Last €44.35 EUR
Change Today +0.025 / 0.06%
Volume 250.0
As of 1:16 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

garmin ltd (GEY) Snapshot

Open
€43.83
Previous Close
€44.33
Day High
€44.35
Day Low
€43.30
52 Week High
02/18/15 - €50.00
52 Week Low
03/17/14 - €37.00
Market Cap
8.5B
Average Volume 10 Days
953.3
EPS TTM
--
Shares Outstanding
191.8M
EX-Date
03/12/15
P/E TM
--
Dividend
€2.04
Dividend Yield
3.24%
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: $650.3K
Co-Founder and Executive Chairman
Total Annual Compensation: $350.3K
Vice President, General Counsel and Secretary
Total Annual Compensation: $515.2K
Managing Director of Auto OEM and Vice Presid...
Total Annual Compensation: $443.3K
Vice President of Worldwide Sales
Total Annual Compensation: $467.3K
Compensation as of Fiscal Year 2013.

garmin ltd (GEY) Key Developments

Garmin Ltd. Proposes Dividends for the Four Installments, Payable on June 30, 2015, September 30, 2015, December 31, 2015, and March 31, 2016; Approves Final Dividend Installment, Payable on March 31, 2015

The board of directors of Garmin Ltd. intends to recommend to the shareholders for approval at the annual meeting to be held on June 5, 2015, a cash dividend in the amount of $2.04 per share (subject to possible adjustment based on the total amount of the dividend in Swiss Francs as approved at the annual meeting), payable in four equal installments on dates to be determined by the Board. The board currently anticipates the scheduling of the dividend in four installments as, the dividend of each $0.51 per share on June 30, 2015, September 30, 2015, December 31, 2015, and March 31, 2016 periods will be payable to the shareholders recorded on June 16, 2015, September 15, 2015, December 15, 2015, and March 15, 2016, respectively. In addition, the board of directors has established March 31, 2015 as the payment date for the final dividend installment of $0.48 per share, with a record date of March 16, 2015, per the prior approval at the 2014 annual shareholders’ meeting.

Garmin Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 27, 2014; Provides Earnings Guidance for 2015

Garmin Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 27, 2014. For the quarter, the company's net sales were $803,306,000 compared to $759,694,000 for the same period of last year. Operating income was $176,000,000 compared to $172,471,000 for the same period of last year. Income before income taxes was $199,896,000 compared to $204,539,000 for the same period of last year. Net income was $210,245,000 compared to $163,585,000 for the same period of last year. Net income per diluted share was $1.09 compared to $0.83 for the same period of last year. Free cash flow was $126,507,000 compared to $135,055,000 for the same period of last year. Pro forma diluted earnings per share were $0.77 compared to $0.76 reported a year ago. Net cash provided by operating activities was $149,813,000 compared to $149,813,000 for the same period of last year. Purchases of property and equipment were $14,758,000 compared to $14,758,000 for the same period of last year. For the year, the company's net sales were $2,870,658,000 compared to $2,631,851,000 for the same period of last year. Operating income was $690,626,000 compared to $574,032,000 for the same period of last year. Income before income taxes was $723,745,000 compared to $653,558,000 for the same period of last year. Net income was $364,211,000 compared to $612,412,000 for the same period of last year. Net income per diluted share was $1.88 compared to $3.12 for the same period of last year. Net cash provided by operating activities was $522,711,000 compared to $630,084,000 for the same period of last year. Purchases of property and equipment were $73,339,000 compared to $56,083,000 for the same period of last year. Purchase of intangible assets was $4,720,000 compared to $1,122,000 for the same period of last year. Free cash flow was $527,509,000 compared to $574,001,000 for the same period of last year. Pro forma diluted earnings per share were $3.10 compared to $2.62 reported a year ago. For 2015, the company expected revenue of $2.9 billion, gross margin of 56%, operating income of $675 million, tax rate in range of 16% to 17% and pro forma EPS of $3.10.

Garmin Ltd. Unveils In-Hull Transducer Mount for Kayak Fishermen

Garmin Ltd. has unveiled an in-hull transducer mount built with kayak fishermen in mind. With the In-Hull Kayak Mount, users can mount a transducer inside the hull of a kayak, an ideal installation method for this type of boat, for use with a Garmin fishfinder or GPS/sonar combo. This versatile, easy-to-install mounting solution will work with nearly any type of kayak. It's compatible with transducers that support all current Garmin echo fishfinders and echo portable kits, as well as the echoMAP dv GPS/sonar combos and some GPSMAP GPS/sonar combos. The in-hull mount protects Garmin HD-ID traditional or GT20 transducers from scrapping against the many obstructions that kayak fishermen face on the water. When selecting a compatible transducer, users can choose a dual-beam HD-ID transducer or a DownVu transducer for an ultra-clear sonar picture of objects, structure and fish that pass below the boat. Installation of the In-Hull Kayak Mount is quick and easy and doesn't require tools. Simply attach the adhesive backing to the hull, fill the pocket created between the pad and the hull with water, and place the transducer in the pocket to remove the air. Once installed, the mount has the ability to withstand continuous water submersion without releasing. The In-Hull Kayak Mount is scheduled to be available in the second quarter of 2015 for a suggested retail price of $19.99.

 

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Industry Analysis

GEY

Industry Average

Valuation GEY Industry Range
Price/Earnings 26.5x
Price/Sales 3.3x
Price/Book 2.8x
Price/Cash Flow 26.1x
TEV/Sales 2.8x
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