Last $55.02 USD
Change Today +0.61 / 1.12%
Volume 2.9M
GRMN On Other Exchanges
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Exchange
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As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

garmin ltd (GRMN) Snapshot

Open
$54.23
Previous Close
$54.41
Day High
$56.30
Day Low
$54.00
52 Week High
07/3/14 - $62.05
52 Week Low
08/16/13 - $37.65
Market Cap
10.6B
Average Volume 10 Days
2.1M
EPS TTM
$3.06
Shares Outstanding
192.6M
EX-Date
09/11/14
P/E TM
18.0x
Dividend
$1.92
Dividend Yield
3.33%
Current Stock Chart for GARMIN LTD (GRMN)

garmin ltd (GRMN) Details

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets hand-held, portable and fixed-mount global positioning system (GPS) enabled products and other navigation, communication, and information products for the automotive/mobile, outdoor, fitness, marine, and general aviation markets worldwide. It operates in five segments: Auto/Mobile, Aviation, Marine, Outdoor, and Fitness. The Auto/Mobile segment offers a range of automotive navigation products, as well as various products and applications designed for the mobile GPS market. The Aviation segment provides GPS-enabled navigation, VHF communications transmitters/receivers, multi-function displays, electronic flight instrumentation systems, automatic flight control systems, traffic advisory systems and traffic collision avoidance systems, terrain awareness and warning systems, instrument landing system receivers, surveillance products, audio panels, cockpit datalink systems, and others. The Marine segment offers chartplotters and multi-function displays, fish finders, sounders, autopilot systems, radars, instruments, radios, handhelds and wrist-worn devices, and sailing products for use in the recreational marine industry. The Outdoor segment provides outdoor handhelds, wrist-worn devices, golf devices, dog tracking and training/pet obedience devices, and action cameras. The Fitness segment offers training assistants for athletes; personal training systems and pedal-based power meters designed for cyclists; watches designed for swimming pool use; wellness devices; and a Web-based analytic tool that could be used to store, analyze, and share fitness and wellness data of users. The company was founded in 1990 and is based in Schaffhausen, Switzerland.

10,086 Employees
Last Reported Date: 02/19/14
Founded in 1990

garmin ltd (GRMN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $650.3K
Co-Founder and Executive Chairman
Total Annual Compensation: $350.3K
Vice President, General Counsel, Secretary, G...
Total Annual Compensation: $515.2K
Managing Director of Auto OEM and Vice Presid...
Total Annual Compensation: $443.3K
Executive Officer
Total Annual Compensation: $552.5K
Compensation as of Fiscal Year 2013.

garmin ltd (GRMN) Key Developments

Garmin Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Revised Earnings Guidance for the Year 2014

Garmin Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company’s net sales were $777,848,000 compared to $696,563,000 a year ago. Operating income was $218,754,000 compared to $169,886,000 a year ago. Income before income taxes was $208,720,000 compared to $206,585,000 a year ago. Net income was $181,983,000 or $0.93 per diluted share, compared to $172,491,000 or $0.88 per diluted share a year ago. Net income (pro forma) was $199,751,000 or $1.02 per diluted share, compared to $149,571,000 or $0.76 per diluted share a year ago. Net cash provided by operating activities was $164,179,000 compared to $204,298,000 a year ago. Purchases of property and equipment were $21,224,000 compared to $18,107,000 a year ago. For the six months, the company’s net sales were $1,361,069,000 compared to $1,228,520,000 a year ago. Operating income was $339,123,000 compared to $249,812,000 a year ago. Income before income taxes was $351,187,000 compared to $288,219,000 a year ago. Net income was $300,800,000 or $1.54 per diluted share, compared to $261,157,000 or $1.33 per diluted share a year ago. Net cash provided by operating activities was $235,352,000 compared to $263,661,000 a year ago. Purchases of property and equipment were $36,761,000 compared to $29,723,000 a year ago. Purchase of intangible assets was $1,556,000 compared to $674,000 a year ago. Net income (pro forma) was $307,278,000 or $1.57 per diluted share, compared to $228,408,000 or $1.16 per diluted share a year ago. For the year 2014, the company anticipates revenue of $2.75 - $2.85 billion compared to $2.6 - $2.7 billion previously expected. Gross margin is expected to be 56% compared to the previous expectation of 54% - 55%. Operating income is expected to be $650 - $675 million compared to previous expectation of $530 - $565 million. Tax rate (pro forma) is expected to be 15% compared to the previous expectation of 17%. Pro forma EPS is expected to be $2.95 - $3.05 compared to previous expectation of $2.50 - $2.60.

Garmin Ltd. to Report Q2, 2014 Results on Jul 30, 2014

Garmin Ltd. announced that they will report Q2, 2014 results on Jul 30, 2014

Garmin Ltd., Q2 2014 Earnings Call, Jul 30, 2014

Garmin Ltd., Q2 2014 Earnings Call, Jul 30, 2014

 

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Industry Analysis

GRMN

Industry Average

Valuation GRMN Industry Range
Price/Earnings 16.3x
Price/Sales 3.8x
Price/Book 3.0x
Price/Cash Flow 16.3x
TEV/Sales 3.3x
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