Latest news with #GarminLtd
Yahoo
4 days ago
- Business
- Yahoo
Garmin to Report Q2 Earnings: What's in the Cards for the Stock?
Garmin GRMN is scheduled to report second-quarter 2025 results on July 30, before market open. The Zacks Consensus Estimate for Garmin's second-quarter 2025 earnings is pegged at $1.96 per share, implying a year-over-year increase of 24%. Garmin's earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 17.74%. The Zacks Consensus Estimate for Garmin's second-quarter 2025 revenues is pegged at $1.74 billion, indicating year-over-year growth of 15.35%. Let's see how things have shaped up for this announcement. Garmin Ltd. Price and EPS Surprise Garmin Ltd. price-eps-surprise | Garmin Ltd. Quote Key Factors to Note for Garmin's Results Garmin's widening portfolio is expected to have been the key growth driver for its top-line performance in the second quarter of 2025. In the fitness segment, strong demand for advanced wearables and its robust lineup of recently introduced wellness products like HRM 600, Tacx Alpine, Index Sleep Monitor, Edge MTB mountain bike computer, Venu X1, Forerunner 570 and Forerunner 970 is expected to have aided its revenue growth in the quarter under review. Furthermore, Garmin's collaboration with Zwift and Google Maps to introduce new features across its product line is likely to have aided in enhancing the traction for its products, aiding top-line growth in the to-be-reported quarter. The Zacks Consensus Estimate for revenues in the Fitness segment is pegged at $482.5 million, indicating 12.6% year-over-year growth. Strong momentum across its wearables offerings and inReach SOS service, Garmin Response, is expected to have positively impacted the Outdoor segment's performance . Latest launches, including the Tread 2 all-terrain navigator, Descent S1 Smart Buoy and the introduction of several features across its wearables like fenix 8, Forerunner, Instinct 3, Lily 2 Active, Venu 3, are likely to have brought in more customers, driving revenues further. The consensus estimate for Outdoor revenues is pegged at $469.1 million, indicating growth of 6.6% year over year. Strength in the Marine segment, driven by its JL Audio business and its robust portfolio of newly launched products like Force Current kayak trolling motor, ECHOMAP Ultra 2 series, Force Kraken series and quatix 8 mariner watch, is likely to have boosted the company's performance in the to-be-reported quarter. Moreover, the acquisition of Lumishore, a provider of marine LED lighting, is expected to have added market share and also contributed to GRMN's top line. The consensus estimate for Marine revenues is pinned at $340.4 million, up 24.7% from the figure reported in the year-ago quarter. Growing momentum across OEM equipment categories, driven by increased demand in private air travel, is expected to have bolstered the Aviation segment's performance. Latest launches like 12.1-inch TXi touchscreen flight display, automated PlaneSync service, Cirrus Perspective+ upgrade, Garmin GFC 600H flight control system for Airbus H130 helicopters, G5000 PRIME integrated flight deck, SmartCharts, Cirrus SR Series G7+, upgrades to its portfolio and new certifications are expected to have bolstered the Aviation segment's performance. The consensus mark for Aviation revenues is pegged at $245.8 million, indicating year-over-year growth of 12.6%. The company's expanding market share and customer base for domain controllers, owing to its increased shipments to BMW, are likely to have boosted Auto OEM revenues during the second quarter. The consensus mark for Auto OEM revenues is pegged at $185.5 million, indicating 26% year-over-year growth. What Our Model Says Our proven model does not conclusively predict an earnings beat for Garmin this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that's not the case here. GRMN has an Earnings ESP of -1.02% and a Zacks Rank of 3 at present. You can uncover the best stocks before they're reported with our Earnings ESP Filter. Stocks With the Favorable Combination Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases: Lam Research LRCX, Sensata Technologies ST and Electronic Arts EA are some stocks with the favorable combination. Lam Research has an Earnings ESP of +1.87% and carries a Zacks Rank of 2 at present. Lam Research is slated to report its fourth-quarter fiscal 2025 results on July 30. You can see the complete list of today's Zacks #1 Rank stocks here. Sensata Technologies has an Earnings ESP of +1.45% and a Zacks Rank of 2 at present. Sensata Technologies is set to report its second-quarter 2025 results on July 29. Electronic Arts has an Earnings ESP of +53.06% and a Zacks Rank of 2 at present. Electronic Arts is set to report its second-quarter 2025 results on July 29. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Sensata Technologies Holding N.V. (ST) : Free Stock Analysis Report Electronic Arts Inc. (EA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Bloomberg
18-06-2025
- Health
- Bloomberg
Garmin Launches $170 Health-Tracking Arm Band for Wear During Sleep
Garmin Ltd. on Wednesday launched an arm band for wear during sleep that can track vital health metrics, stepping up competition with companies like Whoop Inc. and other emerging players. The company's $170 Index Sleep Monitor — a first for the fitness devices maker — is worn on the upper arm like a blood-pressure cuff and tracks blood oxygen saturation, heart rate variability, respiration rates, breathing patterns and skin temperature. It also provides sleep metrics like hours slept and data on different stages of sleep.
Yahoo
06-06-2025
- Business
- Yahoo
Garmin shareholders approve quarterly dividend through March 2026
Company announces record date and payment date for June 2025 dividend installment SCHAFFHAUSEN, Switzerland, June 6, 2025 /PRNewswire/ -- At Garmin Ltd.'s annual shareholders' meeting held today, approval was received from the shareholders in accordance with Swiss corporate law for a cash dividend in the amount of $3.60 per share, payable in four equal installments. The Board has determined that the June installment of the dividend will be paid as indicated below and currently anticipates the scheduling of the remaining quarterly dividend installments as follows: Dividend Payment Date Record Date Dividend Per Share June 27, 2025 June 16, 2025 $0.90 September 26, 2025 September 12 2025 $0.90 December 26, 2025 December 12, 2025 $0.90 March 27, 2026 March 13, 2026 $0.90 About Garmin Ltd: Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor markets. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Garmin Ltd. (NYSE: GRMN) is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual Newsroom, email our press team, or follow us on LinkedIn. Notice on Forward-Looking Statements: This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 28, 2024 and the Quarterly Report on Form 10-Q for the quarter ended March 29, 2025 filed by Garmin with the Securities and Exchange Commission (Commission file number 001-41118). A copy of Garmin's 2024 Form 10-K and the Q1 2025 Form 10-Q can be downloaded from No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Investor Relations Contact: Corporate Communications Contact: Teri Seck Krista Klaus 913/397-8200 913/397-8200 View original content to download multimedia: SOURCE Garmin Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Investors in Garmin (NYSE:GRMN) have seen impressive returns of 149% over the past five years
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose your money. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of Garmin Ltd. (NYSE:GRMN) stock is up an impressive 122% over the last five years. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, Garmin managed to grow its earnings per share at 8.3% a year. This EPS growth is slower than the share price growth of 17% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. It might be well worthwhile taking a look at our free report on Garmin's earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Garmin's TSR for the last 5 years was 149%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. We're pleased to report that Garmin shareholders have received a total shareholder return of 29% over one year. And that does include the dividend. That's better than the annualised return of 20% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For instance, we've identified 1 warning sign for Garmin that you should be aware of. We will like Garmin better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90
Garmin Ltd. (NYSE:GRMN) will increase its dividend on the 27th of June to $0.90, which is 20% higher than last year's payment from the same period of $0.75. This makes the dividend yield about the same as the industry average at 1.5%. We've discovered 1 warning sign about Garmin. View them for free. We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue. However, Garmin's earnings easily cover the dividend. This means that most of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to rise by 29.4% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 33%, which is in the range that makes us comfortable with the sustainability of the dividend. Check out our latest analysis for Garmin The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $1.92 in 2015 to the most recent total annual payment of $3.00. This implies that the company grew its distributions at a yearly rate of about 4.6% over that duration. Dividends have grown relatively slowly, which is not great, but some investors may value the relative consistency of the dividend. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see that Garmin has been growing its earnings per share at 8.3% a year over the past five years. A low payout ratio and decent growth suggests that the company is reinvesting well, and it also has plenty of room to increase the dividend over time. In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 1 warning sign for Garmin that investors should take into consideration. Is Garmin not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
