Brokers Issue Forecasts for IRDM Q1 Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Stock analysts at William Blair issued their Q1 2025 earnings estimates for Iridium Communications in a report released on Thursday, February 13th. William Blair analyst L. Dipalma forecasts that the technology company will earn $0.21 per share for the quarter. The consensus estimate for Iridium Communications’ current full-year earnings is $0.80 per share. William Blair also issued estimates for Iridium Communications’ Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $0.92 EPS and FY2026 earnings at $1.05 EPS.

IRDM has been the subject of a number of other reports. BWS Financial restated a “neutral” rating and issued a $30.00 price target on shares of Iridium Communications in a research report on Monday, October 21st. Cantor Fitzgerald started coverage on Iridium Communications in a report on Friday, January 24th. They issued an “overweight” rating and a $40.00 target price for the company.

Iridium Communications Stock Down 1.1 %

Shares of NASDAQ IRDM opened at $31.63 on Monday. The stock has a market cap of $3.60 billion, a PE ratio of 33.65 and a beta of 0.65. The company has a current ratio of 2.62, a quick ratio of 2.01 and a debt-to-equity ratio of 2.68. Iridium Communications has a 12-month low of $24.14 and a 12-month high of $36.32. The company has a 50-day moving average of $29.18 and a 200 day moving average of $28.85.

Iridium Communications (NASDAQ:IRDM) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.15 by $0.16. Iridium Communications had a return on equity of 14.34% and a net margin of 14.09%. The firm had revenue of $212.99 million during the quarter, compared to the consensus estimate of $203.78 million.

Institutional Investors Weigh In On Iridium Communications

Several large investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new position in shares of Iridium Communications in the fourth quarter worth $32,000. SBI Securities Co. Ltd. acquired a new position in Iridium Communications during the 4th quarter worth $37,000. Pinnacle Holdings LLC increased its holdings in Iridium Communications by 45.4% during the 4th quarter. Pinnacle Holdings LLC now owns 1,528 shares of the technology company’s stock worth $44,000 after purchasing an additional 477 shares during the period. Capital Performance Advisors LLP acquired a new stake in Iridium Communications in the 3rd quarter valued at about $57,000. Finally, Fifth Third Bancorp boosted its stake in shares of Iridium Communications by 19.8% in the 4th quarter. Fifth Third Bancorp now owns 2,162 shares of the technology company’s stock valued at $63,000 after buying an additional 357 shares during the period. 84.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Iridium Communications news, Director Thomas Fitzpatrick sold 12,500 shares of Iridium Communications stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $28.53, for a total value of $356,625.00. Following the completion of the transaction, the director now directly owns 241,030 shares of the company’s stock, valued at $6,876,585.90. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Iridium Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.77%. The ex-dividend date was Monday, December 16th. Iridium Communications’s dividend payout ratio (DPR) is presently 59.58%.

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.