Boston, MA 02\/19\/2014 (wallstreetpr) –\u00a0Navigation device maker Garmin td (NASDAQ:GRMN) <\/b>\u00a0clocked an all-time five year high of $52.72 on Wednesday trading session after posting impressive profits for its fourth quarter. Net income for the quarter rose from lows of $129.3 million reported in F2012 to highs of $163.6 million. Garmin earnings per share for the quarterexcluding items stood at 76 cents that beat consensus estimates of 62 cents.<\/p>\n
Garmin\u2019s Q4 result analysis<\/b><\/p>\n
Garmin td (NASDAQ:GRMN) <\/b>in its full year outlook expects to record revenue in the range of $2.6 billionand $2.7 billion with earnings per share of $2.50 to $2.60. The major concern with the fourth quarter results was the decline in\u00a0 sales \u00a0for its major segment personal navigation devices\u00a0 which \u00a0was once the pinnacle of the industry, the segment \u00a0slumped by highs of 12% to contribute total revenues of $382.5 million. The company\u2019s other segment performed better than expected rising in the market by 14% to account almost more than half of the company\u2019s total sales.<\/p>\n
Garmin td (NASDAQ:GRMN) <\/b>reported a spike of 25% for its audio panels and collision avoidance systems that contributed total sales of $87.4 million, its fitness unit on the other hand was up by 14% in the quarter to clock in at $118.6 million. The company\u2019s shares are currently rated as a \u201cBuy\u201d with a score of B by TheStreet rating team. The company is showing significant strengths in the industry that include increased stock rice with minimal debt levels. Garmin continues to record improved profit margins with a good stable cash flow from its operations.<\/p>\n
Garmin td (NASDAQ:GRMN)<\/b>\u2019s stock continue to trade higher in the market compared to a year ago as a result of robust growth in the market. The company stock also commandsan impressive upside potential with the company in a clear path of free of anydebts. Garmin commands a quick ratio of 1.72 and indication of its ability to cover short term liquidity issues.<\/p>\n
Garmin td (NASDAQ:GRMN) <\/b>has a high gross profit margin of 56.61% with net profit margins of 29.15% that has surpassed the industry average. Garmin net operating cash flow has increased by over 31.35% when compared to the same quarter a year ago to reach maximum levels of $216.61 million. The company net income growth rate has improved compared to last year\u2019s same quarter slashing that of S&P 500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 02\/19\/2014 (wallstreetpr) –\u00a0Navigation device maker Garmin td (NASDAQ:GRMN) \u00a0clocked an all-time five year high of $52.72 on Wednesday trading session after posting impressive […]<\/p>\n","protected":false},"author":2,"featured_media":15621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[4658,1088],"stock_ticker":[],"class_list":["post-15620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-garmin-td-nasdaqgrmn","tag-nasdaqgrmn","entry"],"acf":[],"yoast_head":"\n