Wall Street analysts expect that Garmin Ltd. (NASDAQ:GRMN) will report $0.79 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Garmin’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.77. Garmin also reported earnings per share of $0.79 in the same quarter last year. The company is scheduled to announce its next earnings results on Wednesday, February 20th.

On average, analysts expect that Garmin will report full year earnings of $3.47 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.51. For the next year, analysts forecast that the firm will report earnings of $3.50 per share, with EPS estimates ranging from $3.41 to $3.61. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Garmin.

Garmin (NASDAQ:GRMN) last posted its quarterly earnings results on Wednesday, October 31st. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.24. Garmin had a net margin of 19.45% and a return on equity of 16.95%. The company had revenue of $810.01 million for the quarter, compared to analyst estimates of $784.06 million. During the same period last year, the business posted $0.75 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis.

Several analysts have recently weighed in on GRMN shares. BidaskClub lowered shares of Garmin from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 4th. Morgan Stanley set a $77.00 target price on shares of Garmin and gave the company an “equal weight” rating in a research report on Friday, September 21st. Bank of America set a $70.00 target price on shares of Garmin and gave the company a “sell” rating in a research report on Thursday, November 15th. Finally, Longbow Research set a $75.00 target price on shares of Garmin and gave the company a “buy” rating in a research report on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Garmin presently has a consensus rating of “Hold” and an average target price of $67.83.

In related news, insider Min H. Kao sold 18,316 shares of Garmin stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $69.69, for a total transaction of $1,276,442.04. Following the completion of the transaction, the insider now directly owns 1,901,429 shares of the company’s stock, valued at approximately $132,510,587.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clifton A. Pemble sold 15,637 shares of Garmin stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $70.00, for a total transaction of $1,094,590.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,314,037 shares of company stock worth $149,595,036. 17.85% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Garmin by 9.0% during the 3rd quarter. Vanguard Group Inc. now owns 12,760,863 shares of the scientific and technical instruments company’s stock valued at $893,899,000 after purchasing an additional 1,057,737 shares during the last quarter. BlackRock Inc. lifted its holdings in Garmin by 8.6% during the 3rd quarter. BlackRock Inc. now owns 12,033,536 shares of the scientific and technical instruments company’s stock valued at $842,946,000 after purchasing an additional 947,858 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Garmin by 0.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,213 shares of the scientific and technical instruments company’s stock valued at $151,742,000 after purchasing an additional 11,607 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Garmin by 35.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,700,423 shares of the scientific and technical instruments company’s stock valued at $103,658,000 after purchasing an additional 448,275 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in Garmin by 3.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,628,201 shares of the scientific and technical instruments company’s stock valued at $114,055,000 after purchasing an additional 51,608 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Garmin stock opened at $64.68 on Wednesday. Garmin has a twelve month low of $57.01 and a twelve month high of $70.77. The stock has a market cap of $12.88 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.55 and a beta of 0.97.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

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