NASDAQ:IRDM Iridium Communications - IRDM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $60.94 +1.09 (+1.82%) (As of 03/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$60.31▼$60.9550-Day Range$56.91▼$64.9952-Week Range$32.88▼$65.41Volume452,677 shsAverage Volume727,791 shsMarket Capitalization$7.71 billionP/E Ratio870.70Dividend Yield0.85%Price Target$63.75 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Iridium Communications MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside4.6% Upside$63.75 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainability-1.74Upright™ Environmental ScoreNews Sentiment1.29Based on 7 Articles This WeekInsider TradingSelling Shares$17.34 M Sold Last QuarterProj. Earnings Growth220.00%From $0.05 to $0.16 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.1.85 out of 5 starsComputer And Technology Sector491st out of 614 stocksCommunications Equipment, Not Elsewhere Classified Industry6th 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 $63.75, Iridium Communications has a forecasted upside of 4.6% from its current price of $60.94.Amount of Analyst CoverageIridium Communications has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for IRDM. Previous Next 0.0 Dividend Strength Dividend YieldIridium Communications has a dividend yield of 0.87%, 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 742.96%. 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 325.00% 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 3.5 News and Social Media Coverage News SentimentIridium Communications has a news sentiment score of 1.29. 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 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Iridium Communications this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for IRDM on MarketBeat in the last 30 days. This is a decrease of -74% compared to the previous 30 days.MarketBeat Follows7 people have added Iridium Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 75% 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 $17,339,473.00 in company stock.Percentage Held by InsidersOnly 2.50% 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 220.00% in the coming year, from $0.05 to $0.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Iridium Communications is 870.70, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 111.78.Price to Earnings Ratio vs. SectorThe P/E ratio of Iridium Communications is 870.70, 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 309.58.Price to Book Value per Share RatioIridium Communications has a P/B Ratio of 6.79. 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 HeadlinesMarch 24, 2023 | americanbankingnews.comIridium Communications Inc. (NASDAQ:IRDM) to Post Q1 2023 Earnings of ($0.05) Per Share, Zacks Research ForecastsMarch 17, 2023 | americanbankingnews.comInsider Selling: Iridium Communications Inc. (NASDAQ:IRDM) Director Sells $276,122.00 in StockMarch 27, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 17, 2023 | americanbankingnews.comIridium Communications Inc. (NASDAQ:IRDM) EVP Sells $5,760,646.92 in StockFebruary 22, 2023 | finance.yahoo.comIridium to Participate in Investor ConferencesFebruary 18, 2023 | seekingalpha.comIRDM Iridium Communications Inc.February 18, 2023 | finance.yahoo.comIridium Communications Full Year 2022 Earnings: Beats ExpectationsFebruary 18, 2023 | finance.yahoo.comRead This Before Judging Iridium Communications Inc.'s (NASDAQ:IRDM) ROEMarch 27, 2023 | Tradewins (Ad)Modern Day Options Trading For Beginners!These days it takes more than willpower to succeed on Wall Street and for new traders, even small mistakes can sink an account! With "Your Guide To Successful Options Trading" by expert Wendy Kirkland, you can avoid new trader pitfalls and learn to earn in this vicious market. February 17, 2023 | finance.yahoo.comIridium (IRDM) Posts Loss in Q4, Revenues Beat EstimatesFebruary 16, 2023 | finanznachrichten.deIridium Communications Inc.: Iridium Announces 2022 Results; Company Issues 2023 OutlookFebruary 16, 2023 | finance.yahoo.comIridium Announces 2022 Results; Company Issues 2023 OutlookFebruary 7, 2023 | finanznachrichten.deIridium Communications Inc.: National Geographic Society and Iridium Collaborate to Support Research and ExplorationFebruary 7, 2023 | finance.yahoo.comNational Geographic Society and Iridium Collaborate to Support Research and ExplorationFebruary 1, 2023 | finance.yahoo.comCalculating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)January 31, 2023 | finance.yahoo.comThe New Iridium GO! exec Redefines Personal Off-the-Grid ConnectivityJanuary 29, 2023 | thestreet.comIridium Stock Falls On Unusually High Volume (IRDM)January 24, 2023 | finance.yahoo.comIridium Announces Release Date for Fourth-Quarter 2022 Financial ResultsJanuary 24, 2023 | reuters.comIRDM.PH - | Stock Price & Latest News | ReutersJanuary 17, 2023 | nasdaq.comInteresting IRDM Put And Call Options For August 18thJanuary 6, 2023 | finance.yahoo.comIridium (IRDM) and Qualcomm to Enable Satellite MessagingJanuary 6, 2023 | finanznachrichten.deIridium Communications Inc.: Iridium and Qualcomm Collaborate to Support Satellite Messaging in SmartphonesJanuary 6, 2023 | finance.yahoo.comPRESS DIGEST- Wall Street Journal - Jan 6January 3, 2023 | finance.yahoo.comMcLean's Iridium inks agreement to put its satellite technology in smartphonesJanuary 3, 2023 | msn.comIridium smartphone contract signed, $20M revenue estimate could be conservativeJanuary 3, 2023 | finance.yahoo.comIridium Communications' (NASDAQ:IRDM) investors will be pleased with their fantastic 318% return over the last five yearsDecember 22, 2022 | finance.yahoo.comIridium (IRDM) Unveils Iridium Messaging Transport SolutionSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings2/16/2023Ex-Dividend for 3/30 Dividend3/14/2023Today3/27/2023Dividend Payable3/30/2023Next Earnings (Estimated)4/18/2023Fiscal 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$63.75 High Stock Price Forecast$75.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+4.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.07 Trailing P/E Ratio870.70 Forward P/E Ratio1,218.80 P/E GrowthN/ANet Income$8.72 million Net Margins1.21% Pretax Margin1.25% Return on Equity0.75% Return on Assets0.29% Debt Debt-to-Equity Ratio1.30 Current Ratio2.16 Quick Ratio1.88 Sales & Book Value Annual Sales$721.03 million Price / Sales10.70 Cash Flow$2.57 per share Price / Cash Flow23.74 Book Value$8.98 per share Price / Book6.79Miscellaneous Outstanding Shares126,570,000Free Float123,409,000Market Cap$7.71 billion OptionableOptionable Beta1.11 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:LITEDropboxNASDAQ:DBXPure StorageNYSE:PSTGWESCO InternationalNYSE:WCCWolfspeedNASDAQ:WOLFView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 8,762 shares on 3/15/2023Ownership: 0.007%Barry WestSold 4,564 sharesTotal: $276,122.00 ($60.50/share)Scott ScheimreifSold 96,348 sharesTotal: $5.76 M ($59.79/share)Rockefeller Capital Management L.P.Sold 19,941 shares on 3/6/2023Ownership: 0.074%Suzanne E McbrideSold 4,669 sharesTotal: $283,174.85 ($60.65/share)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 research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 12-month price targets for Iridium Communications' stock. Their IRDM share price forecasts range from $45.00 to $75.00. On average, they expect the company's share price to reach $63.75 in the next year. This suggests a possible upside of 4.6% 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 at the beginning of 2023. Since then, IRDM stock has increased by 18.6% and is now trading at $60.94. 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, April 18th 2023. View our IRDM earnings forecast. How were Iridium Communications' earnings last quarter? Iridium Communications Inc. (NASDAQ:IRDM) issued its earnings results on Thursday, February, 16th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.00 by $0.01. The technology company earned $193.80 million during the quarter, compared to analysts' expectations of $172.52 million. Iridium Communications had a trailing twelve-month return on equity of 0.75% and a net margin of 1.21%. The business's revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. How often does Iridium Communications pay dividends? What is the dividend yield for Iridium Communications? Iridium Communications announced a quarterly dividend on Thursday, December 8th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.13 per share on Thursday, March 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Tuesday, March 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), SPDR S&P Kensho Final Frontiers ETF (ROKT), SPDR S&P Telecom ETF (XTL), Invesco S&P MidCap Momentum ETF (XMMO), ProShares Ultra Communication Services (LTL) and WisdomTree U.S. Growth & Momentum Fund (WGRO). 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 0.87%. The dividend payout ratio is 742.96%. 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 325.00% 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 declared that its board has approved a share repurchase program on Tuesday, April 19th 2022, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is 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 many different retail and institutional investors. Top institutional shareholders include Bamco Inc. NY (11.55%), Dimensional Fund Advisors LP (1.94%), Geode Capital Management LLC (1.89%), Clearbridge Investments LLC (1.59%), Charles Schwab Investment Management Inc. (1.21%) and Van Berkom & Associates 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, 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 $60.94. How much money does Iridium Communications make? Iridium Communications (NASDAQ:IRDM) has a market capitalization of $7.71 billion and generates $721.03 million in revenue each year. The technology company earns $8.72 million in net income (profit) each year or $0.07 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 3/27/2023 by MarketBeat.com Staff 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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