Q4 EPS Estimate for Iridium Communications Cut by Analyst

Iridium Communications Inc. (NASDAQ:IRDM) – Equities research analysts at BWS Financial lowered their Q4 2025 earnings per share (EPS) estimates for shares of Iridium Communications in a research note issued to investors on Wednesday, April 23rd. BWS Financial analyst H. Khorsand now anticipates that the technology company will post earnings per share of $0.22 for the quarter, down from their prior forecast of $0.23. BWS Financial has a “Neutral” rating and a $25.00 price objective on the stock. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share.

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

Several other equities analysts have also commented on the company. William Blair raised Iridium Communications from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 22nd. Cantor Fitzgerald started coverage on Iridium Communications in a report on Friday, January 24th. They issued an “overweight” rating and a $40.00 price objective on the stock. Barclays cut their target price on Iridium Communications from $45.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, StockNews.com downgraded Iridium Communications from a “buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Iridium Communications Trading Down 0.2 %

Shares of NASDAQ:IRDM opened at $24.12 on Monday. The company has a market cap of $2.61 billion, a PE ratio of 25.39, a P/E/G ratio of 1.28 and a beta of 0.66. The company’s 50 day moving average is $26.87 and its two-hundred day moving average is $28.60. Iridium Communications has a 52 week low of $19.91 and a 52 week high of $35.85. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 3.05.

Institutional Trading of Iridium Communications

Institutional investors and hedge funds have recently made changes to their positions in the company. Cooksen Wealth LLC acquired a new position in Iridium Communications during the first quarter worth approximately $47,000. Penserra Capital Management LLC grew its position in shares of Iridium Communications by 20.3% during the first quarter. Penserra Capital Management LLC now owns 92,133 shares of the technology company’s stock worth $2,517,000 after acquiring an additional 15,553 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Iridium Communications by 3.6% in the 1st quarter. Impax Asset Management Group plc now owns 35,227 shares of the technology company’s stock valued at $962,000 after acquiring an additional 1,212 shares during the period. IFM Investors Pty Ltd raised its position in Iridium Communications by 3.7% in the 1st quarter. IFM Investors Pty Ltd now owns 13,402 shares of the technology company’s stock valued at $366,000 after purchasing an additional 480 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Iridium Communications during the 1st quarter worth $109,000. 84.36% of the stock is owned by hedge funds and other institutional investors.

Iridium Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, March 17th. Iridium Communications’s dividend payout ratio (DPR) is currently 52.83%.

About Iridium Communications

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.