Analysts Set Expectations for IRDM Q1 Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Equities researchers at William Blair issued their Q1 2025 earnings per share estimates for Iridium Communications in a report released on Thursday, February 13th. William Blair analyst L. Dipalma anticipates that the technology company will earn $0.21 per share for the quarter. The consensus estimate for Iridium Communications’ current full-year earnings is $0.80 per share. William Blair also issued estimates for Iridium Communications’ Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $0.92 EPS and FY2026 earnings at $1.05 EPS.

Separately, Cantor Fitzgerald began coverage on Iridium Communications in a report on Friday, January 24th. They set an “overweight” rating and a $40.00 price target for the company.

Iridium Communications Stock Up 2.6 %

Shares of IRDM stock opened at $32.46 on Monday. Iridium Communications has a 12 month low of $24.14 and a 12 month high of $35.85. The firm has a market cap of $3.70 billion, a PE ratio of 34.53 and a beta of 0.65. The stock has a 50 day moving average of $29.22 and a 200-day moving average of $28.90. The company has a quick ratio of 2.01, a current ratio of 2.62 and a debt-to-equity ratio of 2.68.

Iridium Communications (NASDAQ:IRDM) last announced its earnings results on Thursday, February 13th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.16. The firm had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $203.78 million. Iridium Communications had a return on equity of 14.34% and a net margin of 14.09%.

Iridium Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.14 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 1.73%. Iridium Communications’s dividend payout ratio (DPR) is currently 59.58%.

Insider Buying and Selling

In other Iridium Communications news, Director Thomas Fitzpatrick sold 12,500 shares of Iridium Communications stock in a transaction on Friday, January 10th. The stock was sold at an average price of $28.53, for a total transaction of $356,625.00. Following the completion of the transaction, the director now directly owns 241,030 shares of the company’s stock, valued at approximately $6,876,585.90. This trade represents a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in shares of Iridium Communications by 19.8% during the fourth quarter. Fifth Third Bancorp now owns 2,162 shares of the technology company’s stock valued at $63,000 after acquiring an additional 357 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Iridium Communications by 2.8% during the third quarter. State of Alaska Department of Revenue now owns 13,750 shares of the technology company’s stock valued at $418,000 after acquiring an additional 375 shares during the period. Pinnacle Holdings LLC lifted its holdings in shares of Iridium Communications by 45.4% during the fourth quarter. Pinnacle Holdings LLC now owns 1,528 shares of the technology company’s stock valued at $44,000 after acquiring an additional 477 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Iridium Communications by 6.6% during the fourth quarter. Two Sigma Advisers LP now owns 8,100 shares of the technology company’s stock valued at $235,000 after acquiring an additional 500 shares during the period. Finally, EntryPoint Capital LLC lifted its holdings in shares of Iridium Communications by 4.1% during the fourth quarter. EntryPoint Capital LLC now owns 15,330 shares of the technology company’s stock valued at $445,000 after acquiring an additional 600 shares during the period. 84.36% of the stock is owned by institutional investors.

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.