Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

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

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

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
Latest news on GARMIN
05:44p GARMIN : wins optical heart rate IP dispute
01:04p INTRODUCING DELTA INBOUNDS™ BY : Wireless dog containment system and so mu..
01:04p GARMIN : reg; introduces the next generation of BarkLimiter™ automatic bar..
01/17 GARMIN LTD. : schedules its fourth quarter 2017 earnings call
01/17 GARMIN : reg; earns two Supplier of the Year awards from Embraer
01/10 GARMIN : ® introduces Xero™, a groundbreaking auto-ranging bow sight
01/08 GARMIN : The new Garmin® Speak Plus with Amazon Alexa brings Amazon Alexa to a v..
01/08 GARMIN : reg; introduces the Forerunner 645 Music – a GPS running watch wi..
01/03 GARMIN : receives approval for and begins shipment of the GFC 500 autopilot in s..
2017 GARMIN : reg; introduces the vívofit® 4 activity tracker
More news
News from SeekingAlpha
01/11 GoPro Is Making Investors Camera Shy
2017 Xperi ID'd As Top Safer' Dividend Tech Sector Gains By Brokers Despite Debt, ..
2017 The Fitbit Ionic We Bought Tells Us The Time Is Nigh
2017 FITBIT : Gamble Paying Off
2017 Garmin Ltd. 2017 Q3 - Results - Earnings Call Slides
Financials ($)
Sales 2017 3 070 M
EBIT 2017 659 M
Net income 2017 673 M
Finance 2017 1 743 M
Yield 2017 3,24%
P/E ratio 2017 17,25
P/E ratio 2018 21,44
EV / Sales 2017 3,33x
EV / Sales 2018 3,24x
Capitalization 11 976 M
Duration : Period :
Garmin Technical Analysis Chart | GRMN | CH0114405324 | 4-Traders
Technical analysis trends GARMIN
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 13
Average target price 57,3 $
Spread / Average Target -10%
EPS Revisions
Clifton A. Pemble President, Chief Executive Officer & Director
Min H. Kao Executive Chairman
Douglas G. Boessen CFO, Treasurer & Principal Accounting Officer
Donald H. Eller Independent Director
Charles W. Peffer Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GARMIN7.22%11 976
THALES1.54%23 608
U-BLOX HOLDING AG10.74%1 531
OHB SE7.03%1 019