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

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Garmin Ltd. : Garmin Announces Availability of GTN 3.0 Software

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01/02/2013 | 04:45pm CET

Today Garmin announced the availability of GTN software version 3.0, a free software update that brings expanded features and capabilities to the GTN series touchscreen avionics.

The new features include display support for weather radar, advanced ADS-B capabilities, worldwide connectivity, cross fill with the GNS 430W/530W series and geo-referenced FliteCharts. The latest GTN software also incorporates other improvements such as the ability to graphically edit direct-to legs, the ability to sort airway exit points geographically, bigger, bolder, and relevant airspace with the Smart Airspace feature, the ability to toggle off and on certain European airspaces and TCAD traffic display.

GTN software version 3.0 has received Approved Model List Supplemental Type Certificate (AML STC) approval, and is available immediately as a free software update for current GTN owners (installation charges may apply). An upgrade to GNS version 5.0 software, expected to be available in Q1 2013, is required for enabling GNS crossfill functionality.

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Financials ($)
Sales 2016 2 953 M
EBIT 2016 583 M
Net income 2016 483 M
Finance 2016 1 691 M
Yield 2016 3,98%
P/E ratio 2016 20,14
P/E ratio 2017 19,28
EV / Sales 2016 2,72x
EV / Sales 2017 2,66x
Capitalization 9 707 M
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Mean consensus HOLD
Number of Analysts 15
Average target price 48,0 $
Spread / Average Target -6,8%
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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
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