FY2026 Earnings Estimate for Iridium Communications Inc. (NASDAQ:IRDM) Issued By Zacks Research

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

Iridium Communications (NASDAQ:IRDM) last posted 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. The firm had revenue of $201.07 million during the quarter, compared to the consensus estimate of $204.01 million. Iridium Communications had a return on equity of 10.23% and a net margin of 11.08%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.24) EPS.

IRDM has been the subject of a number of other reports. BWS Financial reissued a “neutral” rating and set a $30.00 target price on shares of Iridium Communications in a research note on Wednesday, July 24th. Barclays increased their price objective on Iridium Communications from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Iridium Communications currently has an average rating of “Moderate Buy” and an average target price of $45.00.

Iridium Communications Price Performance

Shares of NASDAQ IRDM opened at $26.97 on Thursday. The stock has a fifty day moving average price of $26.84 and a 200 day moving average price of $27.54. Iridium Communications has a 1-year low of $24.14 and a 1-year high of $51.62. 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 has a market cap of $3.19 billion, a PE ratio of 128.43 and a beta of 0.64.

Hedge Funds Weigh In On Iridium Communications

A number of hedge funds have recently made changes to their positions in IRDM. Victory Capital Management Inc. increased its position in shares of Iridium Communications by 17.2% in the fourth quarter. Victory Capital Management Inc. now owns 24,787 shares of the technology company’s stock worth $1,020,000 after acquiring an additional 3,638 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Iridium Communications by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,266,812 shares of the technology company’s stock valued at $52,142,000 after purchasing an additional 24,242 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Iridium Communications by 250.1% during the fourth quarter. BNP Paribas Financial Markets now owns 122,906 shares of the technology company’s stock worth $5,059,000 after purchasing an additional 87,802 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Iridium Communications by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 492,181 shares of the technology company’s stock worth $20,258,000 after buying an additional 2,478 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Iridium Communications by 65.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,225 shares of the technology company’s stock valued at $1,776,000 after buying an additional 17,909 shares in the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.

Iridium Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.08%. The ex-dividend date is Friday, September 13th. Iridium Communications’s dividend payout ratio (DPR) is 266.67%.

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.