Equities Analysts Offer Predictions for IRDM FY2025 Earnings

Iridium Communications Inc (NASDAQ:IRDM - Free Report) - Equities research analysts at Cantor Fitzgerald upped their FY2025 earnings estimates for shares of Iridium Communications in a report issued on Thursday, July 17th. Cantor Fitzgerald analyst C. Canfield now forecasts that the technology company will post earnings of $0.88 per share for the year, up from their previous estimate of $0.79. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share. Cantor Fitzgerald also issued estimates for Iridium Communications' FY2026 earnings at $0.89 EPS.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $214.88 million during the quarter, compared to the consensus estimate of $211.78 million. Iridium Communications had a net margin of 14.68% and a return on equity of 19.41%. During the same quarter in the prior year, the company posted $0.17 earnings per share.

A number of other research analysts also recently weighed in on the company. William Blair upgraded Iridium Communications from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 22nd. BWS Financial lowered their price target on Iridium Communications from $30.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen lowered Iridium Communications from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Oppenheimer began coverage on Iridium Communications in a report on Monday, May 5th. They set an "outperform" rating and a $34.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Iridium Communications presently has a consensus rating of "Moderate Buy" and an average target price of $34.25.

Iridium Communications Stock Up 0.7%

Shares of IRDM stock traded up $0.21 on Friday, reaching $32.29. 588,441 shares of the company's stock traded hands, compared to its average volume of 1,186,309. Iridium Communications has a 12-month low of $19.91 and a 12-month high of $35.85. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.36 and a current ratio of 1.99. The company has a market capitalization of $3.49 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 1.08 and a beta of 0.79. The business's 50 day moving average price is $28.49 and its two-hundred day moving average price is $27.96.

Institutional Investors Weigh In On Iridium Communications

A number of large investors have recently bought and sold shares of the business. ARK Investment Management LLC raised its holdings in Iridium Communications by 95.1% in the 1st quarter. ARK Investment Management LLC now owns 4,891,677 shares of the technology company's stock worth $133,641,000 after acquiring an additional 2,383,962 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Iridium Communications by 37.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,893,145 shares of the technology company's stock valued at $106,361,000 after purchasing an additional 1,064,093 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in Iridium Communications by 37.5% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 3,889,045 shares of the technology company's stock valued at $106,210,000 after purchasing an additional 1,061,465 shares during the period. Norges Bank bought a new stake in Iridium Communications during the 4th quarter valued at approximately $28,240,000. Finally, American Century Companies Inc. boosted its stake in Iridium Communications by 94.2% during the 4th quarter. American Century Companies Inc. now owns 1,735,842 shares of the technology company's stock valued at $50,374,000 after purchasing an additional 841,951 shares during the period. 84.36% of the stock is currently owned by institutional investors.

Iridium Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, June 13th. Iridium Communications's dividend payout ratio is presently 52.83%.

Iridium Communications Company Profile

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.