Q4 Earnings Forecast for IRDM Issued By BWS Financial

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - Equities researchers at BWS Financial issued their Q4 2025 earnings per share (EPS) estimates for shares of Iridium Communications in a report released on Monday, October 21st. BWS Financial analyst H. Khorsand anticipates that the technology company will post earnings per share of $0.17 for the quarter. BWS Financial has a "Neutral" rating and a $30.00 price target on the stock. The consensus estimate for Iridium Communications' current full-year earnings is $0.81 per share.

Separately, Barclays boosted their price objective on Iridium Communications from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Iridium Communications Price Performance

IRDM stock traded down $0.84 during mid-day trading on Thursday, reaching $28.94. 989,251 shares of the company traded hands, compared to its average volume of 1,091,363. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.25 and a quick ratio of 1.52. The company has a market capitalization of $3.51 billion, a P/E ratio of 137.81 and a beta of 0.65. Iridium Communications has a 52-week low of $24.14 and a 52-week high of $41.66. The company has a fifty day moving average price of $28.46 and a 200-day moving average price of $28.07.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.10. The business had revenue of $201.07 million during the quarter, compared to analyst estimates of $204.01 million. Iridium Communications had a return on equity of 10.23% and a net margin of 11.08%. The company's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS.

Hedge Funds Weigh In On Iridium Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in IRDM. Allspring Global Investments Holdings LLC raised its holdings in shares of Iridium Communications by 7,684.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,012 shares of the technology company's stock valued at $27,000 after acquiring an additional 999 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Iridium Communications during the first quarter valued at approximately $29,000. Mather Group LLC. purchased a new stake in Iridium Communications in the second quarter worth $32,000. Blue Trust Inc. grew its stake in Iridium Communications by 109.7% in the second quarter. Blue Trust Inc. now owns 1,491 shares of the technology company's stock worth $39,000 after purchasing an additional 780 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Iridium Communications in the second quarter worth $45,000. Institutional investors own 84.36% of the company's stock.

Insider Buying and Selling at Iridium Communications

In other Iridium Communications news, Director Robert H. Niehaus sold 38,355 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $29.39, for a total value of $1,127,253.45. Following the completion of the sale, the director now owns 254,824 shares in the company, valued at approximately $7,489,277.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Iridium Communications announced that its Board of Directors has authorized a stock buyback program on Thursday, September 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 14.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Iridium Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.56 annualized dividend and a yield of 1.94%. Iridium Communications's payout ratio is currently 266.67%.

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.