Iridium Communications (IRDM) Expected to Announce Quarterly Earnings on Thursday

Iridium Communications (NASDAQ:IRDM) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Iridium Communications to post earnings of $0.15 per share and revenue of $204.10 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Iridium Communications Stock Down 0.6 %

IRDM stock opened at $27.81 on Wednesday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 29.59 and a beta of 0.65. The company has a debt-to-equity ratio of 2.68, a quick ratio of 2.01 and a current ratio of 2.62. The business’s 50-day moving average is $29.19 and its two-hundred day moving average is $28.81. Iridium Communications has a fifty-two week low of $24.14 and a fifty-two week high of $36.32.

Iridium Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, December 16th. Iridium Communications’s dividend payout ratio (DPR) is presently 59.58%.

Analyst Ratings Changes

IRDM has been the subject of a number of research reports. Cantor Fitzgerald initiated coverage on shares of Iridium Communications in a report on Friday, January 24th. They set an “overweight” rating and a $40.00 target price for the company. BWS Financial restated a “neutral” rating and issued a $30.00 price objective on shares of Iridium Communications in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.75.

Insider Transactions at Iridium Communications

In related news, Director Thomas Fitzpatrick sold 12,500 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $28.53, for a total value of $356,625.00. Following the completion of the transaction, the director now owns 241,030 shares of the company’s stock, valued at approximately $6,876,585.90. This represents a 4.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

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.