Iridium Communications (NASDAQ:IRDM) Issues Earnings Results

Iridium Communications (NASDAQ:IRDM) announced its quarterly earnings results on Thursday. The technology company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24, Briefing.com reports. Iridium Communications had a return on equity of 24.93% and a net margin of 14.44%.The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share.

Here are the key takeaways from Iridium Communications’ conference call:

• Iridium met its 2025 guidance with service revenue on target, OIBDA up 5% for the year and pro forma free cash flow of about $296M, supporting a growing dividend and continued cash returns to shareholders.
• For 2026 management guides service revenue flat to +2% and lowered OIBDA to $480–$490M after a one-year shift to paying annual incentive compensation fully in cash (a $17M OIBDA headwind), while broadband ARPU pressure from primary-to-companion migrations will depress growth.
• Iridium plans to roll out several new products—Iridium NTN Direct, a new PNT ASIC, Certus GMDSS companion terminals, and a new IoT device—which management says represent more than $200M of revenue opportunity by the end of the decade.
• Iridium is pushing its assured PNT business (Satelles acquisition) as a differentiated growth engine—claiming a PNT signal 1,000x stronger than GPS, an ASIC that gives ~5-year technological lead, and a target of at least $100M annual PNT revenue by 2030 plus potential identity/cybersecurity services.
• Management highlighted the increasing market value of L-/S‑band spectrum

Iridium Communications Price Performance

NASDAQ IRDM traded up $3.27 during trading on Thursday, reaching $21.73. The company’s stock had a trading volume of 4,007,736 shares, compared to its average volume of 2,308,570. The company has a debt-to-equity ratio of 4.02, a current ratio of 2.67 and a quick ratio of 1.93. The firm has a fifty day moving average of $18.79 and a 200 day moving average of $19.58. The stock has a market capitalization of $2.28 billion, a PE ratio of 19.32, a P/E/G ratio of 1.23 and a beta of 0.61. Iridium Communications has a one year low of $15.65 and a one year high of $34.45.

Iridium Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.8%. Iridium Communications’s dividend payout ratio is presently 53.10%.

Analysts Set New Price Targets

Several research firms recently commented on IRDM. BWS Financial reiterated a “sell” rating and set a $16.00 target price on shares of Iridium Communications in a research report on Friday, October 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Iridium Communications in a report on Thursday, January 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $24.00 price target (down previously from $37.00) on shares of Iridium Communications in a research report on Friday, January 16th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.00.

Institutional Investors Weigh In On Iridium Communications

A number of hedge funds and other institutional investors have recently modified their holdings of IRDM. Larson Financial Group LLC lifted its stake in Iridium Communications by 392.8% in the third quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,202 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in Iridium Communications in the third quarter worth $32,000. Advisory Services Network LLC bought a new position in Iridium Communications in the third quarter worth $48,000. Steward Partners Investment Advisory LLC lifted its position in Iridium Communications by 62.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,052 shares of the technology company’s stock valued at $53,000 after buying an additional 1,173 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Iridium Communications by 64.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,568 shares of the technology company’s stock valued at $79,000 after buying an additional 1,787 shares in the last quarter. Institutional investors own 84.36% of the company’s stock.

About Iridium Communications

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.

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