Cantor Fitzgerald Weighs in on IRDM FY2026 Earnings

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for shares of Iridium Communications in a report issued on Monday, June 9th. Cantor Fitzgerald analyst C. Canfield anticipates that the technology company will post earnings of $0.87 per share for the year. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share.

Several other equities analysts have also recently weighed in on IRDM. Wall Street Zen cut shares of Iridium Communications from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. BWS Financial lowered their price target on shares of Iridium Communications from $30.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. William Blair raised shares of Iridium Communications from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 22nd. Barclays decreased their price objective on Iridium Communications from $45.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Finally, Oppenheimer started coverage on Iridium Communications in a report on Monday, May 5th. They set an "outperform" rating and a $34.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.25.

Iridium Communications Stock Down 2.0%

Iridium Communications stock traded down $0.59 during midday trading on Wednesday, reaching $28.64. The stock had a trading volume of 854,075 shares, compared to its average volume of 1,163,213. The stock has a market capitalization of $3.10 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The firm's fifty day simple moving average is $25.21 and its 200-day simple moving average is $27.85. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.25 and a current ratio of 1.73. Iridium Communications has a 1-year low of $19.91 and a 1-year high of $35.85.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $214.88 million for the quarter, compared to the consensus estimate of $211.78 million. Iridium Communications had a return on equity of 15.66% and a net margin of 13.58%. During the same quarter last year, the business posted $0.17 EPS.

Iridium Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, June 13th. Iridium Communications's dividend payout ratio (DPR) is presently 52.83%.

Institutional Investors Weigh In On Iridium Communications

Institutional investors and hedge funds have recently modified their holdings of the company. ARK Investment Management LLC raised its stake in Iridium Communications by 95.1% in the first quarter. ARK Investment Management LLC now owns 4,891,677 shares of the technology company's stock valued at $133,641,000 after buying an additional 2,383,962 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of 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 worth $106,361,000 after acquiring an additional 1,064,093 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in Iridium Communications by 37.5% in 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 acquiring an additional 1,061,465 shares during the period. Norges Bank acquired a new stake in Iridium Communications during the 4th quarter valued at $28,240,000. Finally, American Century Companies Inc. boosted its position in Iridium Communications by 94.2% during the fourth quarter. American Century Companies Inc. now owns 1,735,842 shares of the technology company's stock worth $50,374,000 after purchasing an additional 841,951 shares during the period. 84.36% of the stock is owned by institutional investors.

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.