Zacks Research Has Positive Estimate for IRDM Q3 Earnings

Iridium Communications Inc (NASDAQ:IRDM) – Investment analysts at Zacks Research raised their Q3 2025 earnings per share estimates for Iridium Communications in a report released on Wednesday, August 13th. Zacks Research analyst Team now expects that the technology company will post earnings of $0.25 per share for the quarter, up from their previous forecast of $0.24. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications’ Q4 2025 earnings at $0.24 EPS, FY2025 earnings at $0.96 EPS, Q3 2026 earnings at $0.31 EPS, Q4 2026 earnings at $0.33 EPS, FY2026 earnings at $1.15 EPS and FY2027 earnings at $1.56 EPS.

Iridium Communications (NASDAQ:IRDM) last announced its earnings results on Thursday, July 24th. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.03). Iridium Communications had a return on equity of 20.28% and a net margin of 13.20%. The firm had revenue of $216.91 million for the quarter, compared to the consensus estimate of $214.73 million. During the same period in the previous year, the firm earned $0.27 EPS. Iridium Communications’s revenue for the quarter was up 7.9% on a year-over-year basis.

Several other equities research analysts have also recently commented on the company. Wall Street Zen cut Iridium Communications from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Morgan Stanley dropped their target price on Iridium Communications from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. Oppenheimer initiated coverage on shares of Iridium Communications in a report on Monday, May 5th. They set an “outperform” rating and a $34.00 target price for the company. Raymond James Financial restated a “strong-buy” rating and set a $39.00 target price (down from $47.00) on shares of Iridium Communications in a report on Friday, July 25th. Finally, BWS Financial reduced their target price on shares of Iridium Communications from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

Iridium Communications Price Performance

Shares of NASDAQ:IRDM opened at $25.01 on Friday. Iridium Communications has a 12 month low of $19.91 and a 12 month high of $35.85. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 0.91 and a beta of 0.76. The stock’s 50 day moving average price is $28.47 and its 200 day moving average price is $27.53. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.51 and a quick ratio of 1.75.

Hedge Funds Weigh In On Iridium Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Iridium Communications by 105.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,091 shares of the technology company’s stock worth $425,000 after purchasing an additional 7,243 shares during the period. Two Sigma Securities LLC acquired a new position in Iridium Communications in the 2nd quarter worth approximately $508,000. Select Equity Group L.P. boosted its stake in Iridium Communications by 12.9% in the 2nd quarter. Select Equity Group L.P. now owns 1,001,350 shares of the technology company’s stock worth $30,211,000 after purchasing an additional 114,182 shares during the period. Silver Heights Capital Management Inc boosted its stake in Iridium Communications by 13.5% in the 2nd quarter. Silver Heights Capital Management Inc now owns 4,228,263 shares of the technology company’s stock worth $127,567,000 after purchasing an additional 501,400 shares during the period. Finally, Man Group plc boosted its stake in Iridium Communications by 120.9% in the 2nd quarter. Man Group plc now owns 616,592 shares of the technology company’s stock worth $18,603,000 after purchasing an additional 337,470 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.

Iridium Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, September 15th. This is a positive change from Iridium Communications’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Iridium Communications’s payout ratio is 60.61%.

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.