Iridium Communications (IRDM) Expected to Announce Earnings on Thursday

Iridium Communications (NASDAQ:IRDM - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data 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 posted its quarterly earnings data on Tuesday, April 22nd. The technology company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.05. The company had revenue of $214.88 million for the quarter, compared to analyst estimates of $211.78 million. Iridium Communications had a net margin of 14.68% and a return on equity of 19.41%. During the same period in the previous year, the business 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 Price Performance

IRDM stock traded down $0.03 during trading on Friday, reaching $32.08. 1,403,165 shares of the company were exchanged, compared to its average volume of 1,188,430. Iridium Communications has a 52-week low of $19.91 and a 52-week high of $35.85. The company has a market cap of $3.47 billion, a P/E ratio of 30.26, a PEG ratio of 1.08 and a beta of 0.79. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.36 and a current ratio of 1.99. The stock's 50 day moving average price is $28.49 and its 200 day moving average price is $27.97.

Iridium Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, June 13th. Iridium Communications's dividend payout ratio is presently 52.83%.

Wall Street Analyst Weigh In

IRDM has been the subject of several recent research reports. Wall Street Zen lowered 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 issued an "outperform" rating and a $34.00 price target on the stock. BWS Financial lowered their target price 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. Finally, William Blair raised shares of Iridium Communications from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $34.25.

Institutional Trading of Iridium Communications

Several hedge funds have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Iridium Communications by 16.2% during 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 worth $14,741,000 after buying an additional 75,060 shares during the period. Jane Street Group LLC grew its stake in shares of Iridium Communications by 64.9% during the 1st quarter. Jane Street Group LLC now owns 239,354 shares of the technology company's stock worth $6,539,000 after acquiring an additional 94,173 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Iridium Communications by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 232,231 shares of the technology company's stock worth $6,345,000 after acquiring an additional 33,191 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Iridium Communications by 33.0% during the 1st quarter. Royal Bank of Canada now owns 48,325 shares of the technology company's stock worth $1,320,000 after acquiring an additional 11,985 shares in the last quarter. Finally, Amundi grew its stake in shares of Iridium Communications by 1,243.0% during the 1st quarter. Amundi now owns 40,479 shares of the technology company's stock worth $1,035,000 after acquiring an additional 37,465 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.

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.