What is Zacks Research's Estimate for IRDM Q1 Earnings?

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - Zacks Research boosted their Q1 2025 earnings per share estimates for Iridium Communications in a research report issued on Wednesday, March 5th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings per share of $0.24 for the quarter, up from their prior estimate of $0.15. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications' FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.40 EPS.

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

A number of other research firms have also weighed in on IRDM. Barclays lowered their target price on shares of Iridium Communications from $45.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday. StockNews.com upgraded shares of Iridium Communications from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald began coverage on shares of Iridium Communications in a research report on Friday, January 24th. They set an "overweight" rating and a $40.00 price target on the stock.

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Iridium Communications Stock Down 1.9 %

Shares of Iridium Communications stock traded down $0.52 during trading hours on Monday, reaching $26.84. The company's stock had a trading volume of 847,386 shares, compared to its average volume of 1,218,644. The company has a market capitalization of $2.92 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.28 and a beta of 0.70. The stock's fifty day simple moving average is $29.68 and its two-hundred day simple moving average is $29.32. Iridium Communications has a one year low of $24.14 and a one year high of $35.85. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.25 and a current ratio of 1.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IRDM. Castle Rock Wealth Management LLC purchased a new position in Iridium Communications in the fourth quarter valued at approximately $1,918,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Iridium Communications in the fourth quarter valued at $273,000. PharVision Advisers LLC purchased a new position in shares of Iridium Communications during the 4th quarter valued at $873,000. Two Sigma Advisers LP grew its stake in shares of Iridium Communications by 6.6% during the 4th quarter. Two Sigma Advisers LP now owns 8,100 shares of the technology company's stock worth $235,000 after acquiring an additional 500 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Iridium Communications in the 4th quarter worth about $610,000. 84.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Iridium Communications

In related news, Director Thomas Fitzpatrick sold 12,500 shares of the 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 transaction, the director now owns 241,030 shares in the company, valued at approximately $6,876,585.90. This represents a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company's stock.

Iridium Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, March 17th. Iridium Communications's dividend payout ratio is presently 58.95%.

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.