Garmin (NYSE:GRMN) Posts Quarterly Earnings Results, Beats Expectations By $0.51 EPS

Garmin (NYSE:GRMN) announced its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.51, Zacks reports. Garmin had a net margin of 25.48% and a return on equity of 17.99%. Garmin updated its FY 2025 guidance to 7.800-7.800 EPS.

Garmin Price Performance

Shares of GRMN opened at $214.78 on Wednesday. Garmin has a one year low of $121.20 and a one year high of $223.33. The business has a fifty day moving average of $212.63 and a 200 day moving average of $194.17. The firm has a market capitalization of $41.24 billion, a P/E ratio of 27.26, a PEG ratio of 1.27 and a beta of 0.98.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research firms have recently weighed in on GRMN. Tigress Financial boosted their price target on Garmin from $215.00 to $265.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Barclays boosted their target price on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $171.00.

About Garmin

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.