Analysts Set Expectations for IRDM Q1 Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Equities research analysts at William Blair issued their Q1 2025 earnings per share estimates for Iridium Communications in a research report issued to clients and investors on Thursday, February 13th. William Blair analyst L. Dipalma expects that the technology company will post earnings of $0.21 per share for the quarter. The consensus estimate for Iridium Communications’ current full-year earnings is $0.80 per share. William Blair also issued estimates for Iridium Communications’ Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $0.92 EPS and FY2026 earnings at $1.05 EPS.

Iridium Communications (NASDAQ:IRDM) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.16. Iridium Communications had a return on equity of 14.34% and a net margin of 14.09%. The business had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $203.78 million.

Separately, Cantor Fitzgerald began coverage on Iridium Communications in a research report on Friday, January 24th. They issued an “overweight” rating and a $40.00 price objective for the company.

Iridium Communications Stock Performance

Iridium Communications stock opened at $32.46 on Monday. The stock has a 50-day simple moving average of $29.22 and a 200 day simple moving average of $28.90. The company has a quick ratio of 2.01, a current ratio of 2.62 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 34.53 and a beta of 0.65. Iridium Communications has a 12-month low of $24.14 and a 12-month high of $35.85.

Hedge Funds Weigh In On Iridium Communications

Several institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC acquired a new position in shares of Iridium Communications during the 4th quarter worth about $873,000. Two Sigma Advisers LP lifted its holdings in shares of Iridium Communications by 6.6% during the 4th quarter. Two Sigma Advisers LP now owns 8,100 shares of the technology company’s stock valued at $235,000 after purchasing an additional 500 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Iridium Communications during the 4th quarter valued at about $610,000. Sherbrooke Park Advisers LLC bought a new position in shares of Iridium Communications during the 4th quarter valued at about $671,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Iridium Communications by 277.8% during the 4th quarter. Point72 Asset Management L.P. now owns 270,341 shares of the technology company’s stock valued at $7,845,000 after purchasing an additional 198,788 shares in the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Iridium Communications

In other news, Director Thomas Fitzpatrick sold 12,500 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $28.53, for a total transaction of $356,625.00. Following the completion of the transaction, the director now directly owns 241,030 shares in the company, valued at approximately $6,876,585.90. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Iridium Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.56 dividend on an annualized basis and a yield of 1.73%. Iridium Communications’s payout ratio is 59.58%.

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.