Iridium Communications (IRDM) to Release Earnings on Thursday

Iridium Communications (NASDAQ:IRDM - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect Iridium Communications to post earnings of $0.23 per share and revenue of $214.73 million for the quarter.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The business 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 14.68% and a return on equity of 19.41%. During the same quarter last year, the company posted $0.17 earnings per share. On average, analysts expect Iridium Communications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Iridium Communications Stock Performance

Shares of Iridium Communications stock traded up $0.92 during midday trading on Thursday, hitting $32.11. The company had a trading volume of 1,883,597 shares, compared to its average volume of 1,183,523. The business's 50 day simple moving average is $28.25 and its two-hundred day simple moving average is $27.93. The stock has a market cap of $3.47 billion, a PE ratio of 30.29, a P/E/G ratio of 1.07 and a beta of 0.79. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.99 and a quick ratio of 1.36. Iridium Communications has a 1-year low of $19.91 and a 1-year high of $35.85.

Iridium Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.14 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.56 annualized dividend and a dividend yield of 1.74%. Iridium Communications's payout ratio is 52.83%.

Institutional Investors Weigh In On Iridium Communications

A number of institutional investors have recently bought and sold shares of the business. United Services Automobile Association acquired a new stake in Iridium Communications during the first quarter worth $218,000. Royal Bank of Canada boosted its stake in shares of Iridium Communications by 33.0% in the 1st quarter. Royal Bank of Canada now owns 48,325 shares of the technology company's stock valued at $1,320,000 after purchasing an additional 11,985 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Iridium Communications by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 232,231 shares of the technology company's stock valued at $6,345,000 after purchasing an additional 33,191 shares in the last quarter. Amundi boosted its stake in shares of Iridium Communications by 1,243.0% in the 1st quarter. Amundi now owns 40,479 shares of the technology company's stock valued at $1,035,000 after purchasing an additional 37,465 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Iridium Communications by 16.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 539,566 shares of the technology company's stock valued at $14,741,000 after purchasing an additional 75,060 shares in the last quarter. Institutional investors and hedge funds own 84.36% of the company's stock.

Analyst Ratings Changes

IRDM has been the topic of several research analyst reports. BWS Financial lowered 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 note on Wednesday, April 23rd. William Blair upgraded shares of Iridium Communications from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 22nd. Oppenheimer started coverage on shares of Iridium Communications in a research note on Monday, May 5th. They issued an "outperform" rating and a $34.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Iridium Communications from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.25.

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.