Iridium Communications Company Profile (NASDAQ:IRDM)

About Iridium Communications (NASDAQ:IRDM)

Iridium Communications logoIridium Communications Inc. is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure. As of December 31, 2016, the Company sold its products and services to customers through a wholesale distribution network of approximately 65 service providers, approximately 195 value-added resellers (VARs) and approximately 80 value-added manufacturers (VAMs). The Company's commercial end user base includes markets, such as emergency services, maritime, aviation, government, utilities, oil and gas, mining, recreation, forestry, heavy equipment, construction and transportation.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Communication Services
  • Sub-Industry: Alternative Carriers
  • Symbol: NASDAQ:IRDM
  • CUSIP: 46269C10
  • Web: www.iridium.com
Capitalization:
  • Market Cap: $969.04 million
  • Outstanding Shares: 97,391,000
Average Prices:
  • 50 Day Moving Avg: $10.23
  • 200 Day Moving Avg: $9.68
  • 52 Week Range: $6.80 - $11.54
P/E:
  • Trailing P/E Ratio: 10.39
  • Foreward P/E Ratio: 20.31
  • P/E Growth: 1.15
Sales & Book Value:
  • Annual Revenue: $433.86 million
  • Price / Sales: 2.23
  • Book Value: $14.20 per share
  • Price / Book: 0.70
Profitability:
  • EBIDTA: $224.47 million
  • Net Margins: 4.04%
  • Return on Equity: 8.21%
  • Return on Assets: 3.20%
Debt:
  • Current Ratio: 4.63%
  • Quick Ratio: 4.45%
Misc:
  • Average Volume: 1.09 million shs.
  • Beta: 1.72
  • Short Ratio: 17.22
 

Frequently Asked Questions for Iridium Communications (NASDAQ:IRDM)

What is Iridium Communications' stock symbol?

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

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc (NASDAQ:IRDM) posted its quarterly earnings data on Thursday, April, 27th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.21 by $0.09. The firm had revenue of $104.40 million for the quarter, compared to the consensus estimate of $105.25 million. Iridium Communications had a net margin of 4.04% and a return on equity of 8.21%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. View Iridium Communications' Earnings History.

Are investors shorting Iridium Communications?

Iridium Communications saw a increase in short interest in May. As of May 15th, there was short interest totalling 25,877,882 shares, an increase of 1.8% from the April 28th total of 25,420,539 shares. Based on an average trading volume of 834,475 shares, the days-to-cover ratio is currently 31.0 days. Approximately 31.5% of the company's stock are sold short.

Who are some of Iridium Communications' key competitors?

Who owns Iridium Communications stock?

Iridium Communications' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.98%), Vanguard Group Inc. (10.27%), FMR LLC (7.69%), Van Berkom & Associates Inc. (5.16%), Dimensional Fund Advisors LP (4.18%) and Silver Heights Capital Management Inc. (3.56%). Company insiders that own Iridium Communications stock include A B Krongard, Barry West, Matthew J Desch and Thomas C Canfield. View Institutional Ownership Trends for Iridium Communications.

Who sold Iridium Communications stock? Who is selling Iridium Communications stock?

Iridium Communications' stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Lazard Asset Management LLC, California Public Employees Retirement System, FMR LLC, JPMorgan Chase & Co., LSV Asset Management, Goldman Sachs Group Inc. and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Iridium Communications.

Who bought Iridium Communications stock? Who is buying Iridium Communications stock?

Iridium Communications' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Gamco Investors INC. ET AL, Pinnacle Associates Ltd., Vanguard Group Inc., James Investment Research Inc., Elk Creek Partners LLC, Gabelli Funds LLC and South Dakota Investment Council. Company insiders that have bought Iridium Communications stock in the last two years include A B Krongard, Barry West, Matthew J Desch and Thomas C Canfield. View Insider Buying and Selling for Iridium Communications.

How do I buy Iridium Communications stock?

Shares of Iridium Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Iridium Communications stock cost?

One share of Iridium Communications stock can currently be purchased for approximately $9.95.

Analyst Ratings

Consensus Ratings for Iridium Communications (NASDAQ:IRDM) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: N/A

Analysts' Ratings History for Iridium Communications (NASDAQ:IRDM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
12/4/2016Chardan CapitalReiterated RatingHoldN/AView Rating Details
9/13/2016MacquarieReiterated RatingPositiveN/AView Rating Details
(Data available from 5/26/2015 forward)

Earnings

Earnings History for Iridium Communications (NASDAQ:IRDM)
Earnings by Quarter for Iridium Communications (NASDAQ:IRDM)
Earnings History by Quarter for Iridium Communications (NASDAQ:IRDM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$0.21$0.30$105.25 million$104.40 millionViewN/AView Earnings Details
2/23/2017Q416$0.20$0.19$107.84 million$107.40 millionViewN/AView Earnings Details
10/27/2016Q316$0.24$0.26$111.21 million$112.80 millionViewListenView Earnings Details
7/28/2016Q216$0.25$0.22$107.34 million$109.20 millionViewListenView Earnings Details
4/28/2016Q116$0.22$0.23$104.04 million$104.20 millionViewListenView Earnings Details
2/25/2016Q415$0.17$0.14$104.63 million$106.40 millionViewListenView Earnings Details
10/29/2015Q315$0.19$0.24$104.62 million$106.00 millionViewListenView Earnings Details
7/30/2015Q215$0.19$0.21$102.45 million$101.92 millionViewListenView Earnings Details
4/30/2015Q115$0.17$0.17$101.21 million$97.00 millionViewListenView Earnings Details
2/26/2015Q414$0.13$0.19$99.33 million$100.50 millionViewN/AView Earnings Details
10/30/2014Q314$0.14$0.17$101.80 million$107.50 millionViewN/AView Earnings Details
7/31/2014Q214$0.16$0.14$98.28 million$102.50 millionViewN/AView Earnings Details
5/1/2014Q114$0.18$0.19$94.40 million$98.00 millionViewListenView Earnings Details
2/27/2014Q413$0.21$0.18$99.36 million$98.20 millionViewN/AView Earnings Details
10/31/2013Q313$0.21$0.19$97.85 million$100.60 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.22$0.18$99.31 million$94.70 millionViewN/AView Earnings Details
5/2/2013Q1 2013$0.19$0.19$97.63 million$89.19 millionViewN/AView Earnings Details
2/28/2013Q4 2012$0.21$0.19$98.14 million$92.30 millionViewN/AView Earnings Details
11/1/2012Q312$0.25$0.23$104.42 millionViewN/AView Earnings Details
8/2/2012$0.20$0.23ViewN/AView Earnings Details
5/3/2012$0.15$0.16ViewN/AView Earnings Details
3/6/2012$0.08$0.11ViewN/AView Earnings Details
1/25/2012$0.09$0.53ViewN/AView Earnings Details
11/8/2011$0.17$0.15ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Iridium Communications (NASDAQ:IRDM)
2017 EPS Consensus Estimate: $0.93
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.20$0.20$0.20
Q2 20171$0.24$0.24$0.24
Q3 20171$0.26$0.26$0.26
Q4 20171$0.23$0.23$0.23
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Iridium Communications (NASDAQ:IRDM)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Iridium Communications (NASDAQ:IRDM)
Insider Ownership Percentage: 5.50%
Institutional Ownership Percentage: 97.75%
Insider Trades by Quarter for Iridium Communications (NASDAQ:IRDM)
Institutional Ownership by Quarter for Iridium Communications (NASDAQ:IRDM)
Insider Trades by Quarter for Iridium Communications (NASDAQ:IRDM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/10/2017A B KrongardDirectorBuy29,000$8.51$246,790.00View SEC Filing  
3/6/2017Thomas C CanfieldDirectorBuy7,483$8.14$60,911.62View SEC Filing  
12/16/2016A B KrongardDirectorBuy50,000$9.95$497,500.00View SEC Filing  
9/9/2016Matthew J DeschCEOBuy15,000$6.98$104,700.00View SEC Filing  
9/7/2016Barry WestDirectorBuy10,000$7.25$72,500.00View SEC Filing  
3/1/2016Thomas C CanfieldDirectorBuy5,000$6.95$34,750.00View SEC Filing  
8/6/2013Matthew DeschCEOBuy15,000$7.12$106,800.00View SEC Filing  
8/6/2013Thomas CanfieldDirectorBuy10,000$7.10$71,000.00View SEC Filing  
5/9/2013Greenhill & Co IncDirectorSell15,000$7.45$111,750.00View SEC Filing  
5/7/2013Thomas C CanfieldDirectorBuy10,000$7.23$72,300.00View SEC Filing  
4/12/2013Greenhill & Co IncDirectorSell45,000$6.44$289,800.00View SEC Filing  
3/14/2013Greenhill & Co IncDirectorSell30,000$6.32$189,600.00View SEC Filing  
3/13/2013Thomas C CanfieldDirectorBuy7,500$6.35$47,625.00View SEC Filing  
2/6/2013Greenhill & Co IncDirectorSell45,000$6.96$313,200.00View SEC Filing  
1/18/2013Greenhill & Co IncDirectorSell45,000$6.88$309,600.00View SEC Filing  
12/21/2012Greenhill & Co IncDirectorSell15,000$5.69$85,350.00View SEC Filing  
12/5/2012Greenhill & Co IncDirectorSell30,000$6.27$188,100.00View SEC Filing  
11/29/2012Thomas C CanfieldDirectorBuy5,000$6.12$30,600.00View SEC Filing  
11/21/2012Ltd BaraloncoMajor ShareholderBuy5,800$5.70$33,060.00View SEC Filing  
11/20/2012Ltd BaraloncoMajor ShareholderBuy6,600$5.61$37,026.00View SEC Filing  
11/16/2012Ltd BaraloncoMajor ShareholderBuy6,100$5.49$33,489.00View SEC Filing  
11/13/2012Thomas C CanfieldDirectorBuy5,000$6.33$31,650.00View SEC Filing  
11/7/2012Ltd BaraloncoMajor ShareholderBuy3,300$6.27$20,691.00View SEC Filing  
11/6/2012Ltd BaraloncoMajor ShareholderBuy3,400$6.45$21,930.00View SEC Filing  
11/6/2012Robert H NiehausDirectorBuy30,000$6.45$193,500.00View SEC Filing  
11/6/2012S. Scott SmithEVPBuy5,000$6.45$32,250.00View SEC Filing  
10/4/2012Greenhill & Co IncDirectorSell30,000$7.49$224,700.00View SEC Filing  
9/6/2012Greenhill & Co IncDirectorSell30,000$7.55$226,500.00View SEC Filing  
8/10/2012Greenhill & Co IncDirectorSell30,000$7.33$219,900.00View SEC Filing  
8/9/2012Richard P NyrenVPBuy2,000$7.26$14,520.00View SEC Filing  
8/9/2012Thomas C CanfieldDirectorBuy7,000$7.27$50,890.00View SEC Filing  
8/8/2012Ltd BaraloncoMajor ShareholderBuy3,000$7.02$21,060.00View SEC Filing  
8/7/2012A B KrongardDirectorBuy25,000$7.33$183,250.00View SEC Filing  
8/7/2012Ltd BaraloncoMajor ShareholderBuy4,000$7.19$28,760.00View SEC Filing  
8/7/2012Thomas FitzpatrickCFOBuy10,000$7.08$70,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Iridium Communications (NASDAQ:IRDM)
Latest Headlines for Iridium Communications (NASDAQ:IRDM)
Source:
DateHeadline
finance.yahoo.com logoNew Target Date for Second Iridium® NEXT Launch
finance.yahoo.com - May 26 at 2:29 AM
finance.yahoo.com logoIridium® Makes it Easier to Extend the Internet of Things (IoT) Beyond Cellular Limits
finance.yahoo.com - May 24 at 11:27 AM
americanbankingnews.com logo Analysts Anticipate Iridium Communications Inc (IRDM) Will Post Earnings of $0.19 Per Share
www.americanbankingnews.com - May 15 at 4:20 PM
finance.yahoo.com logoETFs with exposure to Iridium Communications, Inc. : May 12, 2017
finance.yahoo.com - May 12 at 8:36 PM
americanbankingnews.com logoIridium Communications (IRDM) Getting Positive News Coverage, Report Shows
www.americanbankingnews.com - May 3 at 9:40 PM
americanbankingnews.com logoIridium Communications Inc (IRDM) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - May 2 at 12:40 AM
finance.yahoo.com logoETFs with exposure to Iridium Communications, Inc. : May 1, 2017
finance.yahoo.com - May 1 at 6:16 PM
americanbankingnews.com logoIridium Communications Inc (IRDM) Expected to Post Q2 2017 Earnings of $0.24 Per Share
www.americanbankingnews.com - May 1 at 8:10 AM
americanbankingnews.com logoIridium Communications (IRDM) Earns Daily Media Impact Rating of 0.06
www.americanbankingnews.com - April 30 at 4:11 PM
americanbankingnews.com logoIridium Communications Inc (IRDM) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 29 at 1:14 AM
americanbankingnews.com logoFY2018 EPS Estimates for Iridium Communications Inc (IRDM) Boosted by Analyst
www.americanbankingnews.com - April 28 at 11:34 PM
finance.yahoo.com logoEdited Transcript of IRDM earnings conference call or presentation 27-Apr-17 12:30pm GMT
finance.yahoo.com - April 28 at 6:55 PM
finance.yahoo.com logoIridium Communications, Inc. :IRDM-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017
finance.yahoo.com - April 28 at 6:55 PM
nasdaq.com logoIridium Communications Inc. Q1 Earnings Rise 38%
www.nasdaq.com - April 27 at 6:33 PM
finance.yahoo.com logoIridium beats 1Q profit forecasts
finance.yahoo.com - April 27 at 6:33 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Very Likely to Impact Iridium Communications (IRDM) Stock Price
www.americanbankingnews.com - April 27 at 4:32 PM
americanbankingnews.com logoIridium Communications Inc (IRDM) Announces Earnings Results
www.americanbankingnews.com - April 27 at 4:10 PM
finance.yahoo.com logoIridium Announces First-Quarter 2017 Results; Company Affirms 2017 and Long-Range Outlook
finance.yahoo.com - April 27 at 8:47 AM
americanbankingnews.com logo Analysts Anticipate Iridium Communications Inc (IRDM) Will Announce Earnings of $0.21 Per Share
www.americanbankingnews.com - April 25 at 12:28 AM
americanbankingnews.com logoIridium Communications (IRDM) Earns Daily News Sentiment Rating of 0.44
www.americanbankingnews.com - April 24 at 3:18 PM
americanbankingnews.com logoIridium Communications (IRDM) Receiving Positive News Coverage, Report Shows
www.americanbankingnews.com - April 21 at 7:18 PM
finance.yahoo.com logoIridium and Lindsey Manufacturing Strike Innovative Utility Partnership
finance.yahoo.com - April 20 at 11:23 AM
finance.yahoo.com logoMalaysia Airlines signs up for minute-by-minute plane tracking
finance.yahoo.com - April 19 at 11:19 AM
americanbankingnews.com logoIridium Communications (IRDM) Earns News Impact Score of 0.16
www.americanbankingnews.com - April 17 at 3:53 PM
finance.yahoo.com logoETFs with exposure to Iridium Communications, Inc. : April 7, 2017
finance.yahoo.com - April 7 at 5:51 PM
finance.yahoo.com logoIridium Announces Release Date for First-Quarter 2017 Financial Results
finance.yahoo.com - April 7 at 10:30 AM
americanbankingnews.com logoTheStreet Upgrades Iridium Communications Inc (IRDM) to "B"
www.americanbankingnews.com - April 6 at 7:16 AM
americanbankingnews.com logoIridium Communications Inc (IRDM) Upgraded to "B" by TheStreet
www.americanbankingnews.com - April 5 at 3:16 PM
americanbankingnews.com logoShort Interest in Iridium Communications Inc (IRDM) Increases By 8.7%
www.americanbankingnews.com - March 26 at 7:23 AM
fool.com logoBetter Buy: Iridium Communications vs. Globalstar
www.fool.com - March 17 at 8:47 AM
biz.yahoo.com logoIRIDIUM COMMUNICATIONS INC. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - March 7 at 10:57 AM
seekingalpha.com logoIridium Communications (IRDM) Presents At The Raymond James 38th Annual Institutional Investors Conference 2017
seekingalpha.com - March 6 at 5:32 PM
finance.yahoo.com logoIridium® Safety Voice Communications Installs Surge Past 500 Aircraft
finance.yahoo.com - March 6 at 9:02 AM
finance.yahoo.com logoAireon Takes Full Control of First ADS-B Hosted-Payload
finance.yahoo.com - March 2 at 3:28 PM
finance.yahoo.com logoIRIDIUM COMMUNICATIONS INC. Financials
finance.yahoo.com - February 28 at 6:09 PM
finance.yahoo.com logoIridium to Participate In Raymond James 38th Annual Institutional Investors Conference
finance.yahoo.com - February 27 at 6:38 PM
finance.yahoo.com logoEdited Transcript of IRDM earnings conference call or presentation 23-Feb-17 1:30pm GMT
finance.yahoo.com - February 23 at 10:59 PM
rttnews.com logoEARNINGS SUMMARY: Details of Iridium Communications Inc. Q4 Earnings Report
www.rttnews.com - February 23 at 5:58 PM
us.rd.yahoo.com logoIridium Announces Fourth-Quarter and Full-Year 2016 Results; Company Issues 2017 Outlook
us.rd.yahoo.com - February 23 at 5:58 PM
biz.yahoo.com logoQ4 2016 Iridium Communications Inc Earnings Release - Before Market Open
us.rd.yahoo.com - February 23 at 5:58 PM
us.rd.yahoo.com logo7:11 am Iridium Communications misses by $0.01, reports revs in-line; reaffirms long-range outlook
us.rd.yahoo.com - February 23 at 5:58 PM
biz.yahoo.com logoIRIDIUM COMMUNICATIONS INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a
us.rd.yahoo.com - February 23 at 5:58 PM
fool.com logoIridium Looks Forward to Growth From NEXT Launches
www.fool.com - February 23 at 5:58 PM
thestreet.com logoFirst Week Of October 20th Options Trading For Iridium Communications - TheStreet.com
www.thestreet.com - February 22 at 11:10 PM
biz.yahoo.com logoIRIDIUM COMMUNICATIONS INC. Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - February 17 at 5:27 PM
finance.yahoo.com logo7:33 am Iridium Communications receives a targeted launch date of mid-June for the second mission of ten Iridium NEXT satellites
finance.yahoo.com - February 15 at 8:57 PM

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Chart

Iridium Communications (IRDM) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff