Zacks Research Issues Optimistic Outlook for Garmin Earnings

Garmin Ltd. (NYSE:GRMN) – Research analysts at Zacks Research raised their Q4 2025 earnings per share (EPS) estimates for Garmin in a report issued on Wednesday, November 12th. Zacks Research analyst Team now forecasts that the scientific and technical instruments company will post earnings of $2.34 per share for the quarter, up from their prior estimate of $2.26. The consensus estimate for Garmin’s current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin’s Q1 2027 earnings at $1.96 EPS.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.99. Garmin had a return on equity of 19.42% and a net margin of 22.63%.The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the business earned $1.99 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS.

A number of other research firms have also weighed in on GRMN. Tigress Financial upped their target price on shares of Garmin from $285.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of Garmin from $167.00 to $208.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Finally, Morgan Stanley increased their target price on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $239.50.

Garmin Trading Down 0.6%

Shares of NYSE:GRMN opened at $193.86 on Friday. The company has a market capitalization of $37.29 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.41 and a beta of 1.01. Garmin has a 12-month low of $169.26 and a 12-month high of $261.69. The business has a 50-day moving average price of $235.20 and a 200 day moving average price of $222.16.

Insider Activity at Garmin

In other news, insider Cheng-Wei Wang sold 10,202 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $232.48, for a total transaction of $2,371,760.96. Following the transaction, the insider owned 36,092 shares in the company, valued at approximately $8,390,668.16. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.38% of the company’s stock.

Institutional Trading of Garmin

A number of hedge funds have recently bought and sold shares of GRMN. Quaker Wealth Management LLC lifted its position in shares of Garmin by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 264 shares in the last quarter. Groupe la Francaise acquired a new position in shares of Garmin in the 1st quarter valued at approximately $33,000. Richardson Financial Services Inc. boosted its position in Garmin by 62.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 51 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Garmin in the first quarter valued at approximately $38,000. Finally, Cornerstone Planning Group LLC grew its stake in Garmin by 788.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock valued at $39,000 after buying an additional 142 shares during the last quarter. 81.60% of the stock is owned by institutional investors.

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.