Garmin (NYSE:GRMN) Releases FY 2025 Earnings Guidance

Garmin (NYSE:GRMN) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 7.800-7.800 for the period, compared to the consensus 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.

Garmin Trading Down 4.4 %

Shares of Garmin stock traded down $10.60 on Thursday, reaching $231.33. 232,613 shares of the company were exchanged, compared to its average volume of 787,621. The company has a 50-day moving average of $212.99 and a 200 day moving average of $194.84. Garmin has a one year low of $128.89 and a one year high of $246.50. The company has a market capitalization of $44.42 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.28 and a beta of 0.98.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.51. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.70 billion. Garmin had a net margin of 25.48% and a return on equity of 17.99%. Garmin’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the business posted $1.72 EPS. Analysts predict that Garmin will post 7.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CFO Douglas G. Boessen sold 1,761 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $207.99, for a total value of $366,270.39. Following the completion of the transaction, the chief financial officer now directly owns 27,612 shares in the company, valued at approximately $5,743,019.88. This represents a 6.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.54% of the stock is currently owned by company insiders.

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.