Iridium Communications (IRDM) to Release Earnings on Tuesday

Iridium Communications (NASDAQ:IRDM) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.24 per share and revenue of $211.78 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Iridium Communications (NASDAQ:IRDM) last released 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 company had revenue of $212.99 million for the quarter, compared to the consensus estimate of $203.78 million. On average, analysts expect Iridium Communications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Iridium Communications Price Performance

NASDAQ IRDM opened at $23.77 on Monday. Iridium Communications has a 12 month low of $22.18 and a 12 month high of $35.85. The firm has a market capitalization of $2.58 billion, a PE ratio of 25.02, a P/E/G ratio of 1.28 and a beta of 0.66. The company’s 50 day simple moving average is $28.06 and its 200 day simple moving average is $28.91. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, March 17th. This represents a $0.56 annualized dividend and a yield of 2.36%. Iridium Communications’s payout ratio is presently 58.95%.

Analysts Set New Price Targets

Several research analysts recently weighed in on IRDM shares. Barclays dropped their price target on Iridium Communications from $45.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Cantor Fitzgerald initiated coverage on Iridium Communications in a report on Friday, January 24th. They set an “overweight” rating and a $40.00 price target for the company. Finally, StockNews.com upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating in a research note on Sunday, April 6th.

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.