FY2026 Earnings Forecast for Garmin Issued By Zacks Research

Garmin Ltd. (NYSE:GRMN) – Analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for shares of Garmin in a research report issued to clients and investors on Wednesday, March 4th. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will earn $9.35 per share for the year, up from their prior forecast of $8.35. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Garmin’s current full-year earnings is $7.80 per share. Zacks Research also issued estimates for Garmin’s Q4 2026 earnings at $2.90 EPS and Q4 2027 earnings at $3.23 EPS.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $2.41 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS.

A number of other brokerages have also recently issued reports on GRMN. Barclays set a $240.00 target price on shares of Garmin in a report on Thursday, February 19th. JPMorgan Chase & Co. lifted their target price on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Tigress Financial increased their price target on shares of Garmin from $310.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Finally, Longbow Research raised Garmin from a “neutral” rating to a “buy” rating and set a $250.00 target price on the stock in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $254.00.

Garmin Price Performance

Shares of GRMN stock opened at $242.99 on Monday. The company has a fifty day moving average price of $218.56 and a two-hundred day moving average price of $221.82. Garmin has a one year low of $169.26 and a one year high of $261.69. The stock has a market cap of $46.77 billion, a P/E ratio of 28.25, a P/E/G ratio of 2.92 and a beta of 0.94.

Hedge Funds Weigh In On Garmin

A number of institutional investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. grew its stake in shares of Garmin by 62.2% during the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. Reflection Asset Management bought a new position in shares of Garmin in the 4th quarter valued at $32,000. Cornerstone Planning Group LLC boosted its holdings 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 valued at $39,000 after acquiring an additional 142 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Garmin during the 4th quarter worth $34,000. Finally, Tradewinds Capital Management LLC acquired a new position in Garmin in the 3rd quarter worth about $44,000. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Garmin

In other news, VP Susan Lyman sold 3,805 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the transaction, the vice president owned 7,471 shares of the company’s stock, valued at approximately $1,877,611.72. The trade was a 33.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas G. Boessen sold 3,487 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $251.66, for a total value of $877,538.42. Following the completion of the sale, the chief financial officer directly owned 28,049 shares in the company, valued at $7,058,811.34. This trade represents a 11.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 57,319 shares of company stock valued at $13,650,815. 19.54% of the stock is currently owned by insiders.

Garmin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is 41.86%.

Garmin Company Profile

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.