What is Zacks Research’s Estimate for Garmin Q2 Earnings?

Garmin Ltd. (NYSE:GRMN) – Stock analysts at Zacks Research dropped their Q2 2027 earnings estimates for shares of Garmin in a note issued to investors on Wednesday, May 13th. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will post earnings per share of $2.14 for the quarter, down from their previous forecast of $2.18. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Garmin’s current full-year earnings is $9.57 per share. Zacks Research also issued estimates for Garmin’s FY2027 earnings at $9.82 EPS, Q1 2028 earnings at $2.02 EPS and FY2028 earnings at $10.93 EPS.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.24. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Garmin had a net margin of 23.26% and a return on equity of 20.07%. Garmin’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS.

Other research analysts also recently issued research reports about the company. Morgan Stanley set a $249.00 price target on Garmin in a research note on Thursday, April 30th. Tigress Financial increased their price objective on Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Finally, Barclays decreased their price target on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.40.

Garmin Stock Performance

Garmin stock opened at $234.51 on Friday. Garmin has a fifty-two week low of $186.67 and a fifty-two week high of $273.32. The company has a market capitalization of $45.23 billion, a P/E ratio of 26.14, a PEG ratio of 2.73 and a beta of 0.94. The stock has a 50-day simple moving average of $245.33 and a 200-day simple moving average of $222.42.

Institutional Trading of Garmin

Hedge funds and other institutional investors have recently made changes to their positions in the company. Reflection Asset Management acquired a new position in shares of Garmin during the fourth quarter worth about $32,000. Richardson Financial Services Inc. boosted its holdings in Garmin by 62.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Garmin during the 4th quarter worth approximately $34,000. Archer Investment Corp acquired a new position in Garmin during the 1st quarter worth approximately $37,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Garmin by 788.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Insider Buying and Selling

In other news, CFO Douglas G. Boessen sold 3,487 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $251.66, for a total value of $877,538.42. Following the transaction, the chief financial officer owned 28,049 shares of the company’s stock, valued at approximately $7,058,811.34. The trade was a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew Munn sold 5,275 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $250.97, for a total value of $1,323,866.75. Following the sale, the executive vice president owned 9,876 shares of the company’s stock, valued at $2,478,579.72. This trade represents a 34.82% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 40,246 shares of company stock worth $10,110,041. 15.38% of the stock is currently owned by insiders.

Garmin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is 40.13%.

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.