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

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
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.
03/22 GARMIN : announces EASA certification for all-in-one ADS-B transponders
03/15 GARMIN : reg; introduces a smaller dash cam with bigger features
03/15 GARMIN : reg; brings advanced navigation to the BMW® Motorrad Navigator VI
03/13 GARMIN LTD. : ex-dividend day
03/07 GARMIN : reg; announces new enhancements for the G500H glass flight display in R..
02/22 GARMIN : Reports Solid Fiscal 2016 Revenue and Operating Income Growth
02/21 GARMIN : reg; expands professional cycling team sponsorships
02/16 GARMIN : Yamaha selects Garmin® for new integrated marine display
02/07 GARMIN : reg; announces EASA approval of the G5 electronic flight instrument for..
01/23 GARMIN : reg; announces the Approach® G30, Adds a small but powerful handheld to..
More news
Sector news : Communications & Networking - NEC
03/23 ZTE : China's ZTE posts fourth-quarter net loss after U.S. sanction case fine
03/22 China's ZTE Corp pleads guilty in U.S. court in sanctions case
03/22 China's ZTE Corp pleads guilty in U.S. court in sanctions case
03/20DJQUALCOMM : Unveils Product for Lower-Priced Cell Phones
03/20DJQUALCOMM : Unveils Product for Lower-Priced Cell Phones
More sector news : Communications & Networking - NEC
News from SeekingAlpha
03/23 Don't Get Squashed In The New Short Squeeze ETF
03/20 Ignore GoPro, Buy Garmin Instead
03/10 Combined Tech+Comm Sector Safe Dividends Paced By Daktronics Alleged Gain In ..
02/24 4 Reasons Why The Stock Rally Is Not Trump-Related - Cramer's Mad Money (2/23..
02/23 Garmin -2.7% as analysts react to earnings with caution
Advertisement
Financials ($)
Sales 2017 3 002 M
EBIT 2017 607 M
Net income 2017 511 M
Finance 2017 1 714 M
Yield 2017 3,91%
P/E ratio 2017 18,88
P/E ratio 2018 18,95
EV / Sales 2017 2,64x
EV / Sales 2018 2,57x
Capitalization 9 636 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 14
Average target price 50,4 $
Spread / Average Target -1,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Clifton A. Pemble President, Chief Executive Officer & Director
Min H. Kao Executive Chairman
Douglas G. Boessen CFO, Treasurer & Financial Accounting Officer
Donald H. Eller Independent Director
Charles W. Peffer Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GARMIN LTD.5.38%9 636
CISCO SYSTEMS, INC.12.77%170 668
QUALCOMM, INC.-12.70%84 073
TELEFONAKTIEBOLAGET LM..8.88%22 016
HARRIS CORPORATION8.22%13 802
MOTOROLA SOLUTIONS INC0.94%13 784
More Results