Zacks Research Issues Positive Forecast for IRDM Earnings

Key Points

• Zacks Research raised Iridium Communications’ Q3 2026 EPS forecast to $0.26 from $0.24 and projects full-year 2026 earnings of $0.95 per share.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy, four Hold, and one Sell, resulting in an overall “Hold” consensus and a $38.67 average price target.
• Iridium’s latest quarterly earnings missed expectations at $0.09 per share versus $0.28 estimated, although revenue rose 3.8% year over year to $225.24 million. The company also pays a $0.15 quarterly dividend, yielding about 1.2%.

Iridium Communications Inc (NASDAQ:IRDM - Free Report) - Research analysts at Zacks Research lifted their Q3 2026 EPS estimates for shares of Iridium Communications in a note issued to investors on Monday, August 10th. Zacks Research analyst Team now anticipates that the technology company will earn $0.26 per share for the quarter, up from their previous forecast of $0.24. The consensus estimate for Iridium Communications' current full-year earnings is $0.95 per share. Zacks Research also issued estimates for Iridium Communications' Q4 2026 earnings at $0.26 EPS, Q3 2027 earnings at $0.30 EPS, Q4 2027 earnings at $0.31 EPS, FY2027 earnings at $1.13 EPS, Q1 2028 earnings at $0.35 EPS, Q2 2028 earnings at $0.30 EPS and FY2028 earnings at $1.32 EPS.

A number of other research analysts also recently issued reports on the stock. New Street Research raised shares of Iridium Communications from a "neutral" rating to a "buy" rating in a research report on Wednesday, July 22nd. BWS Financial reaffirmed a "sell" rating and set a $16.00 target price on shares of Iridium Communications in a research note on Monday, April 27th. Raymond James Financial reiterated a "market perform" rating on shares of Iridium Communications in a research report on Friday, April 24th. Morgan Stanley raised their price objective on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Iridium Communications in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $38.67.

Iridium Communications Price Performance

IRDM opened at $49.32 on Tuesday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.31 and a current ratio of 2.78. The stock has a market capitalization of $5.23 billion, a PE ratio of 56.05, a price-to-earnings-growth ratio of 4.04 and a beta of 0.88. The stock's 50 day moving average price is $47.94 and its 200-day moving average price is $37.21. Iridium Communications has a 52-week low of $15.65 and a 52-week high of $57.18.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.19). Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%.The firm had revenue of $225.24 million for the quarter, compared to analysts' expectations of $220.32 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business's revenue for the quarter was up 3.8% on a year-over-year basis.

Institutional Trading of Iridium Communications

Hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. bought a new position in Iridium Communications during the 2nd quarter valued at approximately $277,000. West Family Investments Inc. bought a new stake in Iridium Communications in the second quarter worth $232,000. Empirical Asset Management LLC purchased a new stake in shares of Iridium Communications in the second quarter worth $249,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Iridium Communications in the second quarter worth $532,000. Finally, BlackRock Inc. bought a new position in shares of Iridium Communications during the second quarter valued at $737,587,000. 84.36% of the stock is owned by institutional investors.

Iridium Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Iridium Communications's dividend payout ratio (DPR) is currently 68.18%.

About Iridium Communications

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company's unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium's core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.

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