Zacks Research Has Positive Outlook for IRDM Q2 Earnings

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - Equities researchers at Zacks Research upped their Q2 2025 EPS estimates for shares of Iridium Communications in a note issued to investors on Wednesday, March 5th. Zacks Research analyst R. Department now expects that the technology company will post earnings per share of $0.24 for the quarter, up from their prior forecast of $0.17. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications' Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.27 EPS, Q1 2026 earnings at $0.30 EPS, Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.41 EPS and FY2027 earnings at $2.15 EPS.

IRDM has been the topic of a number of other research reports. Cantor Fitzgerald assumed coverage on Iridium Communications in a research report on Friday, January 24th. They set an "overweight" rating and a $40.00 price target on the stock. Barclays reduced their target price on Iridium Communications from $45.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday. Finally, StockNews.com raised shares of Iridium Communications from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th.

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Iridium Communications Price Performance

Shares of NASDAQ:IRDM traded down $0.42 during trading on Friday, reaching $29.33. 1,780,093 shares of the company's stock traded hands, compared to its average volume of 1,220,715. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 3.05. Iridium Communications has a fifty-two week low of $24.14 and a fifty-two week high of $35.85. The company has a 50-day simple moving average of $29.69 and a 200-day simple moving average of $29.29. The firm has a market cap of $3.19 billion, a PE ratio of 30.87, a P/E/G ratio of 1.28 and a beta of 0.70.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $212.99 million during the quarter, compared to analysts' expectations of $203.78 million. Iridium Communications had a net margin of 13.58% and a return on equity of 15.66%.

Hedge Funds Weigh In On Iridium Communications

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

Insider Buying and Selling at Iridium Communications

In other news, Director Thomas Fitzpatrick sold 12,500 shares of the company's stock in a transaction 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 $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 is available through this hyperlink. Insiders own 2.00% of the company's stock.

Iridium Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.91%. Iridium Communications's payout ratio is currently 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.