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: $1.08413 billion
  • Outstanding Shares: 97,668,000
Average Prices:
  • 50 Day Moving Avg: $10.58
  • 200 Day Moving Avg: $10.52
  • 52 Week Range: $7.50 - $11.57
P/E:
  • Trailing P/E Ratio: 11.87
  • Foreward P/E Ratio: 22.20
  • P/E Growth: 1.40
Sales & Book Value:
  • Annual Revenue: $436.27 million
  • Price / Sales: 2.48
  • Book Value: $14.46 per share
  • Price / Book: 0.77
Profitability:
  • EBITDA: $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: 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?

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 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?

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?

One share of Iridium Communications stock can currently be purchased for approximately $11.10.


MarketBeat Community Rating for Iridium Communications (NASDAQ IRDM)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  122 (Vote Outperform)
Underperform Votes:  111 (Vote Underperform)
Total Votes:  233
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 (26.13% upside)
Consensus Price Target History for Iridium Communications (NASDAQ:IRDM)
Price Target History for Iridium Communications (NASDAQ:IRDM)
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 10/24/2015 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$0.18N/AView Earnings Details
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)

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Iridium Communications (IRDM) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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