Zacks Research Has Pessimistic Outlook of IRDM Q1 Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Equities research analysts at Zacks Research dropped their Q1 2027 earnings estimates for shares of Iridium Communications in a report issued on Thursday, May 8th. Zacks Research analyst R. Department now expects that the technology company will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.47. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share.

Iridium Communications (NASDAQ:IRDM) last posted its earnings results on Tuesday, April 22nd. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $214.88 million during the quarter, compared to analysts’ expectations of $211.78 million. Iridium Communications had a net margin of 13.58% and a return on equity of 15.66%. During the same quarter in the previous year, the company posted $0.17 earnings per share.

A number of other research firms have also commented on IRDM. Barclays lowered their target price on shares of Iridium Communications from $45.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, March 10th. StockNews.com lowered shares of Iridium Communications from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. William Blair raised shares of Iridium Communications from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 22nd. BWS Financial cut their target price on Iridium Communications from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Finally, Oppenheimer started coverage on Iridium Communications in a research note on Monday, May 5th. They issued an “outperform” rating and a $34.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

Iridium Communications Stock Performance

IRDM stock opened at $25.66 on Monday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.73 and a quick ratio of 1.25. The company has a 50 day moving average price of $25.78 and a 200 day moving average price of $28.28. Iridium Communications has a fifty-two week low of $19.91 and a fifty-two week high of $35.85. The stock has a market capitalization of $2.78 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Hedge Funds Weigh In On Iridium Communications

Hedge funds have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new position in Iridium Communications in the 4th quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new position in Iridium Communications in the 4th quarter valued at $37,000. UMB Bank n.a. raised its holdings in Iridium Communications by 129.8% in the 1st quarter. UMB Bank n.a. now owns 1,379 shares of the technology company’s stock valued at $38,000 after acquiring an additional 779 shares in the last quarter. Pinnacle Holdings LLC lifted its position in Iridium Communications by 45.4% during the fourth quarter. Pinnacle Holdings LLC now owns 1,528 shares of the technology company’s stock worth $44,000 after purchasing an additional 477 shares during the period. Finally, Cooksen Wealth LLC bought a new stake in Iridium Communications during the first quarter worth about $47,000. 84.36% of the stock is owned by institutional investors.

Iridium Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.14 per share. The ex-dividend date was Monday, March 17th. This represents a $0.56 annualized dividend and a yield of 2.18%. Iridium Communications’s dividend payout ratio (DPR) is presently 52.83%.

Iridium Communications Company Profile

Iridium Communications Inc provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services.