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: Satellite Service Operators
  • Sub-Industry: Alternative Carriers
  • Symbol: NASDAQ:IRDM
  • CUSIP: 46269C10
  • Web: www.iridium.com
Capitalization:
  • Market Cap: $971.81 million
  • Outstanding Shares: 97,668,000
Average Prices:
  • 50 Day Moving Avg: $10.20
  • 200 Day Moving Avg: $10.20
  • 52 Week Range: $7.43 - $11.58
P/E:
  • Trailing P/E Ratio: 10.64
  • Foreward P/E Ratio: 19.90
  • P/E Growth: 1.24
Sales & Book Value:
  • Annual Revenue: $436.27 million
  • Price / Sales: 2.23
  • Book Value: $14.46 per share
  • Price / Book: 0.69
Profitability:
  • EBIDTA: $225.84 million
  • Net Margins: 27.14%
  • Return on Equity: 8.68%
  • Return on Assets: 3.32%
Debt:
  • Current Ratio: 2.22%
  • Quick Ratio: 2.13%
Misc:
  • Average Volume: 714,619 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) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The business earned $111.60 million during the quarter, compared to analysts' expectations of $109.18 million. Iridium Communications had a return on equity of 8.68% and a net margin of 27.14%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. View Iridium Communications' Earnings History.

When will Iridium Communications make its next earnings announcement?

Iridium Communications is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Iridium Communications.

Where is Iridium Communications' stock going? Where will Iridium Communications' stock price be in 2017?

2 brokerages have issued 12-month price objectives for Iridium Communications' stock. Their predictions 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.

Who are some of Iridium Communications' key competitors?

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
  • Thomas D. Hickey, Chief Legal Officer, Secretary
  • Thomas C. Canfield, Independent Director
  • Jane L. Harman, Independent Director

Who owns Iridium Communications stock?

Iridium Communications' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.31%), Vanguard Group Inc. (10.50%), Bamco Inc. NY (9.56%), Capital World Investors (7.38%), FMR LLC (6.33%) and Van Berkom & Associates Inc. (5.44%). Company insiders that own Iridium Communications stock include A B Krongard, Barry West, Matthew J Desch, S Scott Smith 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 FMR LLC, BlackRock Inc., Silver Heights Capital Management Inc., Bank of New York Mellon Corp, Elk Creek Partners LLC, Goldman Sachs Group Inc., Financial & Investment Management Group Ltd. and Bamco Inc. NY. View Insider Buying and Selling for Iridium Communications.

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

Iridium Communications' stock was purchased by a variety of institutional investors in the last quarter, including Northern Trust Corp, LSV Asset Management, Pinnacle Associates Ltd., Van Berkom & Associates Inc., Vanguard Group Inc., Capital World Investors, Cipher Capital LP and Hancock Holding Co.. 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.

What is Iridium Communications' stock price today?

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


MarketBeat Community Rating for Iridium Communications (NASDAQ IRDM)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  115 (Vote Outperform)
Underperform Votes:  105 (Vote Underperform)
Total Votes:  220
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.

Analyst Ratings

Consensus Ratings for Iridium Communications (NASDAQ:IRDM) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $14.00 (40.70% upside)

Analysts' Ratings History for Iridium Communications (NASDAQ:IRDM)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/31/2017Drexel HamiltonReiterated RatingBuy$14.00HighView Rating Details
12/4/2016Chardan CapitalReiterated RatingHoldN/AView Rating Details
9/13/2016MacquarieReiterated RatingPositiveN/AView Rating Details
(Data available from 9/24/2015 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
10/26/2017        
7/27/2017Q2 2017$0.19$0.20$109.18 million$111.60 millionViewN/AView Earnings Details
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
Q1 20181$0.17$0.17$0.17
Q3 20181$0.22$0.22$0.22
Q4 20181($0.10)($0.10)($0.10)
(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: 6.40%
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
8/30/2017S. Scott SmithCOOSell135,000$10.51$1,418,850.00View SEC Filing  
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
globenewswire.com logoIridium Exploring Advanced NewSpace Satellite IoT Opportunities ... - GlobeNewswire (press release)
globenewswire.com - September 8 at 1:20 AM
seekingalpha.com logoIridium Communications (IRDM) Presents At Drexel Hamilton Telecom, Media & Technology Conference - Slideshow
seekingalpha.com - September 7 at 8:19 PM
finance.yahoo.com logoIridium Exploring Advanced NewSpace Satellite IoT Opportunities
finance.yahoo.com - September 7 at 8:19 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Iridium Communications Inc.
finance.yahoo.com - September 4 at 6:50 PM
americanbankingnews.com logoValuEngine Upgrades Iridium Communications Inc (IRDM) to Strong-Buy
www.americanbankingnews.com - September 3 at 8:54 AM
americanbankingnews.com logoIridium Communications Inc (IRDM) COO S. Scott Smith Sells 135,000 Shares
www.americanbankingnews.com - September 1 at 7:22 PM
americanbankingnews.com logoIridium Communications Inc (IRDM) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - August 31 at 11:04 AM
americanbankingnews.com logoIridium Communications Inc (IRDM) Receives New Coverage from Analysts at Drexel Hamilton
www.americanbankingnews.com - August 31 at 10:08 AM
finance.yahoo.com logoIridium to Present at Drexel Hamilton Telecom, Media & Technology Conference
finance.yahoo.com - August 25 at 7:12 AM
finance.yahoo.com logoETFs with exposure to Iridium Communications, Inc. : August 22, 2017
finance.yahoo.com - August 23 at 5:56 AM
americanbankingnews.com logoIridium Communications Inc (IRDM) Rating Lowered to C+ at TheStreet
www.americanbankingnews.com - August 19 at 7:08 AM
americanbankingnews.com logo$114.41 Million in Sales Expected for Iridium Communications Inc (IRDM) This Quarter
www.americanbankingnews.com - August 19 at 5:24 AM
americanbankingnews.com logoIridium Communications Inc (IRDM) Expected to Announce Earnings of $0.20 Per Share
www.americanbankingnews.com - August 17 at 12:08 PM
finance.yahoo.com logoETFs with exposure to Iridium Communications, Inc. : August 11, 2017
finance.yahoo.com - August 12 at 12:15 AM
fool.com logoHighlights From Iridium Communications' Q2 2017 Report - Motley Fool
www.fool.com - August 9 at 8:14 PM
fool.com logoHighlights From Iridium Communications’ Q2 2017 Report
www.fool.com - August 9 at 9:49 AM
americanbankingnews.com logoIridium Communications Inc (IRDM) Downgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - August 2 at 12:58 AM
americanbankingnews.com logo$114.11 Million in Sales Expected for Iridium Communications Inc (NASDAQ:IRDM) This Quarter
www.americanbankingnews.com - August 1 at 9:24 AM
finance.yahoo.com logoIridium Communications, Inc. breached its 50 day moving average in a Bearish Manner : IRDM-US : July 31, 2017
finance.yahoo.com - July 31 at 7:23 PM
americanbankingnews.com logoWilliam Blair Comments on Iridium Communications Inc's Q1 2018 Earnings (NASDAQ:IRDM)
www.americanbankingnews.com - July 31 at 8:45 AM
americanbankingnews.com logo Analysts Expect Iridium Communications Inc (IRDM) to Post $0.21 Earnings Per Share
www.americanbankingnews.com - July 30 at 7:45 AM
rttnews.com logoIridium Communications Inc. Bottom Line Falls 8% In Q2
www.rttnews.com - July 28 at 11:29 PM
finance.yahoo.com logoInvestor Network: Iridium Communications Inc. to Host Earnings Call
finance.yahoo.com - July 28 at 11:29 PM
finance.yahoo.com logoIridium Announces Second-Quarter 2017 Results; Company Affirms 2017 Outlook
finance.yahoo.com - July 28 at 11:29 PM
finance.yahoo.com logoIridium Communications, Inc. :IRDM-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 28 at 11:29 PM
seekingalpha.com logoIridium Communications' (IRDM) CEO Matt Desch on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - July 28 at 4:21 AM
americanbankingnews.com logoIridium Communications Inc (NASDAQ:IRDM) Issues Quarterly Earnings Results
www.americanbankingnews.com - July 28 at 12:21 AM
globenewswire.com logoIridium Announces Second-Quarter 2017 Results; Company Affirms 2017 Outlook - GlobeNewswire (press release)
globenewswire.com - July 27 at 11:18 PM
finance.yahoo.com logoEdited Transcript of IRDM earnings conference call or presentation 27-Jul-17 12:30pm GMT
finance.yahoo.com - July 27 at 11:18 PM
finance.yahoo.com logoIridium tops Street 2Q forecasts
finance.yahoo.com - July 27 at 11:18 PM
finance.yahoo.com logoETFs with exposure to Iridium Communications, Inc. : July 24, 2017
finance.yahoo.com - July 25 at 12:19 AM
finance.yahoo.com logoETFs with exposure to Iridium Communications, Inc. : July 14, 2017
finance.yahoo.com - July 15 at 2:27 AM
finance.yahoo.com logoIridium Poised to Make Global Maritime Distress and Safety System History
finance.yahoo.com - July 12 at 12:03 AM
finance.yahoo.com logoIridium Communications, Inc. – Value Analysis (NASDAQ:IRDM) : July 10, 2017
finance.yahoo.com - July 10 at 7:57 PM
finance.yahoo.com logoIridium Communications, Inc. breached its 50 day moving average in a Bearish Manner : IRDM-US : July 7, 2017
finance.yahoo.com - July 8 at 11:51 AM
americanbankingnews.com logo$109.23 Million in Sales Expected for Iridium Communications Inc (NASDAQ:IRDM) This Quarter
www.americanbankingnews.com - July 8 at 11:16 AM
globenewswire.com logoIridium Announces Release Date for Second-Quarter 2017 Financial Results - GlobeNewswire (press release)
globenewswire.com - July 7 at 6:33 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Iridium Communications Inc (NASDAQ:IRDM) to Announce $0.19 Earnings Per Share
www.americanbankingnews.com - July 6 at 8:40 AM
americanbankingnews.com logoIridium Communications Inc (NASDAQ:IRDM) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - July 1 at 5:38 PM
benzinga.com logoThe Futurist Scorecard: A Look At (Almost) Everything That Interests Elon Musk Besides Building Cars - Benzinga
www.benzinga.com - June 28 at 7:29 PM
bizjournals.com logoIridium’s 'financial transformation' rests on $3B in satellites and a series of SpaceX launches
www.bizjournals.com - June 27 at 6:10 PM
nasdaq.com logoBUZZ-U.S. STOCKS ON THE MOVE-Pandora, Arconic, Grubhub ... - Nasdaq
www.nasdaq.com - June 27 at 5:55 AM
nasdaq.com logoNoteworthy Monday Option Activity: IRDM, RAD, FDX
www.nasdaq.com - June 26 at 7:49 PM
finance.yahoo.com logoIridium says newly launched satellites are functioning well
finance.yahoo.com - June 26 at 7:49 PM
marketwatch.com logoLandmark launches for SpaceX: Two rockets in three days
www.marketwatch.com - June 26 at 4:42 AM
finance.yahoo.com logoThe Latest: SpaceX launches satellites from California base
finance.yahoo.com - June 25 at 11:42 PM
finance.yahoo.com logoSuccessful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space
finance.yahoo.com - June 25 at 11:42 PM
finance.yahoo.com logoSpaceX launches 10 satellites from California air base
finance.yahoo.com - June 25 at 11:42 PM
globenewswire.com logoSuccessful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space - GlobeNewswire (press release)
globenewswire.com - June 25 at 6:40 PM
finance.yahoo.com logo[$$] SpaceX Executes Back-to-Back Launches in Roughly 48 Hours
finance.yahoo.com - June 25 at 6:40 PM

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Iridium Communications (IRDM) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by MarketBeat.com Staff