Equities Analysts Offer Predictions for Iridium Communications Inc.’s FY2026 Earnings (NASDAQ:IRDM)

Iridium Communications Inc. (NASDAQ:IRDM) – Equities researchers at Zacks Research upped their FY2026 earnings estimates for Iridium Communications in a note issued to investors on Wednesday, September 11th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings of $0.93 per share 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.

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

A number of other research analysts have also commented on the stock. Barclays boosted their price target on shares of Iridium Communications from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. BWS Financial reaffirmed a “neutral” rating and issued a $30.00 target price on shares of Iridium Communications in a research note 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Iridium Communications Stock Up 2.0 %

IRDM stock opened at $27.10 on Thursday. The stock has a 50-day simple moving average of $26.84 and a two-hundred day simple moving average of $27.56. Iridium Communications has a twelve month low of $24.14 and a twelve month high of $51.62. The firm has a market capitalization of $3.29 billion, a PE ratio of 129.05 and a beta of 0.64. The company has a quick ratio of 1.52, a current ratio of 2.25 and a debt-to-equity ratio of 2.08.

Iridium Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.07%. Iridium Communications’s dividend payout ratio is currently 266.67%.

Hedge Funds Weigh In On Iridium Communications

A number of hedge funds have recently modified their holdings of IRDM. Allspring Global Investments Holdings LLC grew its position in shares of Iridium Communications by 7,684.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,012 shares of the technology company’s stock worth $27,000 after buying an additional 999 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Iridium Communications during the 1st quarter valued at about $29,000. Mather Group LLC. purchased a new position in shares of Iridium Communications during the second quarter valued at about $32,000. Blue Trust Inc. raised its stake in Iridium Communications by 109.7% in the second quarter. Blue Trust Inc. now owns 1,491 shares of the technology company’s stock worth $39,000 after buying an additional 780 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Iridium Communications in the second quarter worth about $45,000. Hedge funds and other institutional investors own 84.36% of the company’s stock.

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.