Brokerages Expect Intelsat SA (I) to Post -$0.95 Earnings Per Share

Wall Street brokerages predict that Intelsat SA (NYSE:I) will announce ($0.95) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Intelsat’s earnings. Intelsat posted earnings of ($0.38) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 150%. The business is expected to announce its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Intelsat will report full year earnings of ($2.56) per share for the current year, with EPS estimates ranging from ($3.74) to ($0.43). For the next year, analysts expect that the firm will report earnings of ($4.03) per share, with EPS estimates ranging from ($6.49) to ($2.78). Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Intelsat.

Intelsat (NYSE:I) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.87) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.26). The firm had revenue of $528.40 million for the quarter, compared to analysts’ expectations of $523.74 million. During the same quarter last year, the firm posted ($0.56) EPS. The firm’s revenue was down 2.8% on a year-over-year basis.

A number of brokerages recently weighed in on I. Zacks Investment Research downgraded shares of Intelsat from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 price target (down from $28.00) on shares of Intelsat in a research report on Monday, March 18th. Evercore ISI assumed coverage on shares of Intelsat in a research report on Monday, February 25th. They set an “outperform” rating and a $50.00 price objective on the stock. Raymond James upgraded shares of Intelsat from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 6th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upgraded shares of Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Intelsat presently has an average rating of “Hold” and a consensus price target of $29.71.

Intelsat stock traded down $0.23 during midday trading on Monday, reaching $21.01. 1,184,726 shares of the company traded hands, compared to its average volume of 2,148,457. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -9.02 and a beta of 1.38. Intelsat has a 12 month low of $13.73 and a 12 month high of $37.70.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Intelsat by 48.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,899,003 shares of the technology company’s stock worth $146,970,000 after buying an additional 1,607,665 shares during the last quarter. Norges Bank purchased a new stake in Intelsat during the 4th quarter worth approximately $33,155,000. Centerbridge Partners L.P. grew its position in Intelsat by 3,504.2% during the 4th quarter. Centerbridge Partners L.P. now owns 857,800 shares of the technology company’s stock worth $18,349,000 after purchasing an additional 834,000 shares during the last quarter. Morgan Stanley grew its position in Intelsat by 234.6% during the 3rd quarter. Morgan Stanley now owns 1,087,211 shares of the technology company’s stock worth $32,616,000 after purchasing an additional 762,234 shares during the last quarter. Finally, Key Square Capital Management LLC purchased a new stake in Intelsat during the 1st quarter worth approximately $10,380,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Intelsat Company Profile

Intelsat SA, together with its subsidiaries, provides satellite communications services worldwide. The company offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and Internet service providers; and commercial satellite communication services to the U.S.

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