Garmin (NYSE:GRMN) Releases FY25 Earnings Guidance

Garmin (NYSE:GRMN) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of approx $7.80 for the period, compared to the consensus estimate of $7.77. The company issued revenue guidance of approx $6.80 billion, compared to the consensus revenue estimate of $6.72 billion. Garmin also updated its FY 2025 guidance to 7.800-7.800 EPS.

Garmin Trading Down 5.7 %

Shares of Garmin stock traded down $13.80 during trading on Thursday, reaching $228.13. The company’s stock had a trading volume of 331,818 shares, compared to its average volume of 787,621. The stock has a 50-day moving average price of $212.99 and a two-hundred day moving average price of $194.84. Garmin has a one year low of $128.89 and a one year high of $246.50. The stock has a market capitalization of $43.81 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.28 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.51. Garmin had a return on equity of 17.99% and a net margin of 25.48%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the business posted $1.72 earnings per share. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Garmin will post 7.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on GRMN shares. Morgan Stanley raised Garmin to a “sell” rating and lifted their price target for the company from $164.00 to $171.00 in a report on Tuesday, February 11th. Tigress Financial boosted their price objective on Garmin from $215.00 to $265.00 and gave the stock a “strong-buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on Garmin from $219.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Barclays boosted their price objective on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Garmin presently has an average rating of “Hold” and an average target price of $190.67.

Insiders Place Their Bets

In related news, CFO Douglas G. Boessen sold 1,761 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the sale, the chief financial officer now owns 27,612 shares in the company, valued at approximately $5,743,019.88. This trade represents a 6.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 19.54% of the company’s stock.

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.