Research on Garmin and ION Geophysical: Scientific Instrument Companies Announce Strong Results
LONDON, February 19, 2013 /PRNewswire/ --
Scientific instrument sector relies on technological innovation. The main stress of companies dealing in this sector is to expand their outreach and grow in emerging markets. ION Geophysical Corporation (NYSE: IO) plans to boost its business in Latin American region, whereas Garmin Ltd. (NASDAQ: GRMN) is cementing its position in Asia. Both these companies also put a lot of emphasis on the launches of new products and services. Overall, scenario in the sector looks promising. StockCall has posted free technical research reports on Garmin and ION Geophysical and these can be accessed by signing up at
http://www.stockcall.com/analysis
Garmin Expands in Asia
Garmin is all set to report its fourth quarter earnings on February 20th. The company is expected to report lower revenue and EPS. The company also has substantial stake in aerospace sector which is expected to suffer due to expenditure cut. However, the company is diversifying itself and launched a bevy of new products in the recent past. With improvement in auto sector, the company fortunes are expected to recover. Download the free report on Garmin Ltd. upon registration at
http://www.StockCall.com/GRMN021913.pdf
Garmin's stock lost 4 percent of its value on a YTD basis. However, it also offers 4.60 percent dividend yield with high payout ratio of 57 percent. With the steep loss in its share price, its high dividend yield loses the sheen. Its earnings declaration is expected to be a big catalyst for the stock price. Garmin also has robust balance sheet with zero debt and a solid cash position.
The company is taking steps to expand its business. It is targeting emerging markets like India where it signed a new deal with AutoForm to distribute its products. It is also developing low-end products to capture these markets. This exercise is expected to bring positive influence on the stock price and may lead to good return potential. Garmin is also focusing on high-end products to enjoy better margins. This multi pronged approach will help the company in building a diversified portfolio of products.
ION Geophysical Reports Strong Results
ION Geophysical Corporation is garnering insider interest. One of its Directors, James Lapeyre bought $174.5k worth of the company stock. The insider purchase is considered to be a good sign as the top management is generally privy to the news, not available to the general public yet. The share price is taking good strides as it is up 12 percent this year so far. It is expected to retain this positive momentum. ION Geophysical Corporation technical report can be accessed for free by signing up at
http://www.StockCall.com/IO021913.pdf
ION Geophysical recently reported its fourth quarter and full year results. Its revenue increased 8 percent to $173.1 million while its adjusted EBITDA grew 6 percent to $62.7 million. Its full year result was equally impressive with 16 percent rise in revenue to $526.3 million. Its annual net income stood at 39 cents per share, up from 22 cents per share it had earned for the previous year.
The company is growing both organically as well through acquisitions. ION is bullish on expanding its business in offshore Latin America and the Arctic. These developments will provide positive fillip to its stock price. ION Geophysical also reported healthier margins, providing better cushion to the company. The company also plans to boost its exploration budget to grow its business. Overall, ION Geophysical provides a good investment opportunity.
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