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Last $37.99 USD
Change Today -0.17 / -0.45%
Volume 1.3M
GRMN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

garmin ltd (GRMN) Snapshot

Open
$37.76
Previous Close
$38.16
Day High
$38.22
Day Low
$37.54
52 Week High
11/20/14 - $60.19
52 Week Low
08/24/15 - $35.35
Market Cap
7.3B
Average Volume 10 Days
1.7M
EPS TTM
$2.62
Shares Outstanding
190.9M
EX-Date
09/11/15
P/E TM
14.5x
Dividend
$2.04
Dividend Yield
5.13%
Current Stock Chart for GARMIN LTD (GRMN)

garmin ltd (GRMN) 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 (GRMN) 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 (GRMN) Key Developments

Garmin Ltd. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015

Garmin Ltd. Presents at Oppenheimer 18th Annual Technology, Internet & Communications Conference 2015, Aug-11-2015 . Venue: Four Seasons Hotel, 200 Boylston Street, Boston, MA 02116, United States.

Garmin Ltd. Confirms Quarterly Dividend, Payable on September 30, 2015; Provides Outlook for the Next Two Quarterly Dividends

The Garmin Ltd. reported that its board of directors has established September 30, 2015 as the payment date for the next dividend installment of $0.51 per share with a record date of September 15, 2015, per the approval previously provided at the 2015 annual shareholders meeting. The board currently anticipates the scheduling of the remaining quarterly dividend as follows: Dividend amount of $0.51 per share, dividend date of December 31, 2015 and record date of December 15, 2015. Dividend amount of $0.51 per share, dividend date of March 31, 2016 and record date of March 15, 2016.

Garmin Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2015; Revised Earnings Guidance for the Year 2015

Garmin Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. For the quarter, the company’s net sales were $773,830,000 compared to $777,848,000 a year ago. Operating income was $166,664,000 compared to $218,754,000 a year ago. Income before income taxes was $173,558,000 compared to $208,720,000 a year ago. Net income was $137,753,000 or $0.72 per basic and diluted share, compared to $181,983,000 or $0.93 per diluted share a year ago. Net income (pro forma) was $138,140,000 or $0.72 per basic and diluted share, compared to $199,751,000 or $1.02 per diluted share a year ago. Net cash used in operating activities was $97,359,000 compared to net cash provided by operating activities of $164,179,000 a year ago. Purchases of property and equipment were $21,589,000 compared to $21,224,000 a year ago. For the six months, the company’s net sales were $1,359,224,000 compared to $1,361,069,000 a year ago. Operating income was $278,362,000 compared to $339,123,000 a year ago. Income before income taxes was $249,753,000 compared to $351,187,000 a year ago. Net income was $204,545,000 or $1.07 per basic and diluted share, compared to $300,800,000 or $1.54 per diluted share a year ago. Net cash used in operating activities was $15,704,000 compared to net cash provided by operating activities of $235,352,000 a year ago. Purchases of property and equipment were $39,732,000 compared to $36,761,000 a year ago. Purchase of intangible assets was $1,939,000 compared to $1,556,000 a year ago. Net income (pro forma) was $241,195,000 or $1.26 per basic and diluted share, compared to $307,278,000 or $1.57 per diluted share a year ago. For 2015, the company announced that the global currency situation is expected to continue to create downward pressure on revenue growth and profitability for the remainder of the year. In addition, the company expects to incur higher advertising costs in the back half of 2015 in order to further solidify position in key markets. As pre-announced, the company updated guidance to reflect these factors. The company continues to anticipate revenues of approximately $2.9 billion which is unchanged from previous guidance despite the approximately $160 million of currency driven impact that is now built into forecast. Due to unfavorable currency movements and competitive pricing dynamics in fitness, the company now expects gross margin in the range of 54-55% with additional advertising resulting in an expected operating margin of 20-21%. The expected effective tax rate increases to 18-19% due to lower operating income and geographic income mix. The result of these changes is expected pro forma EPS of approximately $2.65.

 

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Industry Analysis

GRMN

Industry Average

Valuation GRMN Industry Range
Price/Earnings 27.4x
Price/Sales 2.5x
Price/Book 2.3x
Price/Cash Flow 29.6x
TEV/Sales 2.4x
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