Analysts Issue Forecasts for IRDM FY2026 Earnings

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

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

Iridium Communications Price Performance

Shares of IRDM stock traded down $0.59 on Wednesday, hitting $28.64. 854,075 shares of the stock traded hands, compared to its average volume of 1,165,028. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.28 and a beta of 0.75. Iridium Communications has a 52 week low of $19.91 and a 52 week high of $35.85. The firm has a 50 day simple moving average of $25.33 and a two-hundred day simple moving average of $27.83. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.73 and a quick ratio of 1.25.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The technology company reported $0.27 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 net margin of 13.58% and a return on equity of 15.66%. During the same period last year, the firm earned $0.17 EPS.

Iridium Communications Announces Dividend

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

Institutional Trading of Iridium Communications

A number of large investors have recently made changes to their positions in IRDM. Van ECK Associates Corp increased its holdings in shares of Iridium Communications by 148.5% in the 4th quarter. Van ECK Associates Corp now owns 139,636 shares of the technology company's stock worth $4,052,000 after buying an additional 83,454 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Iridium Communications by 491.9% in the 4th quarter. Allworth Financial LP now owns 5,747 shares of the technology company's stock worth $167,000 after buying an additional 4,776 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Iridium Communications by 1.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 76,836 shares of the technology company's stock worth $2,230,000 after purchasing an additional 866 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Iridium Communications during the 4th quarter worth about $2,791,000. Finally, Private Advisor Group LLC boosted its stake in shares of Iridium Communications by 91.0% during the 4th quarter. Private Advisor Group LLC now owns 96,702 shares of the technology company's stock worth $2,806,000 after purchasing an additional 46,069 shares during the period. 84.36% of the stock is currently owned by institutional investors.

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.