Research Analysts Set Expectations for IRDM FY2025 Earnings

Key Points

• BWS Financial has lowered its FY2025 earnings estimate for Iridium Communications to $1.03 per share, down from a previous estimate of $1.08, while maintaining a "Neutral" rating.
• Iridium Communications recently missed the consensus EPS estimate for Q2, reporting $0.20 compared to the expected $0.23, despite generating revenue of $216.91 million, surpassing estimates of $214.73 million.
• The company declared a quarterly dividend increase to $0.15, with a dividend yield of 2.41%, reflecting a commitment to returning value to shareholders.

Iridium Communications Inc (NASDAQ:IRDM - Free Report) - Stock analysts at BWS Financial decreased their FY2025 earnings per share estimates for Iridium Communications in a report released on Monday, July 28th. BWS Financial analyst H. Khorsand now forecasts that the technology company will post earnings per share of $1.03 for the year, down from their previous forecast of $1.08. BWS Financial has a "Neutral" rating and a $25.00 price target on the stock. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share. BWS Financial also issued estimates for Iridium Communications' Q4 2025 earnings at $0.24 EPS.

Several other equities analysts also recently commented on IRDM. Wall Street Zen downgraded Iridium Communications from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Barclays dropped their target price on Iridium Communications from $38.00 to $31.00 and set an "overweight" rating for the company in a research report on Monday, July 28th. Raymond James Financial reiterated a "strong-buy" rating and issued a $39.00 target price (down from $47.00) on shares of Iridium Communications in a research report on Friday, July 25th. Oppenheimer initiated coverage on Iridium Communications in a research report on Monday, May 5th. They issued an "outperform" rating and a $34.00 target price for the company. Finally, William Blair upgraded Iridium Communications from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.33.

Iridium Communications Trading Up 2.0%

Iridium Communications stock traded up $0.48 during trading hours on Thursday, hitting $24.66. The stock had a trading volume of 1,141,611 shares, compared to its average volume of 1,390,049. The company has a quick ratio of 1.75, a current ratio of 2.51 and a debt-to-equity ratio of 3.82. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 0.89 and a beta of 0.76. Iridium Communications has a one year low of $19.91 and a one year high of $35.85. The business's 50 day simple moving average is $28.78 and its 200-day simple moving average is $27.85.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). The business had revenue of $216.91 million during the quarter, compared to analyst estimates of $214.73 million. Iridium Communications had a net margin of 13.20% and a return on equity of 20.28%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share.

Hedge Funds Weigh In On Iridium Communications

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its stake in Iridium Communications by 4.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,060 shares of the technology company's stock worth $553,000 after purchasing an additional 729 shares during the period. Sei Investments Co. grew its stake in Iridium Communications by 11.1% during the fourth quarter. Sei Investments Co. now owns 153,672 shares of the technology company's stock worth $4,460,000 after purchasing an additional 15,388 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Iridium Communications during the fourth quarter worth approximately $609,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Iridium Communications by 32.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 93,010 shares of the technology company's stock worth $2,799,000 after purchasing an additional 22,654 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Iridium Communications by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 631,852 shares of the technology company's stock worth $18,336,000 after purchasing an additional 10,195 shares during the period. 84.36% of the stock is currently owned by institutional investors.

Iridium Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Iridium Communications's previous quarterly dividend of $0.14. The ex-dividend date is Monday, September 15th. Iridium Communications's dividend payout ratio is 56.57%.

About Iridium Communications

Iridium Communications Inc provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services.