previous 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.

Several other equities analysts also recently weighed in on GRMN. Morgan Stanley upgraded shares of Garmin to a “sell” rating and increased their price target for the stock from $164.00 to $171.00 in a report on Tuesday, February 11th. Barclays increased their price target on shares of Garmin from $158.00 to $188.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Tigress Financial increased 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Garmin from $219.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $210.80.

Garmin Stock Down 0.9 %

Shares of Garmin stock opened at $213.48 on Monday. The firm has a market capitalization of $41.07 billion, a P/E ratio of 29.20, a PEG ratio of 1.36 and a beta of 0.96. The company has a 50 day moving average price of $216.57 and a 200 day moving average price of $200.15. Garmin has a 52 week low of $138.86 and a 52 week high of $246.50.

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

Hedge Funds Weigh In On Garmin

Several institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Garmin during the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd grew its position in shares of Garmin by 864.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 135 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 121 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of Garmin during the fourth quarter worth about $29,000. SOA Wealth Advisors LLC. acquired a new position in shares of Garmin during the fourth quarter worth about $37,000. Finally, Larson Financial Group LLC grew its position in shares of Garmin by 578.6% during the third quarter. Larson Financial Group LLC now owns 190 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 162 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Garmin

In related news, VP Susan Lyman sold 2,829 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $215.51, for a total transaction of $609,677.79. Following the completion of the sale, the vice president now directly owns 8,432 shares of the company’s stock, valued at approximately $1,817,180.32. This trade represents a 25.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Clifton A. Pemble sold 7,202 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $227.14, for a total value of $1,635,862.28. Following the sale, the chief executive officer now directly owns 149,525 shares of the company’s stock, valued at $33,963,108.50. The trade was a 4.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,103 shares of company stock worth $5,852,364. Corporate insiders own 19.54% of the company’s stock.

Garmin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.90 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.60 dividend on an annualized basis and a yield of 1.69%. Garmin’s payout ratio 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.