What is Zacks Research’s Estimate for IRDM FY2026 Earnings?

Iridium Communications Inc (NASDAQ:IRDM) – Stock analysts at Zacks Research raised their FY2026 earnings estimates for shares of Iridium Communications in a research note issued on Monday, August 10th. Zacks Research analyst Team now expects that the technology company will earn $0.92 per share for the year, up from their prior estimate of $0.90. The consensus estimate for Iridium Communications’ current full-year earnings is $0.95 per share.

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

Other analysts have also issued research reports about the stock. Morgan Stanley raised their target price on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. New Street Research raised Iridium Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. Oppenheimer raised their price objective on Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Iridium Communications in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.67.

Iridium Communications Stock Performance

NASDAQ:IRDM opened at $49.38 on Wednesday. The firm has a 50 day simple moving average of $47.94 and a 200-day simple moving average of $37.42. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.78 and a quick ratio of 2.31. The firm has a market cap of $5.23 billion, a PE ratio of 56.11, a P/E/G ratio of 3.99 and a beta of 0.88. Iridium Communications has a 1-year low of $15.65 and a 1-year high of $57.18.

Iridium Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.60 annualized dividend and a yield of 1.2%. Iridium Communications’s dividend payout ratio is 68.18%.

Hedge Funds Weigh In On Iridium Communications

A number of large investors have recently bought and sold shares of IRDM. BlackRock Inc. acquired a new stake in shares of Iridium Communications during the 2nd quarter worth $737,587,000. Millennium Management LLC boosted its holdings in Iridium Communications by 265.8% in the third quarter. Millennium Management LLC now owns 3,039,731 shares of the technology company’s stock valued at $53,074,000 after acquiring an additional 2,208,857 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in Iridium Communications by 651.1% in the fourth quarter. Gotham Asset Management LLC now owns 2,309,750 shares of the technology company’s stock valued at $40,143,000 after acquiring an additional 2,002,232 shares during the last quarter. Man Group plc grew its position in Iridium Communications by 226.3% during the third quarter. Man Group plc now owns 2,012,077 shares of the technology company’s stock valued at $35,131,000 after acquiring an additional 1,395,485 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Iridium Communications during the second quarter valued at about $62,751,000. Hedge funds and other institutional investors own 84.36% of the company’s stock.

More Iridium Communications News

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Iridium announced amended bylaws and declared a cash dividend following its August 10 board meeting. The dividend provides a shareholder-return catalyst, although the announcement did not specify the payment amount or date. Iridium Communications Updates Bylaws and Declares Cash Dividend
• Positive Sentiment: Zacks Research raised its EPS forecasts for the third and fourth quarters of 2026 to $0.26 from $0.24, lifted its FY2027 estimate to $1.13 from $1.08, and increased its Q3 2027 estimate to $0.30 from $0.28. These revisions suggest improving expectations for near- and medium-term profitability.
• Positive Sentiment: Iridium was highlighted as one of the satellite-communications stocks helping drive the space economy, alongside EchoStar and Sirius XM. The company’s strong performance among the Procure Space ETF’s holdings may support investor interest in IRDM. 3 Satellite Communications Stocks Powering UFO
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the data includes an invalid “NaN” percentage change, it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Zacks lowered its Q1 2028 EPS estimate to $0.35 from $0.36, Q2 2028 to $0.30 from $0.35, and FY2028 to $1.32 from $1.52. The longer-term reductions point to more cautious expectations for future earnings growth.

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.