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 Up 13.2 %

Shares of GRMN stock traded up $28.35 during trading hours on Wednesday, reaching $243.13. 2,633,495 shares of the company’s stock were exchanged, compared to its average volume of 778,287. Garmin has a fifty-two week low of $121.20 and a fifty-two week high of $246.50. The stock’s 50 day moving average is $212.63 and its 200-day moving average is $194.17. The company has a market cap of $46.69 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 1.27 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 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 company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the business posted $1.72 earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year. Equities analysts anticipate that Garmin will post 7.09 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on GRMN shares. Tigress Financial upped their price target on shares of Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. Morgan Stanley upgraded Garmin to a “sell” rating and raised their target price for the stock from $164.00 to $171.00 in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised Garmin to a “neutral” rating and increased their price objective for the company from $212.00 to $219.00 in a report on Friday, February 14th. Finally, Barclays raised their price target on shares of Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Garmin presently has an average rating of “Hold” and a consensus target price of $183.83.

Insider Activity

In related news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $207.99, for a total value of $366,270.39. Following the completion of the sale, the chief financial officer now owns 27,612 shares of the company’s stock, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.