Zacks Research Weighs in on Iridium Communications Inc.’s FY2026 Earnings (NASDAQ:IRDM)

Iridium Communications Inc. (NASDAQ:IRDM) – Equities research analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for Iridium Communications in a report released on Wednesday, September 11th. Zacks Research analyst R. Department now expects that the technology company will post earnings per share of $0.93 for the year, up from their previous forecast of $0.92. The consensus estimate for Iridium Communications’ current full-year earnings is $0.81 per share.

IRDM has been the subject of several other research reports. BWS Financial reiterated a “neutral” rating and set a $30.00 target price on shares of Iridium Communications in a research report on Wednesday, July 24th. Barclays lifted 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. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Iridium Communications currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Iridium Communications Trading Down 3.2 %

Shares of NASDAQ IRDM opened at $26.24 on Thursday. Iridium Communications has a fifty-two week low of $24.14 and a fifty-two week high of $51.62. The firm has a market capitalization of $3.19 billion, a P/E ratio of 124.95 and a beta of 0.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.25 and a quick ratio of 1.52. The company’s 50 day simple moving average is $26.83 and its 200 day simple moving average is $27.55.

Iridium Communications (NASDAQ:IRDM) last released its earnings results on Tuesday, July 23rd. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. Iridium Communications had a net margin of 11.08% and a return on equity of 10.23%. The company had revenue of $201.07 million for the quarter, compared to the consensus estimate of $204.01 million. During the same period in the prior year, the company posted ($0.24) EPS. The company’s revenue was up 4.1% compared to the same quarter last year.

Institutional Trading of Iridium Communications

Several hedge funds have recently added to or reduced their stakes in the business. Nikko Asset Management Americas Inc. lifted its stake in Iridium Communications by 44.9% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 1,743,482 shares of the technology company’s stock valued at $71,762,000 after buying an additional 539,909 shares in the last quarter. Silver Heights Capital Management Inc lifted its position in Iridium Communications by 8.8% in the 4th quarter. Silver Heights Capital Management Inc now owns 2,656,227 shares of the technology company’s stock valued at $109,330,000 after acquiring an additional 214,508 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Iridium Communications by 250.1% in the 4th quarter. BNP Paribas Financial Markets now owns 122,906 shares of the technology company’s stock valued at $5,059,000 after acquiring an additional 87,802 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Iridium Communications by 4.5% in the 4th quarter. Clearbridge Investments LLC now owns 2,266,706 shares of the technology company’s stock worth $93,298,000 after purchasing an additional 97,167 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in Iridium Communications during the 1st quarter worth about $913,000. Institutional investors and hedge funds own 84.36% of the company’s stock.

Iridium Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, September 13th. Iridium Communications’s dividend payout ratio (DPR) is 266.67%.

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.