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Iridium Communications Inc (IRDM)
NASDAQ:IRDM
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IRDM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.14 - $41.64
Previous Close$29.21
Volume2.79M
Average Volume (3M)1.11M
Market Cap
$3.36B
Enterprise Value$4.99B
Total Cash (Recent Filing)$159.59M
Total Debt (Recent Filing)$1.79B
Price to Earnings (P/E)31.3
Beta0.61
Next Earnings
Feb 13, 2025EPS Estimate
$0.16Last Dividend Ex-Date
Dec 16, 2024Dividend Yield1.76%
Share Statistics
EPS (TTM)0.94
Shares Outstanding113,847,782
10 Day Avg. Volume1,917,766
30 Day Avg. Volume1,105,477
Standard Deviation0.11
R-Squared0.10
Alpha0.00220
Financial Highlights & Ratios
Price to Book (P/B)5.01
Price to Sales (P/S)4.09
Price to Cash Flow (P/CF)7.00
P/FCF Ratio7.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.15
Enterprise Value/Gross Profit8.83
Enterprise Value/Ebitda11.88
Forecast
1Y Price Target
$37.67Price Target Upside28.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Iridium Communications News
Bulls Say, Bears Say
Bulls Say
Capital ReturnThe Board authorized an incremental ~$500mn of buybacks, indicating a commitment to returning capital to shareholders.
EarningsReported third quarter revenue of $212.8 million compared to forecast of $208.4 million.
Market PositionIRDM is seen with strong positions in key markets and an attractive capital return story.
Bears Say
Accounting ChangesMoved to the sidelines due to accounting changes and the pace of stock buyback continuing.
Commercial Broadband RevenueCommercial broadband revenues declined 4% yoy in 2Q24, consistent with management expectations for broadband declines this year.
IOT Subscriber GrowthThe change in subscriber count would not impact IRDM’s revenue due to contract pricing but could create negative headwind as IRDM would need to highlight the reason for the slowdown in IOT subscriber growth each time it reports results.
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Ownership Overview
2.82% Insiders
27.45% Mutual Funds
31.11% Other Institutional Investors
9.72% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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IRDM FAQ
What was Iridium Communications Inc’s price range in the past 12 months?
Iridium Communications Inc lowest stock price was $24.14 and its highest was $41.63 in the past 12 months.
What is Iridium Communications Inc’s market cap?
Currently, no data Available
When is Iridium Communications Inc’s upcoming earnings report date?
Iridium Communications Inc’s upcoming earnings report date is Feb 13, 2025 which is in 53 days.
How were Iridium Communications Inc’s earnings last quarter?
Iridium Communications Inc released its earnings results on Oct 17, 2024. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.203 by $0.007.
Is Iridium Communications Inc overvalued?
According to Wall Street analysts Iridium Communications Inc’s price is currently Undervalued.
Does Iridium Communications Inc pay dividends?
Iridium Communications Inc pays a Quarterly dividend of $0.14 which represents an annual dividend yield of 1.76%. See more information on Iridium Communications Inc dividends here
What is Iridium Communications Inc’s EPS estimate?
Iridium Communications Inc’s EPS estimate is $0.16.
How many shares outstanding does Iridium Communications Inc have?
Iridium Communications Inc has 113,847,780 shares outstanding.
What happened to Iridium Communications Inc’s price movement after its last earnings report?
Iridium Communications Inc reported an EPS of $0.21 in its last earnings report, beating expectations of $0.203. Following the earnings report the stock price went up 11.144%.
Which hedge fund is a major shareholder of Iridium Communications Inc?
Among the largest hedge funds holding Iridium Communications Inc’s share is ARK Investment Management LLC. It holds Iridium Communications Inc’s shares valued at 72M.
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Iridium Communications Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$37.67 (28.96% Upside)
$37.67 (28.96% Upside)
Blogger Sentiment
Bullish
IRDM Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 6.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days <0.1%
Last 30 Days ▲ 12.5%
Last 30 Days ▲ 12.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-24.61%
12-Months-Change
Fundamentals
Return on Equity
14.41%
Trailing 12-Months
Asset Growth
1.68%
Trailing 12-Months
Company Description
Iridium Communications Inc
Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company's principal lines of business include Land Mobile, Maritime, Aviation, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Government business line involves in the provision of mobile satellite communications services to the U.S. government, principally the Department of Defense. Its voice products are used for a variety of primary and backup communications solutions, including tactical operations, logistical, administrative, morale and welfare, and emergency communications. The firm's commercial services include: Postpaid Mobile Voice and Data Satellite Communications, Prepaid Mobile Voice Satellite Communications, Iridium PTT, Broadband Data, and Machine-to-Machine services. Iridium Communications was founded on November 2, 2007 and is headquartered in McLean, VA.
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IRDM Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
Iridium reported strong revenue growth and operational performance, enhanced by strategic product launches and expanded shareholder returns. However, challenges in IoT subscriber growth and broadband subscriber adjustments were noted. The sentiment is largely positive due to the financial achievements and strategic advancements.Read More>---
IRDM Revenue Breakdown
60.51% Commercial service revenue
13.41% Government service revenue
13.30% Subscriber equipment
12.79% Engineering and support services
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IRDM Stock 12 Month Forecast
Average Price Target
$37.67
▲(28.96% Upside)
Technical Analysis
Best Analysts Covering IRDM
1 Year
1 Year Success Rate
11/17 ratings generated profit
1 Year Average Return
+16.75%
reiterated a buy rating 2 months ago
Copying Mathieu Robilliard's trades and holding each position for 1 Year would result in 64.71% of your transactions generating a profit, with an average return of +16.75% per trade.
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