Iridium Communications (IRDM) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IRDM shares.
View IRDM analyst ratings or view top-rated stocks.

6 analysts have issued 12-month target prices for Iridium Communications' stock. Their IRDM share price targets range from $30.00 to $72.00. On average, they anticipate the company's share price to reach $49.80 in the next twelve months. This suggests a possible upside of 101.5% from the stock's current price.
View analysts price targets for IRDM or view top-rated stocks among Wall Street analysts.

Iridium Communications' stock was trading at $41.16 at the beginning of the year. Since then, IRDM shares have decreased by 40.0% and is now trading at $24.71.
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Iridium Communications saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,590,000 shares, an increase of 5.6% from the March 15th total of 3,400,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is currently 3.2 days. Currently, 3.3% of the shares of the company are short sold.
View Iridium Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our IRDM earnings forecast.

Iridium Communications will be holding an earnings conference call on Thursday, April 18th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Iridium Communications Inc. (NASDAQ:IRDM) released its quarterly earnings results on Thursday, February, 15th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.27. The technology company had revenue of $194.74 million for the quarter, compared to analyst estimates of $192.13 million. Iridium Communications had a net margin of 1.95% and a trailing twelve-month return on equity of 1.58%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) earnings per share.

Iridium Communications announced a quarterly dividend on Friday, February 2nd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.13 per share on Friday, March 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for IRDM.

Iridium Communications (NASDAQ:IRDM) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.11%. The dividend payout ratio is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IRDM will have a dividend payout ratio of 70.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRDM.

ETFs with the largest weight of Iridium Communications (NASDAQ:IRDM) stock in their portfolio include ARK Space Exploration & Innovation ETF (ARKX), ARK Autonomous Technology & Robotics ETF (ARKQ), Procure Space ETF (UFO), Pacer Data & Infrastructure Real Estate ETF (SRVR), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), SPDR S&P Telecom ETF (XTL) and iShares U.S. Telecommunications ETF (IYZ).

Iridium Communications declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 27th 2023, which authorizes the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

48 employees have rated Iridium Communications Chief Executive Officer Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Iridium Communications investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Verizon Communications (VZ), Block (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Boeing (BA).

Iridium Communications' stock is owned by a number of retail and institutional investors. Top institutional investors include Cullen Investment Group LTD. (0.03%) and Counterpoint Mutual Funds LLC (0.01%). Insiders that own company stock include A B Krongard, Barry West, Bryan J Hartin, Henrik O Schliemann, Kathleen A Morgan, Leon Anthony Frazier, Matthew J Desch, Parker William Rush, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Suzanne E Mcbride, Thomas C Canfield, Thomas Fitzpatrick and Timothy Kapalka.
View institutional ownership trends.

Shares of IRDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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