2 weeks Ago By ABMN Staff
Iridium Communications Inc. ( NASDAQ:IRDM – Free Report ) – Analysts at Cantor Fitzgerald cut their FY2025 earnings per share estimates for shares of Iridium Communications in a note issued to investors on Tuesday, April 22nd. Cantor Fitzgerald analyst C.
Canfield now forecasts that the technology company will post earnings of $0.79 per share for the year, down from their previous estimate of $0.84.
Cantor Fitzgerald has a “Overweight” rating and a $40.00 price objective on the stock. The consensus estimate for Iridium Communications’ current full-year earnings is $0.
89 per share. Other analysts have also recently issued reports about the stock. BWS Financial lowered their price objective on shares of Iridium Communications from $30.
00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.
com downgraded Iridium Communications from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays dropped their target price on shares of Iridium Communications from $45.00 to $38.
00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Finally, William Blair upgraded shares of Iridium Communications from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock.
According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.33. Iridium Communications Trading Up 6.
8 % Shares of IRDM stock opened at $23.04 on Wednesday. The firm’s 50-day simple moving average is $27.
38 and its 200-day simple moving average is $28.72. The company has a debt-to-equity ratio of 3.
05, a current ratio of 1.73 and a quick ratio of 1.25.
Iridium Communications has a 1-year low of $19.91 and a 1-year high of $35.85.
The firm has a market cap of $2.51 billion, a P/E ratio of 24.25, a PEG ratio of 1.
28 and a beta of 0.66. Iridium Communications ( NASDAQ:IRDM – Get Free Report ) last released its earnings results on Tuesday, April 22nd.
The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.
05. Iridium Communications had a return on equity of 15.66% and a net margin of 13.
58%. The firm had revenue of $214.88 million during the quarter, compared to analyst estimates of $211.
78 million. During the same period in the prior year, the firm posted $0.17 earnings per share.
Iridium Communications Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.14 dividend.
This represents a $0.56 dividend on an annualized basis and a yield of 2.43%.
The ex-dividend date was Monday, March 17th. Iridium Communications’s dividend payout ratio is presently 58.95%.
Institutional Trading of Iridium Communications Several large investors have recently bought and sold shares of IRDM. Norges Bank purchased a new position in shares of Iridium Communications in the fourth quarter valued at $28,240,000. American Century Companies Inc.
boosted its position in Iridium Communications by 94.2% in the 4th quarter. American Century Companies Inc.
now owns 1,735,842 shares of the technology company’s stock valued at $50,374,000 after buying an additional 841,951 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Iridium Communications by 44.7% during the fourth quarter.
Schroder Investment Management Group now owns 2,213,512 shares of the technology company’s stock valued at $64,125,000 after acquiring an additional 683,777 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Iridium Communications during the fourth quarter worth about $17,613,000.
Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Iridium Communications by 37.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,088,053 shares of the technology company’s stock worth $60,595,000 after acquiring an additional 567,164 shares in the last quarter.
Institutional investors and hedge funds own 84.36% of the company’s stock. Iridium Communications Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Iridium Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iridium Communications and related companies with MarketBeat.com's FREE daily email newsletter .
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