Zacks Research Has Positive Outlook for IRDM Q3 Earnings

Key Points

• Analysts at Zacks Research have raised their Q3 2025 EPS estimate for Iridium Communications to $0.25, increasing it from a prior forecast of $0.24.
• Iridium Communications recently declared a quarterly dividend of $0.15 per share, which represents a 7.1% increase from the previous dividend of $0.14.
• Institutional investors own 84.36% of Iridium Communications' stock, indicating strong institutional confidence in the company.

Iridium Communications Inc (NASDAQ:IRDM - Free Report) - Research analysts at Zacks Research upped their Q3 2025 EPS estimates for shares of Iridium Communications in a research report issued on Wednesday, August 13th. Zacks Research analyst Team now expects that the technology company will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.24. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications' Q4 2025 earnings at $0.24 EPS, FY2025 earnings at $0.96 EPS, Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.33 EPS, FY2026 earnings at $1.15 EPS and FY2027 earnings at $1.56 EPS.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last announced its quarterly earnings results 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). Iridium Communications had a net margin of 13.20% and a return on equity of 20.28%. The business had revenue of $216.91 million during the quarter, compared to the consensus estimate of $214.73 million. During the same period in the previous year, the business posted $0.27 EPS. Iridium Communications's revenue was up 7.9% compared to the same quarter last year.

IRDM has been the topic of several other research reports. Wall Street Zen cut shares of Iridium Communications from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Oppenheimer assumed coverage on shares of Iridium Communications in a research report on Monday, May 5th. They set an "outperform" rating and a $34.00 target price on the stock. Raymond James Financial reissued a "strong-buy" rating and set a $39.00 target price (down previously from $47.00) on shares of Iridium Communications in a research report on Friday, July 25th. Barclays dropped their target price on shares of Iridium Communications from $38.00 to $31.00 and set an "overweight" rating on the stock in a research report on Monday, July 28th. Finally, William Blair raised shares of Iridium Communications from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $34.33.

Iridium Communications Stock Performance

Shares of Iridium Communications stock traded down $0.75 during mid-day trading on Friday, hitting $23.90. 1,362,894 shares of the stock were exchanged, compared to its average volume of 1,403,018. Iridium Communications has a 12 month low of $19.91 and a 12 month high of $35.85. The company has a 50-day simple moving average of $28.39 and a 200 day simple moving average of $27.49. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.75 and a current ratio of 2.51. The company has a market capitalization of $2.54 billion, a P/E ratio of 24.14, a P/E/G ratio of 0.91 and a beta of 0.76.

Iridium Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.15 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Iridium Communications's previous quarterly dividend of $0.14. Iridium Communications's dividend payout ratio (DPR) is presently 60.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Quantinno Capital Management LP grew its stake in shares of Iridium Communications by 3.1% in the 2nd quarter. Quantinno Capital Management LP now owns 15,199 shares of the technology company's stock worth $459,000 after buying an additional 461 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Iridium Communications by 0.7% in the 2nd quarter. Intech Investment Management LLC now owns 66,921 shares of the technology company's stock worth $2,019,000 after buying an additional 473 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Iridium Communications by 37.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,757 shares of the technology company's stock worth $48,000 after buying an additional 476 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Iridium Communications by 3.7% in the 1st quarter. IFM Investors Pty Ltd now owns 13,402 shares of the technology company's stock worth $366,000 after buying an additional 480 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Iridium Communications by 14.1% in the 1st quarter. GAMMA Investing LLC now owns 3,961 shares of the technology company's stock worth $108,000 after buying an additional 488 shares in the last quarter. 84.36% of the stock is currently owned by hedge funds and other 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.