Zacks Research Analysts Boost Earnings Estimates for Garmin

Garmin Ltd. (NYSE:GRMN) – Research analysts at Zacks Research increased their Q1 2026 earnings per share estimates for shares of Garmin in a research report issued on Wednesday, March 4th. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will post earnings per share of $1.82 for the quarter, up from their prior estimate of $1.65. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Garmin’s current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin’s Q2 2026 earnings at $2.26 EPS, Q3 2026 earnings at $2.38 EPS, Q1 2027 earnings at $1.78 EPS, Q2 2027 earnings at $2.18 EPS, Q3 2027 earnings at $2.55 EPS, FY2027 earnings at $9.74 EPS and FY2028 earnings at $11.02 EPS.

Garmin (NYSE:GRMN) last released its quarterly earnings data on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS.

Several other analysts have also commented on GRMN. Barclays set a $240.00 price objective on Garmin in a report on Thursday, February 19th. JPMorgan Chase & Co. upped their target price on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Finally, Tigress Financial boosted their price target on shares of Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Garmin presently has an average rating of “Moderate Buy” and an average target price of $254.00.

Garmin Trading Up 1.4%

Garmin stock opened at $243.57 on Friday. The stock has a market cap of $46.88 billion, a P/E ratio of 28.32, a PEG ratio of 2.87 and a beta of 0.94. The company has a 50-day moving average price of $217.81 and a 200 day moving average price of $221.86. Garmin has a 12-month low of $169.26 and a 12-month high of $261.69.

Institutional Trading of Garmin

A number of institutional investors have recently added to or reduced their stakes in GRMN. Reflection Asset Management acquired a new stake in shares of Garmin during the 4th quarter valued at approximately $32,000. Richardson Financial Services Inc. grew its holdings in shares of Garmin by 62.2% in 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 period. Atlas Capital Advisors Inc. purchased a new position in Garmin in the 4th quarter valued at approximately $34,000. Cornerstone Planning Group LLC increased 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 purchasing an additional 142 shares in the last quarter. Finally, GraniteShares Advisors LLC acquired a new position in Garmin during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Insider Buying and Selling at Garmin

In related news, COO Patrick Desbois sold 6,694 shares of Garmin stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $251.65, for a total value of $1,684,545.10. Following the sale, the chief operating officer directly owned 58,540 shares in the company, valued at $14,731,591. The trade was a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Clifton A. Pemble sold 19,914 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.58, for a total value of $5,009,964.12. Following the completion of the sale, the chief executive officer directly owned 124,075 shares of the company’s stock, valued at approximately $31,214,788.50. This trade represents a 13.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 57,319 shares of company stock valued at $13,650,815. Insiders own 15.38% of the company’s stock.

Garmin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a yield of 1.7%. Garmin’s dividend payout ratio is presently 41.86%.

Key Headlines Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $9.74 and lifted several quarterly estimates (including Q3 2026 and Q1/Q2 2026 upgrades), and published an optimistic FY2028 view of $11.02 — supporting a bullish medium‑term earnings story. Best Health & Fitness Stocks to Buy Now for Strong Growth
• Positive Sentiment: Analysts and coverage pieces point to record Q4 results and new capital return plans (buybacks/dividends), which tends to support share appreciation as earnings and cash return expectations rise. Assessing Garmin (GRMN) Valuation After Record Q4 Results And New Capital Return Plans
• Neutral Sentiment: Garmin was named among top health & fitness stocks to own as wearables and wellness markets expand — a thematic positive but more long‑horizon in nature. Best Health & Fitness Stocks to Buy Now for Strong Growth
• Neutral Sentiment: Valuation discussion pieces ask whether the recent run leaves Garmin fully priced — useful for entry/timing decisions but not immediate catalysts. Is It Too Late To Consider Garmin (GRMN) After A Strong Share Price Run?
• Negative Sentiment: Zacks trimmed several near‑term 2027 quarterly EPS estimates (Q1, Q2 and Q3 2027 cuts cited), which could pressure short‑term sentiment if guidance or demand softens. Zacks Research estimates revisions (multiple notes)
• Negative Sentiment: Market writeups noted a daily pullback where Garmin fell more than the broader market, signaling potential short‑term volatility and profit‑taking after the run. Here’s Why Garmin (GRMN) Fell More Than Broader Market
• Neutral Sentiment: Long‑term performance retrospectives highlight strong historical returns, but they are descriptive rather than immediate drivers. If You Invested $100 In Garmin Stock 15 Years Ago, You Would Have This Much Today

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.