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.

Analysts Set New Price Targets

A number of analysts have weighed in on GRMN shares. Barclays raised their target price on shares of Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a research report on Friday, November 1st. Tigress Financial raised their price objective on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Three investment 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $171.00.

Garmin Stock Performance

GRMN stock opened at $214.78 on Wednesday. The company has a market capitalization of $41.24 billion, a P/E ratio of 27.26, a PEG ratio of 1.27 and a beta of 0.98. The company has a fifty day moving average price of $212.63 and a 200-day moving average price of $194.17. Garmin has a 52-week low of $121.20 and a 52-week high of $223.33.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.51. Garmin had a return on equity of 17.99% and a net margin of 25.48%. As a group, sell-side analysts forecast that Garmin will post 7.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 19.54% of the stock is owned by 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.