BWS Financial Issues Positive Estimate for IRDM Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – Research analysts at BWS Financial raised their Q1 2025 earnings per share estimates for Iridium Communications in a note issued to investors on Tuesday, February 18th. BWS Financial analyst H. Khorsand now expects that the technology company will earn $0.21 per share for the quarter, up from their previous estimate of $0.16. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. BWS Financial also issued estimates for Iridium Communications’ Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.23 EPS.

Iridium Communications (NASDAQ:IRDM) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.16. The firm had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $203.78 million. Iridium Communications had a return on equity of 15.66% and a net margin of 13.58%.

Separately, Cantor Fitzgerald started coverage on Iridium Communications in a report on Friday, January 24th. They issued an “overweight” rating and a $40.00 target price on the stock.

Iridium Communications Stock Down 1.7 %

Iridium Communications stock opened at $32.12 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.25 and a current ratio of 1.73. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 1.30 and a beta of 0.65. Iridium Communications has a fifty-two week low of $24.14 and a fifty-two week high of $35.85. The stock’s fifty day moving average is $29.30 and its two-hundred day moving average is $28.95.

Institutional Trading of Iridium Communications

A number of hedge funds have recently added to or reduced their stakes in IRDM. Norges Bank acquired a new stake in Iridium Communications in the 4th quarter worth about $28,240,000. American Century Companies Inc. raised its holdings in shares of Iridium Communications by 94.2% during the 4th quarter. American Century Companies Inc. now owns 1,735,842 shares of the technology company’s stock valued at $50,374,000 after buying an additional 841,951 shares during the period. Schroder Investment Management Group raised its holdings in shares of Iridium Communications by 44.7% during the 4th quarter. Schroder Investment Management Group now owns 2,213,512 shares of the technology company’s stock valued at $64,125,000 after buying an additional 683,777 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Iridium Communications during the 4th quarter valued at about $17,613,000. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of Iridium Communications by 37.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,088,053 shares of the technology company’s stock valued at $60,595,000 after buying an additional 567,164 shares during the period. 84.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Iridium Communications

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

Iridium Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, December 16th. Iridium Communications’s payout ratio is currently 58.95%.

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.