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 Upgrades and Downgrades

A number of research firms recently weighed in on GRMN. Morgan Stanley raised Garmin to a “sell” rating and raised their price objective for the company from $164.00 to $171.00 in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on Garmin from $219.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays increased their target price on Garmin from $158.00 to $188.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Tigress Financial increased their target price on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $195.67.

Garmin Trading Down 1.3 %

GRMN traded down $3.07 during trading on Friday, hitting $225.94. 99,587 shares of the company’s stock traded hands, compared to its average volume of 809,115. 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 has a 12-month low of $131.20 and a 12-month high of $246.50. The company’s 50 day simple moving average is $212.99 and its two-hundred day simple moving average is $194.84.

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, topping analysts’ consensus estimates of $1.90 by $0.51. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.70 billion. Garmin had a return on equity of 19.31% and a net margin of 22.42%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the business posted $1.72 EPS. On average, equities analysts expect that Garmin will post 7.8 EPS for the current year.

Garmin Dividend Announcement

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

Insider Transactions at Garmin

In related news, CFO Douglas G. Boessen sold 1,761 shares of Garmin stock in a transaction 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 transaction, the chief financial officer now directly owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.