About Iridium Communications (NASDAQ:IRDM)
Iridium 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: Satellite Service Operators
- Sub-Industry: Alternative Carriers
- Symbol: NASDAQ:IRDM
- CUSIP: 46269C10
- Web: www.iridium.com
- Market Cap: $1.08413 billion
- Outstanding Shares: 97,668,000
- 50 Day Moving Avg: $10.58
- 200 Day Moving Avg: $10.52
- 52 Week Range: $7.50 - $11.57
Sales & Book Value:
- Trailing P/E Ratio: 11.87
- Foreward P/E Ratio: 22.20
- P/E Growth: 1.40
- Annual Revenue: $436.27 million
- Price / Sales: 2.48
- Book Value: $14.46 per share
- Price / Book: 0.77
- EBITDA: $225.84 million
- Net Margins: 27.14%
- Return on Equity: 8.68%
- Return on Assets: 3.32%
- Current Ratio: 2.22%
- Quick Ratio: 2.13%
- Average Volume: 677,835 shs.
- Beta: 1.72
- Short Ratio: 35.38
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) released its earnings results on Thursday, July, 27th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.01. The company earned $111.60 million during the quarter, compared to analysts' expectations of $109.18 million. Iridium Communications had a net margin of 27.14% and a return on equity of 8.68%. The business's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. View Iridium Communications' Earnings History.
When will Iridium Communications make its next earnings announcement?
Where is Iridium Communications' stock going? Where will Iridium Communications' stock price be in 2017?
2 brokers have issued twelve-month target prices for Iridium Communications' shares. Their forecasts range from $14.00 to $14.00. On average, they expect Iridium Communications' share price to reach $14.00 in the next twelve months. View Analyst Ratings for Iridium Communications.
Are investors shorting Iridium Communications?
Iridium Communications saw a drop in short interest in the month of September. As of September 15th, there was short interest totalling 23,126,328 shares, a drop of 5.1% from the August 31st total of 24,367,424 shares. Based on an average daily trading volume, of 781,799 shares, the short-interest ratio is presently 29.6 days. Approximately 28.1% of the company's shares are short sold.
Who are some of Iridium Communications' key competitors?
Some companies that are related to Iridium Communications include Cabot Microelectronics Corporation (CCMP), DigitalGlobe (DGI), Orbotech (ORBK), Changyou.com Limited (CYOU), Ebix (EBIX), Acxiom Corporation (ACXM), Syntel (SYNT), Progress Software Corporation (PRGS), Electronics for Imaging (EFII), Plexus Corp. (PLXS), Etsy (ETSY), COUPA SOFTWARE (COUP), Qualys (QLYS), Baozun (BZUN), Vonage Holdings Corp. (VG), Silicon Motion Technology Corporation (SIMO), Pandora Media (P) and ManTech International Corporation (MANT).
Who are Iridium Communications' key executives?
Iridium Communications' management team includes the folowing people:
- Robert H. Niehaus, Independent Chairman of the Board
- Matthew J. Desch, Chief Executive Officer, Director
- Thomas J. Fitzpatrick, Chief Financial Officer, Chief Administrative Officer, Director
- Donald Lee Thoma, Chief Executive Officer of Aireon LLC
- S. Scott Smith, Chief Operating Officer, Director
- Bryan J. Hartin, Executive Vice President - Sales and Marketing
- Scott T. Scheimreif, Executive Vice President - Government Programs
- Timothy Kapalka, Principal Accounting Officer
- Thomas D. Hickey, Chief Legal Officer, Secretary
- Thomas C. Canfield, Independent Director
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.
What is Iridium Communications' stock price today?
MarketBeat Community Rating for Iridium Communications (NASDAQ IRDM)MarketBeat's community ratings are surveys of what our community members think about Iridium Communications and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Iridium Communications stock can currently be purchased for approximately $11.10.
Consensus Ratings for Iridium Communications (NASDAQ:IRDM) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 1 Buy Rating|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$14.00 (26.13% upside)|Consensus Price Target History for Iridium Communications (NASDAQ:IRDM)
Analysts' Ratings History for Iridium Communications (NASDAQ:IRDM)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/31/2017||Drexel Hamilton||Reiterated Rating||Buy||$14.00||High|
|12/4/2016||Chardan Capital||Reiterated Rating||Hold||N/A|
Earnings History for Iridium Communications (NASDAQ:IRDM)Earnings History by Quarter for Iridium Communications (NASDAQ IRDM)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.19||$0.20||$109.18 million||$111.60 million||View||N/A|
|4/27/2017||Q1 2017||$0.21||$0.30||$105.25 million||$104.40 million||View||N/A|
|2/23/2017||Q416||$0.20||$0.19||$107.84 million||$107.40 million||View||N/A|
|10/27/2016||Q316||$0.24||$0.26||$111.21 million||$112.80 million||View||Listen|
|7/28/2016||Q216||$0.25||$0.22||$107.34 million||$109.20 million||View||Listen|
|4/28/2016||Q116||$0.22||$0.23||$104.04 million||$104.20 million||View||Listen|
|2/25/2016||Q415||$0.17||$0.14||$104.63 million||$106.40 million||View||Listen|
|10/29/2015||Q315||$0.19||$0.24||$104.62 million||$106.00 million||View||Listen|
|7/30/2015||Q215||$0.19||$0.21||$102.45 million||$101.92 million||View||Listen|
|4/30/2015||Q115||$0.17||$0.17||$101.21 million||$97.00 million||View||Listen|
|2/26/2015||Q414||$0.13||$0.19||$99.33 million||$100.50 million||View||N/A|
|10/30/2014||Q314||$0.14||$0.17||$101.80 million||$107.50 million||View||N/A|
|7/31/2014||Q214||$0.16||$0.14||$98.28 million||$102.50 million||View||N/A|
|5/1/2014||Q114||$0.18||$0.19||$94.40 million||$98.00 million||View||Listen|
|2/27/2014||Q413||$0.21||$0.18||$99.36 million||$98.20 million||View||N/A|
|10/31/2013||Q313||$0.21||$0.19||$97.85 million||$100.60 million||View||N/A|
|8/1/2013||Q2 2013||$0.22||$0.18||$99.31 million||$94.70 million||View||N/A|
|5/2/2013||Q1 2013||$0.19||$0.19||$97.63 million||$89.19 million||View||N/A|
|2/28/2013||Q4 2012||$0.21||$0.19||$98.14 million||$92.30 million||View||N/A|
Earnings Estimates for Iridium Communications (NASDAQ:IRDM)
2017 EPS Consensus Estimate: $0.93
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Iridium Communications (NASDAQ:IRDM)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Iridium Communications (NASDAQ:IRDM)
Insider Ownership Percentage: 6.40%Insider Trades by Quarter for Iridium Communications (NASDAQ:IRDM)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/30/2017||S. Scott Smith||COO||Sell||135,000||$10.51||$1,418,850.00|| |
|3/10/2017||A B Krongard||Director||Buy||29,000||$8.51||$246,790.00|| |
|3/6/2017||Thomas C Canfield||Director||Buy||7,483||$8.14||$60,911.62|| |
|12/16/2016||A B Krongard||Director||Buy||50,000||$9.95||$497,500.00|| |
|9/9/2016||Matthew J Desch||CEO||Buy||15,000||$6.98||$104,700.00|| |
|9/7/2016||Barry West||Director||Buy||10,000||$7.25||$72,500.00|| |
|3/1/2016||Thomas C Canfield||Director||Buy||5,000||$6.95||$34,750.00|| |
|8/6/2013||Matthew Desch||CEO||Buy||15,000||$7.12||$106,800.00|| |
|8/6/2013||Thomas Canfield||Director||Buy||10,000||$7.10||$71,000.00|| |
|5/9/2013||Greenhill & Co Inc||Director||Sell||15,000||$7.45||$111,750.00|| |
|5/7/2013||Thomas C Canfield||Director||Buy||10,000||$7.23||$72,300.00|| |
|4/12/2013||Greenhill & Co Inc||Director||Sell||45,000||$6.44||$289,800.00|| |
|3/14/2013||Greenhill & Co Inc||Director||Sell||30,000||$6.32||$189,600.00|| |
|3/13/2013||Thomas C Canfield||Director||Buy||7,500||$6.35||$47,625.00|| |
|2/6/2013||Greenhill & Co Inc||Director||Sell||45,000||$6.96||$313,200.00|| |
|1/18/2013||Greenhill & Co Inc||Director||Sell||45,000||$6.88||$309,600.00|| |
|12/21/2012||Greenhill & Co Inc||Director||Sell||15,000||$5.69||$85,350.00|| |
|12/5/2012||Greenhill & Co Inc||Director||Sell||30,000||$6.27||$188,100.00|| |
|11/29/2012||Thomas C Canfield||Director||Buy||5,000||$6.12||$30,600.00|| |
|11/21/2012||Ltd Baralonco||Major Shareholder||Buy||5,800||$5.70||$33,060.00|| |
|11/20/2012||Ltd Baralonco||Major Shareholder||Buy||6,600||$5.61||$37,026.00|| |
|11/16/2012||Ltd Baralonco||Major Shareholder||Buy||6,100||$5.49||$33,489.00|| |
|11/13/2012||Thomas C Canfield||Director||Buy||5,000||$6.33||$31,650.00|| |
|11/7/2012||Ltd Baralonco||Major Shareholder||Buy||3,300||$6.27||$20,691.00|| |
|11/6/2012||Ltd Baralonco||Major Shareholder||Buy||3,400||$6.45||$21,930.00|| |
|11/6/2012||Robert H Niehaus||Director||Buy||30,000||$6.45||$193,500.00|| |
|11/6/2012||S. Scott Smith||EVP||Buy||5,000||$6.45||$32,250.00|| |
|10/4/2012||Greenhill & Co Inc||Director||Sell||30,000||$7.49||$224,700.00|| |
|9/6/2012||Greenhill & Co Inc||Director||Sell||30,000||$7.55||$226,500.00|| |
|8/10/2012||Greenhill & Co Inc||Director||Sell||30,000||$7.33||$219,900.00|| |
|8/9/2012||Richard P Nyren||VP||Buy||2,000||$7.26||$14,520.00|| |
|8/9/2012||Thomas C Canfield||Director||Buy||7,000||$7.27||$50,890.00|| |
|8/8/2012||Ltd Baralonco||Major Shareholder||Buy||3,000||$7.02||$21,060.00|| |
|8/7/2012||A B Krongard||Director||Buy||25,000||$7.33||$183,250.00|| |
|8/7/2012||Ltd Baralonco||Major Shareholder||Buy||4,000||$7.19||$28,760.00|| |
|8/7/2012||Thomas Fitzpatrick||CFO||Buy||10,000||$7.08||$70,800.00|| |
Headline Trends for Iridium Communications (NASDAQ:IRDM)
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Iridium Communications (IRDM) Chart for Tuesday, October, 24, 2017