BWS Financial Has Pessimistic Outlook of IRDM Q4 Earnings

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - BWS Financial dropped their Q4 2025 EPS estimates for Iridium Communications in a report released on Wednesday, April 23rd. BWS Financial analyst H. Khorsand now forecasts that the technology company will earn $0.22 per share for the quarter, down from their prior forecast of $0.23. BWS Financial currently has a "Neutral" rating and a $25.00 target price on the stock. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $214.88 million for the quarter, compared to analysts' expectations of $211.78 million. Iridium Communications had a return on equity of 15.66% and a net margin of 13.58%. During the same period last year, the firm earned $0.17 earnings per share.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald began coverage on shares of Iridium Communications in a report on Friday, January 24th. They set an "overweight" rating and a $40.00 price objective for the company. StockNews.com cut shares of Iridium Communications from a "buy" rating to a "hold" rating in a research note on Thursday. Barclays decreased their price target on shares of Iridium Communications from $45.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, William Blair upgraded Iridium Communications from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.33.

Iridium Communications Price Performance

IRDM traded up $0.98 on Monday, hitting $25.05. 229,370 shares of the company's stock traded hands, compared to its average volume of 1,126,766. The company's 50 day simple moving average is $26.58 and its 200-day simple moving average is $28.52. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 3.05. Iridium Communications has a one year low of $19.91 and a one year high of $35.85. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.28 and a beta of 0.66.

Iridium Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Monday, March 17th. Iridium Communications's dividend payout ratio is presently 52.83%.

Hedge Funds Weigh In On Iridium Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Iridium Communications by 37.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,893,145 shares of the technology company's stock valued at $106,361,000 after buying an additional 1,064,093 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in Iridium Communications by 13.2% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,827,580 shares of the technology company's stock valued at $82,028,000 after purchasing an additional 329,915 shares during the period. ARK Investment Management LLC lifted its stake in shares of Iridium Communications by 5.7% in the 4th quarter. ARK Investment Management LLC now owns 2,507,715 shares of the technology company's stock valued at $72,774,000 after purchasing an additional 134,924 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Iridium Communications by 44.7% in the 4th quarter. Schroder Investment Management Group now owns 2,213,512 shares of the technology company's stock worth $64,125,000 after purchasing an additional 683,777 shares during the period. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in shares of Iridium Communications by 37.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,088,053 shares of the technology company's stock worth $60,595,000 after purchasing an additional 567,164 shares during the period. 84.36% of the stock is owned by hedge funds and other institutional investors.

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.