Cantor Fitzgerald Weighs in on IRDM FY2026 Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for Iridium Communications in a note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst C. Canfield forecasts that the technology company will earn $0.87 per share for the year. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share.

Iridium Communications (NASDAQ:IRDM) last issued its quarterly earnings data on Tuesday, April 22nd. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $214.88 million during the quarter, compared to the consensus estimate of $211.78 million. Iridium Communications had a net margin of 13.58% and a return on equity of 15.66%. During the same quarter in the previous year, the firm posted $0.17 earnings per share.

IRDM has been the topic of a number of other reports. Oppenheimer initiated coverage on Iridium Communications in a research report on Monday, May 5th. They set an “outperform” rating and a $34.00 price target on the stock. BWS Financial reduced their price objective on Iridium Communications from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Barclays lowered 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. Wall Street Zen lowered shares of Iridium Communications from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, William Blair upgraded Iridium Communications from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.25.

Iridium Communications Price Performance

Shares of IRDM stock opened at $28.94 on Wednesday. Iridium Communications has a 1-year low of $19.91 and a 1-year high of $35.85. The company has a market cap of $3.13 billion, a P/E ratio of 30.46, a PEG ratio of 1.28 and a beta of 0.75. 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 stock’s 50-day moving average is $25.00 and its 200 day moving average is $27.85.

Iridium Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.56 annualized dividend and a yield of 1.94%. Iridium Communications’s payout ratio is 52.83%.

Institutional Trading of Iridium Communications

A number of hedge funds and other institutional investors have recently modified their holdings of IRDM. JPMorgan Chase & Co. grew its stake in shares of Iridium Communications by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 631,852 shares of the technology company’s stock valued at $18,336,000 after buying an additional 10,195 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Iridium Communications by 369.5% in the 4th quarter. Teacher Retirement System of Texas now owns 69,562 shares of the technology company’s stock valued at $2,019,000 after purchasing an additional 54,747 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Iridium Communications by 376.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,858 shares of the technology company’s stock worth $141,000 after buying an additional 3,838 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Iridium Communications during the fourth quarter worth approximately $17,613,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Iridium Communications in the 4th quarter valued at $37,000. 84.36% of the stock is owned by institutional investors and hedge funds.

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.