Iridium Communications (IRDM) Projected to Post Quarterly Earnings on Tuesday

Iridium Communications (NASDAQ:IRDM) is expected to be posting its quarterly earnings results before the market opens on Tuesday, April 22nd. Analysts expect Iridium Communications to post earnings of $0.24 per share and revenue of $211.78 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Iridium Communications (NASDAQ:IRDM) last released its earnings results on Thursday, February 13th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.16. The company had revenue of $212.99 million during the quarter, compared to analyst estimates of $203.78 million. Iridium Communications had a return on equity of 15.66% and a net margin of 13.58%. On average, analysts expect Iridium Communications to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Iridium Communications Trading Down 0.3 %

Shares of IRDM stock opened at $23.77 on Friday. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.73 and a quick ratio of 1.25. The business has a 50-day moving average of $28.06 and a 200 day moving average of $28.93. The stock has a market capitalization of $2.58 billion, a PE ratio of 25.02, a P/E/G ratio of 1.28 and a beta of 0.66. Iridium Communications has a 1-year low of $22.18 and a 1-year high of $35.85.

Iridium Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, March 17th. Iridium Communications’s dividend payout ratio (DPR) is presently 58.95%.

Wall Street Analyst Weigh In

A number of research firms recently commented on IRDM. StockNews.com upgraded shares of Iridium Communications from a “hold” rating to a “buy” rating in a report on Sunday, April 6th. Barclays reduced their price target on Iridium Communications from $45.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Cantor Fitzgerald initiated coverage on Iridium Communications in a report on Friday, January 24th. They issued an “overweight” rating and a $40.00 price objective for the company.

About Iridium Communications

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.