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NASDAQ:IRDM

Iridium Communications (IRDM) Stock Forecast, Price & News

$63.67
+2.23 (+3.63%)
(As of 02:41 PM ET)
Compare
Today's Range
$61.07
$64.00
50-Day Range
$58.64
$67.26
52-Week Range
$33.88
$68.34
Volume
486,783 shs
Average Volume
674,594 shs
Market Capitalization
$8.02 billion
P/E Ratio
489.81
Dividend Yield
0.82%
Price Target
$67.00

Iridium Communications MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
4.8% Upside
$67.00 Price Target
Short Interest
Bearish
3.62% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
1.34mentions of Iridium Communications in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$8.38 M Sold Last Quarter
Proj. Earnings Growth
50.00%
From $0.22 to $0.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Computer And Technology Sector

492nd out of 613 stocks

Communications Equipment, Not Elsewhere Classified Industry

10th out of 12 stocks


IRDM stock logo

About Iridium Communications (NASDAQ:IRDM) Stock

Iridium Communications, Inc. engages in the provision of global satellite communications services and products. Its products include personal communicators, messengers, and trackers, satellite phones, push-to-talk-devices, broadband, midband, and external terminals, docking stations, apps, and accessories. It offers its services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers via satellite network. The company was founded in 2000 and is headquartered in McLean, VA.

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IRDM Stock News Headlines

Upbeat Analysts Project Promising Prospects For Iridium Stock
Analysts see global satellite specialist Iridium posting triple-digit EPS growth, with a Qualcomm deal boosting sales. Iridium recently began paying a dividend.
Are Small Caps a Harbinger of Market Declines? (IRDM)
The iShares Russell 2000 ETF outperformed the S&P 500 last week, but that may be short-lived. Small-cap momentum is often a bellwether for broad-market action.
Is There Still Time to Get In On the Lithium Boom?
"Lithium demand from the electric vehicle (EV) industry is growing at twice the rate of lithium production. By 2030, experts predict that 26 million EVs will be on U.S. roads, up from around 600,000 today. That's why new government incentives have been put in place to support more urgently-needed "Made in America" lithium.
Is There Still Time to Get In On the Lithium Boom?
"Lithium demand from the electric vehicle (EV) industry is growing at twice the rate of lithium production. By 2030, experts predict that 26 million EVs will be on U.S. roads, up from around 600,000 today. That's why new government incentives have been put in place to support more urgently-needed "Made in America" lithium.
Iridium Communications: Still Too Lofty
Q1 2023 Iridium Communications Inc Earnings Call
See More Headlines

IRDM Price History

IRDM Company Calendar

Ex-Dividend for 3/30 Dividend
3/14/2023
Dividend Payable
3/30/2023
Last Earnings
4/20/2023
Today
6/06/2023
Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:IRDM
CUSIP
46269C10
Employees
537
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$67.00
High Stock Price Forecast
$76.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+4.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$8.72 million
Pretax Margin
1.30%

Debt

Sales & Book Value

Annual Sales
$721.03 million
Cash Flow
$2.58 per share
Book Value
$8.98 per share

Miscellaneous

Free Float
123,256,000
Market Cap
$8.05 billion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives

  • Matthew J. DeschMatthew J. Desch
    Chief Executive Officer & Director
  • Suzanne E. McBrideSuzanne E. McBride
    Chief Operations Officer & Director
  • Thomas J. FitzpatrickThomas J. Fitzpatrick
    CFO, Director & Chief Administrative Officer
  • Gregory Pelton
    Chief Technical Officer
  • Manjula Sriram
    Chief Information Officer & Vice President













IRDM Stock - Frequently Asked Questions

Should I buy or sell Iridium Communications stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRDM shares.
View IRDM analyst ratings
or view top-rated stocks.

What is Iridium Communications' stock price forecast for 2023?

4 brokers have issued twelve-month price objectives for Iridium Communications' stock. Their IRDM share price forecasts range from $45.00 to $76.00. On average, they predict the company's share price to reach $67.00 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
View analysts price targets for IRDM
or view top-rated stocks among Wall Street analysts.

How have IRDM shares performed in 2023?

Iridium Communications' stock was trading at $51.40 on January 1st, 2023. Since then, IRDM stock has increased by 24.4% and is now trading at $63.96.
View the best growth stocks for 2023 here
.

When is Iridium Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our IRDM earnings forecast
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) announced its quarterly earnings data on Thursday, April, 20th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.10. The technology company earned $205.27 million during the quarter, compared to the consensus estimate of $187.98 million. Iridium Communications had a trailing twelve-month return on equity of 1.38% and a net margin of 2.07%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share.

How often does Iridium Communications pay dividends? What is the dividend yield for Iridium Communications?

Iridium Communications announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.13 per share on Friday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for IRDM
.

Is Iridium Communications a good dividend stock?

Iridium Communications (NASDAQ:IRDM) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.83%. The dividend payout ratio is 400.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, IRDM will have a dividend payout ratio of 157.58% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IRDM.

How will Iridium Communications' stock buyback program work?

Iridium Communications announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 19th 2022, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

What is Matt Desch's approval rating as Iridium Communications' CEO?

48 employees have rated Iridium Communications Chief Executive Officer Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among the company's employees.

What other stocks do shareholders of Iridium Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Iridium Communications investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Verizon Communications (VZ), Block (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Boeing (BA).

What is Iridium Communications' stock symbol?

Iridium Communications trades on the NASDAQ under the ticker symbol "IRDM."

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.17%), State Street Corp (3.82%), Geode Capital Management LLC (1.99%), Dimensional Fund Advisors LP (1.67%), Clearbridge Investments LLC (1.63%) and Charles Schwab Investment Management Inc. (1.20%). Insiders that own company stock include A B Krongard, Barry West, Bryan J Hartin, Henrik O Schliemann, Kathleen A Morgan, Leon Anthony Frazier, Matthew J Desch, Parker William Rush, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Suzanne E Mcbride, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
View institutional ownership trends
.

How do I buy shares of Iridium Communications?

Shares of IRDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $63.96.

How much money does Iridium Communications make?

Iridium Communications (NASDAQ:IRDM) has a market capitalization of $8.05 billion and generates $721.03 million in revenue each year. The technology company earns $8.72 million in net income (profit) each year or $0.13 on an earnings per share basis.

How many employees does Iridium Communications have?

The company employs 537 workers across the globe.

Does Iridium Communications have any subsidiaries?
The following companies are subsidiares of Iridium Communications: Iridium Blocker-B Inc., Iridium Carrier Holdings LLC, Iridium Carrier Services LLC, Iridium Chile SpA, Iridium Constellation LLC, Iridium Government Services LLC, Iridium Holdings LLC, Iridium Holdings LLC, Iridium Satellite LLC, Iridium Satellite SA LLC, Iridium Satellite UK Limited, Iridium Serviços de Satélites S.A., OOO Iridium Communications, OOO Iridium Services, and Syncom-Iridium Holdings Corp..
Read More
How can I contact Iridium Communications?

Iridium Communications' mailing address is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. The official website for the company is www.iridium.com. The technology company can be reached via phone at (703) 287-7400, via email at investor.relations@iridium.com, or via fax at 703-287-7450.

This page (NASDAQ:IRDM) was last updated on 6/6/2023 by MarketBeat.com Staff

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