Iridium Communications Inc (NASDAQ:IRDM - Free Report) - Research analysts at Zacks Research increased their FY2026 EPS estimates for Iridium Communications in a report released on Tuesday, November 10th. Zacks Research analyst Team now expects that the technology company will post earnings of $0.99 per share for the year, up from their previous estimate of $0.92. The consensus estimate for Iridium Communications' current full-year earnings is $0.98 per share. Zacks Research also issued estimates for Iridium Communications' Q4 2026 earnings at $0.22 EPS, Q3 2027 earnings at $0.25 EPS, Q4 2027 earnings at $0.23 EPS, FY2027 earnings at $0.95 EPS and FY2028 earnings at $1.01 EPS.
Other analysts also recently issued research reports about the company. New Street Research upgraded Iridium Communications from a "neutral" rating to a "buy" rating in a research report on Wednesday, July 22nd. Weiss Ratings raised Iridium Communications from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.20.
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Iridium Communications Price Performance
Shares of NASDAQ:IRDM opened at $47.29 on Thursday. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.61 and a beta of 0.87. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.91 and a quick ratio of 0.72. Iridium Communications has a one year low of $15.65 and a one year high of $57.18. The company's fifty day moving average price is $46.43 and its 200-day moving average price is $40.56.
Iridium Communications (NASDAQ:IRDM - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.34 by $0.64. The business had revenue of $245.73 million for the quarter, compared to the consensus estimate of $236.30 million. Iridium Communications had a net margin of 18.06% and a return on equity of 22.04%. During the same period in the prior year, the firm earned $0.35 earnings per share.
Insiders Place Their Bets
In other news, Director Thomas Fitzpatrick sold 15,046 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $49.20, for a total value of $740,263.20. Following the transaction, the director owned 43,260 shares of the company's stock, valued at $2,128,392. This trade represents a 25.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathleen Morgan sold 33,192 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.35, for a total value of $1,671,217.20. Following the transaction, the insider owned 124,871 shares of the company's stock, valued at approximately $6,287,254.85. This trade represents a 21.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 381,688 shares of company stock valued at $19,146,390. 2.70% of the stock is currently owned by corporate insiders.
Institutional Trading of Iridium Communications
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Iridium Communications in the 2nd quarter worth approximately $737,587,000. Van ECK Associates Corp boosted its stake in shares of Iridium Communications by 50.9% during the second quarter. Van ECK Associates Corp now owns 2,270,799 shares of the technology company's stock valued at $124,553,000 after purchasing an additional 766,171 shares during the period. Dimensional Fund Advisors LP grew its stake in Iridium Communications by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,061 shares of the technology company's stock worth $59,884,000 after acquiring an additional 65,937 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Iridium Communications in the second quarter worth approximately $62,751,000. Finally, Principal Financial Group Inc. grew its stake in Iridium Communications by 2.2% in the first quarter. Principal Financial Group Inc. now owns 508,290 shares of the technology company's stock worth $14,100,000 after purchasing an additional 10,702 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors.
Latest Iridium Communications News
These are some of the IRDM news items that stood out recently:
- Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $0.99 from $0.92, slightly above the cited $0.98 consensus estimate. MarketBeat IRDM coverage
- Negative Sentiment: Zacks lowered estimates across multiple future periods: FY2027 EPS to $0.95 from $1.13, FY2028 to $1.01 from $1.32, Q4 2027 to $0.23 from $0.31, and Q3 2027 to $0.25 from $0.30. It also reduced its Q4 2026 estimate to $0.22 from $0.26. The breadth of these cuts suggests a softer earnings outlook beyond FY2026 and is the clearest potential headwind for IRDM shares. MarketBeat IRDM coverage
Iridium Communications Company Profile
(
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Iridium Communications provides satellite voice and data services through a low Earth orbit constellation designed to deliver coverage across the globe, including polar regions and remote areas beyond the reach of many terrestrial networks. Its customers include businesses, government agencies, and individuals working on land, at sea, and in the air. The company offers satellite phones, voice and broadband connectivity, push-to-talk communications, and Internet of Things services. Its Iridium Certus platform supports voice and data applications, while its network also carries safety and operational communications for sectors such as maritime, aviation, and government.
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