FY2026 EPS Estimates for Iridium Communications Inc. Raised by Zacks Research (NASDAQ:IRDM)

Iridium Communications Inc. (NASDAQ:IRDM) – Stock analysts at Zacks Research increased their FY2026 earnings estimates for Iridium Communications in a research note issued to investors on Wednesday, September 11th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of $0.93 per share for the year, up from their prior forecast of $0.92. The consensus estimate for Iridium Communications’ current full-year earnings is $0.81 per share.

Iridium Communications (NASDAQ:IRDM) last issued its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. Iridium Communications had a net margin of 11.08% and a return on equity of 10.23%. The firm had revenue of $201.07 million for the quarter, compared to analyst estimates of $204.01 million. During the same period in the previous year, the business earned ($0.24) EPS. The company’s revenue was up 4.1% compared to the same quarter last year.

A number of other research firms also recently weighed in on IRDM. BWS Financial restated a “neutral” rating and issued a $30.00 price target on shares of Iridium Communications in a research note on Wednesday, July 24th. Barclays increased their price objective on Iridium Communications from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Iridium Communications Price Performance

Shares of NASDAQ IRDM opened at $26.24 on Thursday. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.25 and a quick ratio of 1.52. The business has a 50-day moving average of $26.83 and a 200-day moving average of $27.55. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 124.95 and a beta of 0.64. Iridium Communications has a fifty-two week low of $24.14 and a fifty-two week high of $51.62.

Iridium Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.14 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.56 annualized dividend and a yield of 2.13%. Iridium Communications’s dividend payout ratio is 266.67%.

Institutional Investors Weigh In On Iridium Communications

Large investors have recently added to or reduced their stakes in the business. Nikko Asset Management Americas Inc. boosted its position in Iridium Communications by 44.9% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 1,743,482 shares of the technology company’s stock worth $71,762,000 after purchasing an additional 539,909 shares during the period. Silver Heights Capital Management Inc lifted its stake in shares of Iridium Communications by 8.8% during the 4th quarter. Silver Heights Capital Management Inc now owns 2,656,227 shares of the technology company’s stock worth $109,330,000 after buying an additional 214,508 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Iridium Communications by 250.1% during the 4th quarter. BNP Paribas Financial Markets now owns 122,906 shares of the technology company’s stock worth $5,059,000 after buying an additional 87,802 shares during the period. Clearbridge Investments LLC grew its stake in Iridium Communications by 4.5% in the 4th quarter. Clearbridge Investments LLC now owns 2,266,706 shares of the technology company’s stock valued at $93,298,000 after buying an additional 97,167 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Iridium Communications in the 1st quarter valued at about $913,000. Institutional investors own 84.36% of the company’s stock.

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.