What is Zacks Research’s Forecast for Garmin Q1 Earnings?

Garmin Ltd. (NYSE:GRMN) – Equities research analysts at Zacks Research increased their Q1 2025 EPS estimates for Garmin in a report released on Wednesday, March 5th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings of $1.53 per share for the quarter, up from their prior forecast of $1.38. The consensus estimate for Garmin’s current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin’s Q3 2025 earnings at $1.89 EPS, Q1 2026 earnings at $1.60 EPS, Q2 2026 earnings at $1.90 EPS, Q3 2026 earnings at $1.94 EPS, Q4 2026 earnings at $2.38 EPS, FY2026 earnings at $7.82 EPS and FY2027 earnings at $9.09 EPS.

Garmin (NYSE:GRMN) last posted its quarterly earnings data on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.51. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Garmin had a net margin of 22.42% and a return on equity of 19.31%. The business’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 earnings per share.

GRMN has been the topic of a number of other reports. Morgan Stanley upgraded shares of Garmin to a “sell” rating and upped their price target for the stock from $164.00 to $171.00 in a report on Tuesday, February 11th. Barclays upped their price target on shares of Garmin from $158.00 to $188.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Garmin from $219.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Tigress Financial upped their price target on shares of Garmin from $265.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $210.80.

Garmin Trading Down 1.1 %

NYSE GRMN opened at $219.51 on Friday. The company’s 50-day moving average price is $216.28 and its 200-day moving average price is $199.34. The stock has a market cap of $42.23 billion, a PE ratio of 30.03, a PEG ratio of 1.36 and a beta of 0.98. Garmin has a 12 month low of $138.86 and a 12 month high of $246.50.

Institutional Trading of Garmin

Several hedge funds have recently modified their holdings of GRMN. Norges Bank purchased a new stake in shares of Garmin during the fourth quarter valued at about $396,184,000. FMR LLC raised its position in shares of Garmin by 40.8% in the 3rd quarter. FMR LLC now owns 3,775,154 shares of the scientific and technical instruments company’s stock valued at $664,540,000 after purchasing an additional 1,093,219 shares during the last quarter. Montrusco Bolton Investments Inc. purchased a new position in shares of Garmin in the 3rd quarter valued at approximately $53,252,000. Northern Trust Corp raised its position in shares of Garmin by 20.2% in the 4th quarter. Northern Trust Corp now owns 1,708,495 shares of the scientific and technical instruments company’s stock valued at $352,394,000 after purchasing an additional 286,765 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Garmin by 1,580.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 287,283 shares of the scientific and technical instruments company’s stock valued at $50,570,000 after purchasing an additional 270,186 shares during the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Garmin news, Director Matthew Munn sold 4,637 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $225.31, for a total transaction of $1,044,762.47. Following the completion of the sale, the director now directly owns 11,450 shares of the company’s stock, valued at approximately $2,579,799.50. This represents a 28.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Clifton A. Pemble sold 7,202 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $227.14, for a total transaction of $1,635,862.28. Following the sale, the chief executive officer now directly owns 149,525 shares of the company’s stock, valued at approximately $33,963,108.50. The trade was a 4.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,274 shares of company stock valued at $5,242,686 over the last three months. 19.54% of the stock is owned by company insiders.

Garmin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, March 13th. Garmin’s dividend payout ratio (DPR) is presently 41.04%.

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.