Iridium Communications (IRDM) to Release Quarterly Earnings on Tuesday

Iridium Communications (NASDAQ:IRDM) will likely be releasing its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Iridium Communications to post earnings of $0.24 per share and revenue of $211.78 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Iridium Communications (NASDAQ:IRDM) last announced 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. Iridium Communications had a return on equity of 15.66% and a net margin of 13.58%. The firm had revenue of $212.99 million during the quarter, compared to the consensus estimate of $203.78 million. On average, analysts expect Iridium Communications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Iridium Communications Trading Up 0.2 %

Shares of NASDAQ IRDM opened at $24.32 on Tuesday. The firm has a market capitalization of $2.64 billion, a PE ratio of 25.60, a PEG ratio of 1.28 and a beta of 0.66. Iridium Communications has a one year low of $22.18 and a one year high of $35.85. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 3.05. The business has a 50-day moving average price of $28.40 and a two-hundred day moving average price of $29.12.

Iridium Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.56 annualized dividend and a yield of 2.30%. Iridium Communications’s dividend payout ratio is presently 58.95%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IRDM. Barclays reduced their price objective on Iridium Communications from $45.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Cantor Fitzgerald assumed coverage on shares of Iridium Communications in a research report on Friday, January 24th. They set an “overweight” rating and a $40.00 target price for the company. Finally, StockNews.com upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating in a research note on Sunday, April 6th.

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.