Research Analysts Set Expectations for IRDM Q1 Earnings

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - Analysts at William Blair issued their Q1 2025 earnings estimates for shares of Iridium Communications in a research report issued on Thursday, February 13th. William Blair analyst L. Dipalma anticipates that the technology company will post earnings per share of $0.21 for the quarter. The consensus estimate for Iridium Communications' current full-year earnings is $0.91 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.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.16. Iridium Communications had a net margin of 13.58% and a return on equity of 15.66%. The firm had revenue of $212.99 million for the quarter, compared to analyst estimates of $203.78 million.

Separately, Cantor Fitzgerald started coverage on Iridium Communications in a research note on Friday, January 24th. They issued an "overweight" rating and a $40.00 price objective for the company.

Iridium Communications Price Performance

Shares of Iridium Communications stock traded down $0.54 during mid-day trading on Monday, reaching $32.12. 1,354,823 shares of the stock traded hands, compared to its average volume of 1,171,723. The stock has a market capitalization of $3.50 billion, a PE ratio of 33.81 and a beta of 0.65. The business has a 50-day moving average of $29.26 and a 200 day moving average of $28.93. Iridium Communications has a fifty-two week low of $24.14 and a fifty-two week high of $35.85. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 3.05.

Hedge Funds Weigh In On Iridium Communications

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in Iridium Communications by 0.9% in the third quarter. State Street Corp now owns 4,269,883 shares of the technology company's stock valued at $130,018,000 after purchasing an additional 36,851 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Iridium Communications by 12.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,829,052 shares of the technology company's stock valued at $82,099,000 after buying an additional 320,506 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Iridium Communications by 13.2% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,827,580 shares of the technology company's stock worth $82,028,000 after buying an additional 329,915 shares in the last quarter. ARK Investment Management LLC raised its holdings in Iridium Communications by 5.7% in the fourth quarter. ARK Investment Management LLC now owns 2,507,715 shares of the technology company's stock valued at $72,774,000 after acquiring an additional 134,924 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Iridium Communications by 44.7% during the 4th quarter. Schroder Investment Management Group now owns 2,213,512 shares of the technology company's stock worth $64,125,000 after purchasing an additional 683,777 shares during the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Iridium Communications

In related news, Director Thomas Fitzpatrick sold 12,500 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $28.53, for a total transaction of $356,625.00. Following the completion of the sale, the director now directly owns 241,030 shares in the company, valued at approximately $6,876,585.90. This trade represents a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company's stock.

Iridium Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.74%. Iridium Communications's dividend payout ratio (DPR) is presently 58.95%.

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.