Iridium Communications (IRDM) Expected to Announce Earnings on Thursday

Iridium Communications (NASDAQ:IRDM - Get Free Report) is expected to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Iridium Communications to post earnings of $0.15 per share and revenue of $204.10 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Iridium Communications Price Performance

IRDM stock traded down $0.15 during trading on Friday, reaching $28.42. 903,023 shares of the company were exchanged, compared to its average volume of 981,978. Iridium Communications has a twelve month low of $24.14 and a twelve month high of $36.32. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.62 and a quick ratio of 2.01. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 30.23 and a beta of 0.65. The company has a 50-day moving average of $29.28 and a two-hundred day moving average of $28.82.

Iridium Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.97%. Iridium Communications's dividend payout ratio (DPR) is presently 59.58%.

Insider Buying and Selling

In other Iridium Communications news, Director Thomas Fitzpatrick sold 12,500 shares of the stock in a transaction that occurred on 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 owns 241,030 shares of the company's stock, valued at approximately $6,876,585.90. This represents a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IRDM has been the topic of a number of research reports. BWS Financial restated a "neutral" rating and set a $30.00 price objective on shares of Iridium Communications in a research report on Monday, October 21st. 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 on the stock. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Iridium Communications currently has an average rating of "Moderate Buy" and an average target price of $40.75.

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.