NASDAQ:IRDM Iridium Communications (IRDM) Stock Forecast, Price & News $63.67 +2.23 (+3.63%) (As of 02:41 PM ET) Add Compare Share Share Today's Range$61.07▼$64.0050-Day Range$58.64▼$67.2652-Week Range$33.88▼$68.34Volume486,783 shsAverage Volume674,594 shsMarket Capitalization$8.02 billionP/E Ratio489.81Dividend Yield0.82%Price Target$67.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Iridium Communications MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside4.8% Upside$67.00 Price TargetShort InterestBearish3.62% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-1.74Upright™ Environmental ScoreNews Sentiment1.34Based on 4 Articles This WeekInsider TradingSelling Shares$8.38 M Sold Last QuarterProj. Earnings Growth50.00%From $0.22 to $0.33 Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector492nd out of 613 stocksCommunications Equipment, Not Elsewhere Classified Industry10th out of 12 stocks 1.5 Analyst's Opinion Consensus RatingIridium Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $67.00, Iridium Communications has a forecasted upside of 4.8% from its current price of $63.96.Amount of Analyst CoverageIridium Communications has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.62% of the float of Iridium Communications has been sold short.Short Interest Ratio / Days to CoverIridium Communications has a short interest ratio ("days to cover") of 5.9.Change versus previous month Previous Next 0.0 Dividend Strength Dividend YieldIridium Communications has a dividend yield of 0.83%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthIridium Communications does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Iridium Communications is 400.03%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Iridium Communications will have a dividend payout ratio of 157.58% in the coming year. This indicates that Iridium Communications may not be able to sustain their current dividend. Previous Next 2.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIridium Communications has received a 10.31% net impact score from Upright. Iridium Communications seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Communications satellites", "Satellite data service", and "Telecommunications antennae" products. See details.Environmental SustainabilityThe Environmental Impact score for Iridium Communications is -1.74. Previous Next 3.0 News and Social Media Coverage News SentimentIridium Communications has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Iridium Communications this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for IRDM on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Iridium Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Iridium Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,377,072.00 in company stock.Percentage Held by InsidersOnly 2.10% of the stock of Iridium Communications is held by insiders.Percentage Held by Institutions83.82% of the stock of Iridium Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Iridium Communications are expected to grow by 50.00% in the coming year, from $0.22 to $0.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Iridium Communications is 492.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.46.Price to Earnings Ratio vs. SectorThe P/E ratio of Iridium Communications is 492.04, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 311.39.Price to Book Value per Share RatioIridium Communications has a P/B Ratio of 7.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Iridium Communications (NASDAQ:IRDM) StockIridium 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.Read More Receive IRDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Iridium Communications and its competitors with MarketBeat's FREE daily newsletter. Email Address IRDM Stock News HeadlinesMay 25, 2023 | marketbeat.comUpbeat Analysts Project Promising Prospects For Iridium StockAnalysts see global satellite specialist Iridium posting triple-digit EPS growth, with a Qualcomm deal boosting sales. Iridium recently began paying a dividend.May 9, 2023 | marketbeat.comAre 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.June 6, 2023 | Edge On The Street (Ad)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.May 25, 2023 | finance.yahoo.comIridium (IRDM) Partners Laird to Extend IoT CapabilitiesMay 23, 2023 | finance.yahoo.comIridium Communications (IRDM) Shares Increased on Strategic Partnership AnnouncementMay 20, 2023 | finanznachrichten.deIridium Communications Inc.: Iridium Adds to Constellation Resilience with Launch of Spare SatellitesMay 20, 2023 | finance.yahoo.comIridium Adds to Constellation Resilience with Launch of Spare SatellitesMay 11, 2023 | msn.comIridium Communications (IRDM) Declares $0.13 DividendJune 6, 2023 | Edge On The Street (Ad)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.May 9, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for Iridium Communications Inc.'s Q2 2023 Earnings (NASDAQ:IRDM)May 8, 2023 | msn.comIridium Communications: Best Of Group For Near-Term Capital-GainMay 8, 2023 | seekingalpha.comIridium Communications: Still Too LoftyMay 6, 2023 | americanbankingnews.comIridium Communications Inc. (NASDAQ:IRDM) EVP Bryan J. Hartin Sells 27,835 SharesMay 4, 2023 | americanbankingnews.comIridium Communications (NASDAQ:IRDM) Lowered to Hold at StockNews.comApril 29, 2023 | finance.yahoo.comReturns On Capital At Iridium Communications (NASDAQ:IRDM) Have StalledApril 29, 2023 | americanbankingnews.comIridium Communications Inc. (NASDAQ:IRDM) EVP Bryan J. Hartin Sells 8,129 SharesApril 27, 2023 | finance.yahoo.comIridium Communications Inc. (NASDAQ:IRDM) Q1 2023 Earnings Call TranscriptApril 25, 2023 | finance.yahoo.comWhy Iridium Communications (IRDM) is a Top Growth Stock for the Long-TermApril 25, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Iridium Communications Inc. Raised by BWS Financial (NASDAQ:IRDM)April 24, 2023 | nasdaq.comJanuary 2024 Options Now Available For Iridium Communications (IRDM)April 22, 2023 | nasdaq.comMorgan Stanley Maintains Iridium Communications (IRDM) Overweight RecommendationApril 22, 2023 | americanbankingnews.comIridium Communications (NASDAQ:IRDM) Upgraded to Buy by StockNews.comApril 21, 2023 | msn.comRaymond James Maintains Iridium Communications (IRDM) Strong Buy RecommendationApril 21, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Corning (GLW), Iridium Communications (IRDM) and T Mobile US (TMUS)April 21, 2023 | msn.comIridium (IRDM) Q1 Earnings & Revenues Beat Estimates, Up Y/YApril 21, 2023 | finance.yahoo.comQ1 2023 Iridium Communications Inc Earnings CallApril 21, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Iridium, Globalstar and EchoStarSee More Headlines IRDM Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IRDM Company Calendar Ex-Dividend for 3/30 Dividend3/14/2023Dividend Payable3/30/2023Last Earnings4/20/2023Today6/06/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)7/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Communications equipment, not elsewhere classified Sub-IndustryAlternative Carriers SectorComputer and Technology Current SymbolNASDAQ:IRDM CUSIP46269C10 CIK1418819 Webwww.iridium.com Phone(703) 287-7400Fax703-287-7450Employees537Year Founded2000Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.13 Trailing P/E Ratio492.04 Forward P/E Ratio290.73 P/E GrowthN/ANet Income$8.72 million Net Margins2.07% Pretax Margin1.30% Return on Equity1.38% Return on Assets0.52% Debt Debt-to-Equity Ratio1.35 Current Ratio2.40 Quick Ratio2.08 Sales & Book Value Annual Sales$721.03 million Price / Sales11.17 Cash Flow$2.58 per share Price / Cash Flow24.83 Book Value$8.98 per share Price / Book7.12Miscellaneous Outstanding Shares125,900,000Free Float123,256,000Market Cap$8.05 billion OptionableOptionable Beta1.08 Social Links Key ExecutivesMatthew J. DeschChief Executive Officer & DirectorSuzanne E. McBrideChief Operations Officer & DirectorThomas J. FitzpatrickCFO, Director & Chief Administrative OfficerGregory PeltonChief Technical OfficerManjula SriramChief Information Officer & Vice PresidentKey CompetitorsLumentumNASDAQ:LITENational InstrumentsNASDAQ:NATIVertivNYSE:VRTnVent ElectricNYSE:NVTWESCO InternationalNYSE:WCCView All CompetitorsInsiders & InstitutionsLevel Four Advisory Services LLCBought 1,471 shares on 6/5/2023Ownership: 0.006%Macquarie Group Ltd.Bought 95,705 shares on 6/1/2023Ownership: 0.494%ProShare Advisors LLCSold 1,807 shares on 5/26/2023Ownership: 0.018%Legato Capital Management LLCBought 859 shares on 5/25/2023Ownership: 0.017%Ameriprise Financial Inc.Sold 3,459 shares on 5/22/2023Ownership: 0.156%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Iridium Communications' stock? ETFs with the largest weight of Iridium Communications (NASDAQ:IRDM) stock in their portfolio include ARK Space Exploration & Innovation ETF (ARKX), ARK Autonomous Technology & Robotics ETF (ARKQ), Procure Space ETF (UFO), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), SPDR S&P Kensho Final Frontiers ETF (ROKT), SPDR S&P Telecom ETF (XTL), Invesco S&P MidCap Momentum ETF (XMMO) and SPDR Kensho Future Security ETF (FITE). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Iridium Communications Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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