Garmin (NYSE:GRMN) Updates FY 2025 Earnings Guidance

Garmin (NYSE:GRMN) updated its FY 2025 earnings guidance on Wednesday. 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.

Analyst Ratings Changes

Several research firms recently weighed in on GRMN. Barclays lifted their target price on Garmin from $158.00 to $188.00 and gave the company an “underweight” rating in a research report on Thursday. 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. Morgan Stanley raised Garmin to a “sell” rating and raised their price target for the company from $164.00 to $171.00 in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. raised their price target on Garmin from $219.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday. Three investment 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. Based on data from MarketBeat.com, Garmin presently has an average rating of “Hold” and an average price target of $195.67.

Garmin Price Performance

Shares of GRMN stock traded down $3.07 during trading hours on Friday, hitting $225.94. The stock had a trading volume of 99,587 shares, compared to its average volume of 809,115. Garmin has a one year low of $131.20 and a one year high of $246.50. The stock’s 50-day moving average price is $212.99 and its two-hundred day moving average price is $194.84. The stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.44 and a beta of 0.98.

Garmin (NYSE:GRMN) last released its quarterly earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 EPS for the quarter, topping the consensus estimate of $1.90 by $0.51. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.70 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. The firm’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the business posted $1.72 earnings per share. As a group, equities research analysts predict that Garmin will post 7.8 earnings per share for the current fiscal year.

Garmin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.90 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.60 annualized dividend and a yield of 1.59%. Garmin’s dividend payout ratio is currently 41.04%.

Insider Buying and Selling

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the transaction, the chief financial officer now owns 27,612 shares in the company, valued at $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 19.54% of the stock is currently owned by company 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.