BWS Financial Issues Optimistic Estimate for IRDM Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Investment analysts at BWS Financial lifted their Q1 2025 earnings estimates for Iridium Communications in a report issued on Tuesday, February 18th. BWS Financial analyst H. Khorsand now forecasts that the technology company will post earnings of $0.21 per share for the quarter, up from their previous estimate of $0.16. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. BWS Financial also issued estimates for Iridium Communications’ Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.23 EPS.

Separately, Cantor Fitzgerald started coverage on shares of Iridium Communications in a research report on Friday, January 24th. They issued an “overweight” rating and a $40.00 price objective for the company.

Iridium Communications Stock Performance

IRDM stock opened at $31.08 on Friday. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.30 and a beta of 0.65. The firm has a 50-day simple moving average of $29.31 and a two-hundred day simple moving average of $28.98. 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.

Iridium Communications (NASDAQ:IRDM) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.16. Iridium Communications had a net margin of 13.58% and a return on equity of 15.66%. The firm had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $203.78 million.

Iridium Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, December 16th. This represents a $0.56 annualized dividend and a dividend yield of 1.80%. Iridium Communications’s dividend payout ratio is presently 58.95%.

Insider Transactions at Iridium Communications

In related news, Director Thomas Fitzpatrick sold 12,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was 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 directly owns 241,030 shares of the company’s stock, valued at approximately $6,876,585.90. This trade represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Iridium Communications

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Iridium Communications by 19.8% during the fourth quarter. Fifth Third Bancorp now owns 2,162 shares of the technology company’s stock worth $63,000 after purchasing an additional 357 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Iridium Communications by 2.8% during the third quarter. State of Alaska Department of Revenue now owns 13,750 shares of the technology company’s stock worth $418,000 after purchasing an additional 375 shares during the last quarter. Pinnacle Holdings LLC lifted its stake in Iridium Communications by 45.4% during the fourth 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 last quarter. Two Sigma Advisers LP lifted 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 purchasing an additional 500 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its stake in Iridium Communications by 4.1% during the fourth quarter. EntryPoint Capital LLC now owns 15,330 shares of the technology company’s stock worth $445,000 after purchasing an additional 600 shares during the last quarter. 84.36% of the stock is owned by institutional investors and hedge funds.

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.