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Last €38.74 EUR
Change Today -0.061 / -0.16%
Volume 100.0
GEY On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 1:36 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

garmin ltd (GEY) Snapshot

Open
€38.68
Previous Close
€38.81
Day High
€39.02
Day Low
€37.76
52 Week High
02/18/15 - €50.00
52 Week Low
07/16/15 - €36.90
Market Cap
8.1B
Average Volume 10 Days
229.7
EPS TTM
--
Shares Outstanding
208.1M
EX-Date
09/11/15
P/E TM
--
Dividend
€2.03
Dividend Yield
4.30%
Current Stock Chart for GARMIN LTD (GEY)

garmin ltd (GEY) Details

Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, and markets hand-held, wrist-based, and portable and fixed-mount global positioning system (GPS) enabled products; and other navigation, communication, and information products worldwide. It operates in five segments: Automotive/Mobile, Aviation, Marine, Outdoor, and Fitness. The Automotive/Mobile segment offers personal automotive navigation devices; and infotainment solutions, as well as mobile applications under the Viago, StreetPilot, and NAVIGON brands. 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, compliant instrument displays, radios, handhelds and wrist-worn devices, sailing products, and integrated marine audio equipment. The Outdoor segment provides outdoor handhelds, wrist watches, golf devices, dog tracking and training/pet obedience devices, and action cameras. The Fitness segment offers running/multi-sport watches for athletes; personal training systems and pedal-based power meters for cyclists; activity tracking devices for corporate wellness programs; watches designed for swimming pool use; and Garmin Connect, a Web-based analytic tool that allows users to store, analyze, and share fitness and wellness data. The company sells its GPS receivers and accessories to retail outlets, and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.

11,185 Employees
Last Reported Date: 02/18/15
Founded in 1990

garmin ltd (GEY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $668.9K
Co-Founder and Executive Chairman
Total Annual Compensation: $350.3K
Chief Financial Officer and Treasurer
Total Annual Compensation: $317.6K
Vice President, General Counsel and Secretary
Total Annual Compensation: $527.3K
Vice President of Worldwide Sales - Garmin In...
Total Annual Compensation: $478.3K
Compensation as of Fiscal Year 2014.

garmin ltd (GEY) Key Developments

Garmin Ltd. Reports Earnings Results for the Second Quarter of 2015; Provides Earnings and Tax Rate Guidance for the Year 2015

Garmin Ltd. reported earnings results for the second quarter of 2015. For the quarter, sales were $774 million. Pro forma EPS was $0.72. The company reported earnings of $137.8 million. The company posted revenue of $774 million for the quarter with GAAP and pro forma net income of $138 million. Free cash flow was $64 million after adjusting for the $183 million tax payment associated with intercompany restructuring, which was initiated in 2014. The company provided earnings guidance for the year 2015. The company expects full-year earnings to be $2.65 per share, with revenue expected to be $2.9 billion. Full year effective tax rate is now expected to be 18% to 19% due to change in income mix by tax jurisdiction.

Garmin Ltd. Provides Earnings Guidance for the Second Quarter of 2015; Revises Earnings Guidance for the Full Year of 2015

Garmin Ltd. provided earnings guidance for the second quarter of 2015 and revised earnings guidance for the full year of 2015. The company expects to report second quarter 2015 revenue in the range of $770 million - $775 million with a gross margin of approximately 54%. The year-over-year decline was driven primarily by currency movements negatively impacting sales by $55 million - $60 million year-over-year on a constant currency basis across all consumer segments and a more promotional pricing environment in the fitness segment. Operating margin is expected to be approximately 21.5% as the company continue to invest in research & development and advertising. Given an increased tax rate in the quarter, the resulting second quarter diluted earnings per share (EPS) is expected to be in the range of $0.70 to $0.72. For the full year, the company continues to expect revenue of approximately $2.9 billion, unchanged from prior guidance. Total company gross margin is expected to be in the range of 54% - 55% driven primarily by currency movements and promotional pricing. Previously, gross margin was expected to be approximately 56%. With expected increased investments in advertising and research & development, the company expects an operating margin in the range of 20% - 21% compared to prior guidance of 23%. Given an effective tax rate of 18% to 19%, the company now expects pro forma diluted EPS of approximately $2.65 for full year 2015, compared to prior guidance of $3.10. The pro forma EPS excludes the impact of the first quarter loss associated with translation of assets and liabilities held in non-functional currencies by global subsidiaries.

Garmin Ltd. to Report Q2, 2015 Results on Jul 29, 2015

Garmin Ltd. announced that they will report Q2, 2015 results at 10:30 AM, US Eastern Standard Time on Jul 29, 2015

 

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GEY Competitors

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Industry Analysis

GEY

Industry Average

Valuation GEY Industry Range
Price/Earnings 30.7x
Price/Sales 2.8x
Price/Book 2.5x
Price/Cash Flow 30.5x
TEV/Sales 2.5x
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