Last $53.35 USD
Change Today +0.53 / 1.00%
Volume 846.2K
GRMN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 1:35 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

garmin ltd (GRMN) Snapshot

Open
$52.99
Previous Close
$52.82
Day High
$53.56
Day Low
$52.88
52 Week High
07/3/14 - $62.05
52 Week Low
02/5/14 - $43.03
Market Cap
10.2B
Average Volume 10 Days
1.6M
EPS TTM
$3.06
Shares Outstanding
192.6M
EX-Date
12/11/14
P/E TM
17.3x
Dividend
$1.92
Dividend Yield
3.49%
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 Introduces Forerunner 920XT GPS Watch

Garmin International Inc. introduced the Forerunner 920XT, a multi-sport GPS watch. Recording detailed metrics for swimming, biking and running, the Forerunner 920XT is qualified to take elite and beginner athletes' training to the next level. Its slim profile and hinged watch bands offer a comfortable fit, and its high-resolution color display makes it easy to view stats at a glance during training and on race day. Advanced features include running dynamics, VO2 max estimate, live tracking and smart notifications, and its watch mode and daily activity tracking features are ideal for all day wear to monitor steps and calories. The Forerunner 920XT's sleek design is 15% lighter and 18% thinner than its predecessor, and features flexible, hinged watch bands for a more comfortable fit. Its high-resolution color display features a watch mode, and daily activity tracking features including steps, distance, calories, countdown to a personalized daily goal, audible move alert after one hour of inactivity, and sleep tracking. It also keeps users connected with smart notifications of incoming text, email, call, calendar reminders and more when in range of a paired Bluetooth-smart device. Athletes can track even more of their workouts by using the Forerunner 920XT as a remote for their VIRB or VIRB Elite action camera3 - starting and stopping recording, and taking stills right from their wrist. Automatic uploads to Garmin Connect through WiFi hot spots, or through the Garmin Connect Mobile app on a Bluetooth enabled smartphone allow users to seamlessly upload their workout data. In the mobile app users can start a LiveTrack session allowing invited family and friends to follow along in real time during training or on race day. To further enhance training, analysis and sharing additional features are also now available in Garmin Connect's modern view including multisport support, a new activity detail page, group leaderboards and more. With a software update available in early 2015, the Forerunner 920XT will become Connect IQ compatible, making additional applications available to users for their active lifestyles. Water rated 5 A the Forerunner 920XT offers advanced swim metrics for training in a pool or open water. Its drill logging allows athletes to easily log swim drills and kick sets at the pool, along with recording swim distance, pace, stroke type, stroke count and SWOLF score. The Forerunner 920XT includes two rest timers to keep swimmers pushing off the wall on time, and features distance alerts to let users know a set is over, or time alerts to help them hold their pace. Own the road with the Forerunner 920XT's advanced cycling features including a built-in altimeter for precise ascent, descent and gradient data during training. It is compatible with sensors such as speed, cadence, heart rate and power meter, and can receive GLONASS signals in addition to GPS for improved accuracy. When paired with compatible ANT+ power meters, including Vector S and the dual-sensing Vector system, the Forerunner 920XT displays power data including average watts, left/right balance, power zone, and when also paired with a heart rate monitor for training it can derive users' VO2 max estimates for cycling to help monitor changes in fitness. Train for optimal running form with Garmin's advanced running dynamics, featured on the Forerunner 920XT when used with the HRM-Run monitor. Reporting cadence (total steps per minute), vertical oscillation (amount of 'bounce' in a runner's step), and ground contact time (how much time a runner's foot spends on the ground during each step), the Forerunner 920XT will even show a color gauge so users can see how their values compare to other runners in general. It also features a metronome with vibration and audible alerts to guide cadence training, a race predictor based on VO2 max for running, and a recovery advisor indicating how long a runner should rest before attempting another hard effort. For ultra runners the Forerunner 920XT offers an UltraTrac mode, extending its up to 24 hours in GPS mode battery life for up to 40 hours. The Forerunner 920XT is available in black/blue or red/white for a suggested retail price of $449.99 and $499.99 for the premium heart rate monitor bundle.

Garmin Ltd. Declares Quarterly Dividend, Payable on September 30, 2014

Garmin Ltd. board of directors has established September 30, 2014 as the payment date for the next dividend installment of $0.48 per share with a record date of September 15, 2014, per the approval previously provided at the 2014 annual shareholders' meeting.

Garmin Seeks Acquisitions

Garmin Ltd. (NasdaqGS:GRMN) will consider acquisitions. Doug Boessen, Chief Financial Officer of Garmin said on being asked about cash deployment strategy, "We went through a tax realignment to actually have a more effective use of our cash and get it more effectively up to our parent company in Switzerland. So with that, we will continue to look at our dividends, share buybacks and acquisitions of how we utilize our cash and capital on an ongoing basis."

 

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Industry Analysis

GRMN

Industry Average

Valuation GRMN Industry Range
Price/Earnings 15.9x
Price/Sales 3.7x
Price/Book 2.9x
Price/Cash Flow 15.6x
TEV/Sales 3.2x
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