Equities analysts predict that Garmin Ltd. (NASDAQ:GRMN) will report $0.70 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Garmin’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.66. Garmin posted earnings of $0.68 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, May 1st.

According to Zacks, analysts expect that Garmin will report full-year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.70 to $3.76. For the next year, analysts expect that the firm will report earnings of $3.83 per share, with EPS estimates ranging from $3.78 to $3.97. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Garmin.

Garmin (NASDAQ:GRMN) last issued its quarterly earnings results on Wednesday, February 20th. The scientific and technical instruments company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.22. The company had revenue of $932.11 million during the quarter, compared to analysts’ expectations of $893.14 million. Garmin had a return on equity of 17.67% and a net margin of 20.74%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS.

GRMN has been the subject of several analyst reports. Credit Suisse Group boosted their price objective on Garmin from $58.00 to $71.00 and gave the company an “underperform” rating in a report on Monday, February 25th. Morgan Stanley decreased their price objective on Garmin from $77.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, January 7th. Longbow Research set a $75.00 price objective on Garmin and gave the company a “buy” rating in a report on Tuesday, February 19th. ValuEngine cut Garmin from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, BidaskClub raised Garmin from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $77.19.

In other Garmin news, insider Clifton A. Pemble sold 2,683 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $82.38, for a total transaction of $221,025.54. Following the completion of the sale, the insider now directly owns 141,883 shares in the company, valued at approximately $11,688,321.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sean Biddlecombe sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $83.51, for a total value of $125,265.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,932 shares of company stock valued at $496,705. Insiders own 17.85% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its position in shares of Garmin by 5,916.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,586,799 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 1,560,423 shares in the last quarter. Norges Bank purchased a new stake in shares of Garmin in the fourth quarter valued at approximately $82,766,000. Vanguard Group Inc grew its position in shares of Garmin by 9.0% in the third 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 in the last quarter. BlackRock Inc. lifted its holdings in Garmin by 7.1% in the fourth quarter. BlackRock Inc. now owns 12,886,129 shares of the scientific and technical instruments company’s stock valued at $815,948,000 after acquiring an additional 852,593 shares during the last quarter. Finally, Hexavest Inc. acquired a new position in Garmin in the first quarter valued at approximately $37,769,000. Institutional investors own 43.02% of the company’s stock.

Shares of GRMN stock traded up $0.34 on Friday, hitting $86.53. The company had a trading volume of 1,682,553 shares, compared to its average volume of 1,068,621. The stock has a market cap of $17.14 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. Garmin has a twelve month low of $57.01 and a twelve month high of $89.72.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.53 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.12 annualized dividend and a dividend yield of 2.45%. Garmin’s dividend payout ratio (DPR) is presently 57.45%.

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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