What is BWS Financial’s Estimate for IRDM Q4 Earnings?

Iridium Communications Inc. (NASDAQ:IRDM) – Investment analysts at BWS Financial dropped their Q4 2024 EPS estimates for shares of Iridium Communications in a research note issued to investors on Monday, October 21st. BWS Financial analyst H. Khorsand now expects that the technology company will earn $0.14 per share for the quarter, down from their previous estimate of $0.16. BWS Financial has a “Neutral” rating and a $30.00 price target on the stock. The consensus estimate for Iridium Communications’ current full-year earnings is $0.81 per share. BWS Financial also issued estimates for Iridium Communications’ Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.23 EPS and FY2025 earnings at $0.76 EPS.

Iridium Communications (NASDAQ:IRDM) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.17 by $0.10. Iridium Communications had a net margin of 11.08% and a return on equity of 10.23%. The firm had revenue of $201.07 million for the quarter, compared to the consensus estimate of $204.01 million. During the same period last year, the firm earned ($0.24) EPS. The company’s revenue was up 4.1% on a year-over-year basis.

Separately, Barclays upped their price objective on Iridium Communications from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Iridium Communications Trading Down 2.8 %

Shares of Iridium Communications stock opened at $28.89 on Wednesday. Iridium Communications has a fifty-two week low of $24.14 and a fifty-two week high of $41.66. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.52 and a current ratio of 2.25. The company has a market capitalization of $3.51 billion, a P/E ratio of 137.57 and a beta of 0.65. The company has a fifty day moving average of $28.39 and a 200 day moving average of $28.06.

Institutional Trading of Iridium Communications

A number of large investors have recently added to or reduced their stakes in IRDM. Allspring Global Investments Holdings LLC grew its holdings in shares of Iridium Communications by 7,684.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,012 shares of the technology company’s stock valued at $27,000 after purchasing an additional 999 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Iridium Communications in the 1st quarter worth $29,000. Mather Group LLC. bought a new stake in shares of Iridium Communications in the 2nd quarter worth about $32,000. Blue Trust Inc. raised its position in shares of Iridium Communications by 109.7% during the 2nd quarter. Blue Trust Inc. now owns 1,491 shares of the technology company’s stock valued at $39,000 after buying an additional 780 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Iridium Communications in the second quarter worth about $45,000. Institutional investors own 84.36% of the company’s stock.

Iridium Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, September 13th. Iridium Communications’s payout ratio is presently 266.67%.

Iridium Communications announced that its board has initiated a stock repurchase plan on Thursday, September 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 14.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.