Zacks Research Has Strong Estimate for IRDM FY2025 Earnings

Iridium Communications Inc (NASDAQ:IRDM) – Zacks Research raised their FY2025 earnings per share estimates for Iridium Communications in a note issued to investors on Wednesday, November 12th. Zacks Research analyst Team now anticipates that the technology company will post earnings per share of $1.03 for the year, up from their prior estimate of $0.96. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications’ Q1 2026 earnings at $0.28 EPS, Q1 2027 earnings at $0.33 EPS and Q2 2027 earnings at $0.31 EPS.

Iridium Communications (NASDAQ:IRDM) last released its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.26 by $0.09. The firm had revenue of $226.94 million for the quarter, compared to the consensus estimate of $222.13 million. Iridium Communications had a return on equity of 24.93% and a net margin of 14.44%.The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share.

Several other equities analysts also recently commented on IRDM. Raymond James Financial downgraded shares of Iridium Communications from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $39.00 to $26.00 in a research note on Thursday, September 11th. Morgan Stanley decreased their target price on Iridium Communications from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, August 1st. Weiss Ratings downgraded shares of Iridium Communications from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Barclays cut their target price on shares of Iridium Communications from $31.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 1st. Finally, BWS Financial restated a “sell” rating and issued a $16.00 price objective on shares of Iridium Communications in a report on Friday, October 24th. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Iridium Communications has a consensus rating of “Moderate Buy” and a consensus price target of $29.67.

Iridium Communications Price Performance

Shares of Iridium Communications stock opened at $16.85 on Thursday. The stock has a market capitalization of $1.76 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.09 and a beta of 0.72. Iridium Communications has a one year low of $16.47 and a one year high of $34.45. The company has a debt-to-equity ratio of 4.02, a current ratio of 2.67 and a quick ratio of 1.93. The business’s 50 day simple moving average is $18.53 and its two-hundred day simple moving average is $24.05.

Insider Activity

In related news, CEO Matthew J. Desch purchased 20,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $17.33 per share, with a total value of $346,600.00. Following the transaction, the chief executive officer directly owned 1,127,019 shares in the company, valued at $19,531,239.27. This trade represents a 1.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert H. Niehaus acquired 30,000 shares of Iridium Communications stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average cost of $17.49 per share, with a total value of $524,700.00. Following the transaction, the director owned 297,363 shares in the company, valued at $5,200,878.87. This represents a 11.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 30,967 shares of company stock worth $557,406. Insiders own 2.40% of the company’s stock.

Institutional Trading of Iridium Communications

A number of institutional investors and hedge funds have recently bought and sold shares of IRDM. Quantinno Capital Management LP raised its holdings in Iridium Communications by 3.1% in the second quarter. Quantinno Capital Management LP now owns 15,199 shares of the technology company’s stock worth $459,000 after buying an additional 461 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Iridium Communications by 0.7% during the second quarter. Intech Investment Management LLC now owns 66,921 shares of the technology company’s stock valued at $2,019,000 after acquiring an additional 473 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Iridium Communications by 37.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,757 shares of the technology company’s stock valued at $48,000 after acquiring an additional 476 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Iridium Communications by 3.7% in the 1st quarter. IFM Investors Pty Ltd now owns 13,402 shares of the technology company’s stock worth $366,000 after acquiring an additional 480 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Iridium Communications by 3.8% in the 1st quarter. Natixis Advisors LLC now owns 14,750 shares of the technology company’s stock valued at $403,000 after acquiring an additional 546 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors.

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.