Zacks Research Analysts Increase Earnings Estimates for IRDM

Iridium Communications Inc (NASDAQ:IRDM) – Stock analysts at Zacks Research increased their Q3 2026 earnings per share estimates for shares of Iridium Communications in a research note issued on Monday, August 10th. Zacks Research analyst Team now forecasts that the technology company will earn $0.26 per share for the quarter, up from their previous estimate of $0.24. The consensus estimate for Iridium Communications’ current full-year earnings is $0.95 per share. Zacks Research also issued estimates for Iridium Communications’ Q4 2026 earnings at $0.26 EPS, Q3 2027 earnings at $0.30 EPS, Q4 2027 earnings at $0.31 EPS, FY2027 earnings at $1.13 EPS, Q1 2028 earnings at $0.35 EPS, Q2 2028 earnings at $0.30 EPS and FY2028 earnings at $1.32 EPS.

Iridium Communications (NASDAQ:IRDM) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Iridium Communications had a net margin of 10.55% and a return on equity of 22.57%. The business had revenue of $225.24 million for the quarter, compared to the consensus estimate of $220.32 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year.

A number of other analysts have also commented on IRDM. BWS Financial reiterated a “sell” rating and issued a $16.00 price target on shares of Iridium Communications in a research note on Monday, April 27th. William Blair lowered shares of Iridium Communications from an “outperform” rating to a “hold” rating in a research note on Monday, June 29th. Raymond James Financial reissued a “market perform” rating on shares of Iridium Communications in a report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Finally, Oppenheimer boosted their price target on Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Iridium Communications presently has a consensus rating of “Hold” and a consensus price target of $38.67.

Iridium Communications Price Performance

Shares of NASDAQ:IRDM opened at $49.32 on Tuesday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.31 and a current ratio of 2.78. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 56.05, a price-to-earnings-growth ratio of 4.04 and a beta of 0.88. The business has a 50-day simple moving average of $47.94 and a two-hundred day simple moving average of $37.21. Iridium Communications has a fifty-two week low of $15.65 and a fifty-two week high of $57.18.

Iridium Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Iridium Communications’s dividend payout ratio (DPR) is currently 68.18%.

Hedge Funds Weigh In On Iridium Communications

A number of hedge funds have recently made changes to their positions in IRDM. Vise Technologies Inc. purchased a new stake in Iridium Communications during the 2nd quarter valued at approximately $277,000. West Family Investments Inc. bought a new position in shares of Iridium Communications during the second quarter worth $232,000. Empirical Asset Management LLC purchased a new position in Iridium Communications during the second quarter valued at $249,000. Citizens Financial Group Inc. RI bought a new stake in Iridium Communications in the 2nd quarter valued at $532,000. Finally, BlackRock Inc. purchased a new stake in Iridium Communications in the 2nd quarter worth $737,587,000. 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.