Zacks Research Has Optimistic Outlook of IRDM Q1 Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Zacks Research increased their Q1 2025 EPS estimates for Iridium Communications in a research note issued on Wednesday, March 5th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings per share of $0.24 for the quarter, up from their prior estimate of $0.15. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications’ FY2025 earnings at $1.05 EPS and FY2026 earnings at $1.40 EPS.

Iridium Communications (NASDAQ:IRDM) last announced its earnings results on Thursday, February 13th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.16. The firm had revenue of $212.99 million for 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%.

A number of other analysts also recently issued reports on IRDM. Cantor Fitzgerald initiated coverage on Iridium Communications in a research report on Friday, January 24th. They issued an “overweight” rating and a $40.00 price target for the company. StockNews.com upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating in a report on Thursday, February 27th.

Iridium Communications Price Performance

NASDAQ:IRDM opened at $30.65 on Monday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.73 and a quick ratio of 1.25. The business has a 50 day simple moving average of $29.69 and a 200-day simple moving average of $29.29. Iridium Communications has a 1 year low of $24.14 and a 1 year high of $35.85.

Hedge Funds Weigh In On Iridium Communications

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

Insider Buying and Selling

In related news, Director Thomas Fitzpatrick sold 12,500 shares of Iridium Communications stock in a transaction dated 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 in the company, valued at $6,876,585.90. This trade represents a 4.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

About Iridium Communications

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.