Garmin (GRMN) to Release Earnings on Wednesday

Garmin (NYSE:GRMN) will likely be releasing its Q2 2025 earnings data before the market opens on Wednesday, July 30th. Analysts expect Garmin to post earnings of $1.95 per share and revenue of $1.68 billion for the quarter. Garmin has set its FY 2025 guidance at 7.800-7.800 EPS.

Garmin (NYSE:GRMN) last posted its earnings results on Wednesday, April 30th. The scientific and technical instruments company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.01). Garmin had a net margin of 22.76% and a return on equity of 19.21%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $1.42 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts expect Garmin to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Garmin Stock Performance

Garmin stock opened at $235.57 on Monday. Garmin has a fifty-two week low of $160.71 and a fifty-two week high of $246.50. The firm has a 50 day moving average price of $210.19 and a 200 day moving average price of $208.41. The company has a market capitalization of $45.36 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 2.65 and a beta of 0.97.

Garmin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 16th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.53%. Garmin’s dividend payout ratio is presently 47.37%.

Insider Buying and Selling at Garmin

In other news, CEO Clifton A. Pemble sold 7,899 shares of Garmin stock in a transaction on Monday, June 16th. The shares were sold at an average price of $203.25, for a total transaction of $1,605,471.75. Following the completion of the sale, the chief executive officer directly owned 141,626 shares of the company’s stock, valued at approximately $28,785,484.50. The trade was a 5.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas G. Boessen sold 1,859 shares of Garmin stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $215.00, for a total transaction of $399,685.00. Following the sale, the chief financial officer directly owned 29,146 shares of the company’s stock, valued at approximately $6,266,390. This trade represents a 6.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Garmin

Several institutional investors have recently modified their holdings of the company. Focus Partners Wealth lifted its position in Garmin by 51.1% in the first quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after acquiring an additional 2,304 shares during the last quarter. Woodline Partners LP lifted its position in Garmin by 40.6% in the first quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock valued at $2,826,000 after acquiring an additional 3,757 shares during the last quarter. NewEdge Advisors LLC lifted its position in Garmin by 6.2% in the first quarter. NewEdge Advisors LLC now owns 5,885 shares of the scientific and technical instruments company’s stock valued at $1,278,000 after acquiring an additional 345 shares during the last quarter. Finally, Brighton Jones LLC lifted its position in Garmin by 31.3% in the fourth quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock valued at $401,000 after acquiring an additional 463 shares during the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Garmin from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Barclays decreased their price target on shares of Garmin from $188.00 to $152.00 and set an “underweight” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley raised their price target on shares of Garmin from $159.00 to $172.00 and gave the company an “underweight” rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $214.75.

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.