Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Garmin Ltd.    GRMN   CH0114405324

Delayed Quote. Delayed  - 08/26 10:00:00 pm
50.2 USD   -0.63%
08/26 GARMIN : reg; to embark on $200 million campus expansion
08/25 GARMIN : reg; adds luxury and style to multisport training with the ..
08/18 GARMIN : Introducing Face-It™ – a custom watch face app ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Garmin Ltd. : Garmin® Ltd. Selected to Join S&P 500

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/11/2012 | 06:53pm CEST

Schaffhausen, Switzerland/December 6, 2012/Business Wire - Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced that it will become a component in the S&P 500 index after the close of trading on Tuesday, December 11.

"The S&P 500 index is widely recognized as a bellwether of the American equities market and we are honored to be listed among some of the most recognizable and enduring brands in the world," said Dr. Min Kao, chairman and CEO of Garmin Ltd. "This is tremendous recognition for our company and our commitment to long-term, sustainable growth. We'd like to thank our associates for helping us achieve this significant milestone."

The S&P 500 is an index of 500 large-cap companies from leading industries that is widely used as a benchmark for investors and a gauge of the overall performance of the U.S. stock market. The company will be added to the S&P 500 GICS (Global Industry Classification Standard) Consumer Electronics Sub-Industry index.

Since its inception in 1989, Garmin has delivered more than 100 million products, most of them enabled with GPS - far more than any other navigation provider. Garmin provides a wide range of products and applications in the navigation industry. It has a leadership position in each of the markets it serves, including automotive, aviation, marine, fitness, and outdoor recreation.

For more information, visit www.garmin.com, www.garmin.blogs.com, and http://twitter.com/garmin.

About Garmin Ltd.

The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 - most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries. S&P is a registered trademark of Standard & Poor's Financial Services LLC.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 31, 2011, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GARMIN LTD.
08/26 GARMIN : reg; to embark on $200 million campus expansion
08/25 GARMIN : reg; adds luxury and style to multisport training with the introduction..
08/18 GARMIN : Introducing Face-It™ – a custom watch face app for Connect ..
08/16 GARMIN : Wearable Medical Devices and the Internet of Things
08/02 GARMIN : reg; introduces the Rino® 750 and 755t rugged GPS Navigator with two-wa..
07/27DJGARMIN : Shares Soar on Strong Earnings
07/27 GARMIN : Reports Second Quarter Revenue and EPS Growth; Raises Guidance
07/25 GARMIN : reg; introduces G5 electronic flight instrument for certificated aircra..
07/21 GARMIN : reg; And Jeppesen Partner To Expand Garmin Pilot App Capabilities
07/21 GARMIN : ® introduces new subscriptions for cost-effective datalink weather, tex..
More news
Sector news : Communications & Networking - NEC
08/26DJMettler-Toledo to Join S&P 500
08/25DJChina Sets New Tone in Drafting Cybersecurity Rules
08/25 ZTE : Chinese telecom firm ZTE books 9.3 percent rise in H1 profit on 4G growth
08/25DJHandelsbanken Sells Entire 6.8% Stake in Industrivarden
08/23DJRenesas Weighs Chip Firm Buy -- WSJ
More sector news : Communications & Networking - NEC
News from SeekingAlpha
08/26 Is Fitbit Just Another Fad Stock?
08/26 Garmin sets $200M expansion for Kansas campus
08/24 Garmin -5.5% as Goldman Sachs downgrades to Sell
08/23 Could Fitbit Follow In Apple's Footsteps?
08/22 Garmin -2% as Raymond James downgrades to Hold on valuation
Advertisement
Financials ($)
Sales 2016 2 911 M
EBIT 2016 558 M
Net income 2016 466 M
Finance 2016 1 427 M
Yield 2016 4,04%
P/E ratio 2016 20,53
P/E ratio 2017 19,91
EV / Sales 2016 2,79x
EV / Sales 2017 2,73x
Capitalization 9 542 M
More Financials
Chart GARMIN LTD.
Duration : Period :
Garmin Ltd. Technical Analysis Chart | GRMN | CH0114405324 | 4-Traders
Full-screen chart
Technical analysis trends GARMIN LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 46,6 $
Spread / Average Target -7,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Clifton A. Pemble President, Chief Executive Officer & Director
Min H. Kao Executive Chairman
Patrick Desbois Vice President-Operations
Douglas G. Boessen CFO, Treasurer & Financial Accounting Officer
Ed Link Vice President-Information Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GARMIN LTD.35.06%9 555
CISCO SYSTEMS, INC.15.45%156 223
QUALCOMM, INC.25.98%92 265
TELEFONAKTIEBOLAGET LM..-23.69%24 953
ALCATEL LUCENT-4.66%13 883
MOTOROLA SOLUTIONS INC12.78%12 858
More Results