Iridium Communications (IRDM) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IRDM shares.
View IRDM analyst ratings or view top-rated stocks.

6 brokers have issued twelve-month price objectives for Iridium Communications' shares. Their IRDM share price targets range from $30.00 to $72.00. On average, they anticipate the company's stock price to reach $49.80 in the next twelve months. This suggests a possible upside of 91.1% from the stock's current price.
View analysts price targets for IRDM or view top-rated stocks among Wall Street analysts.

Iridium Communications' stock was trading at $41.16 at the start of the year. Since then, IRDM shares have decreased by 36.7% and is now trading at $26.06.
View the best growth stocks for 2024 here.

Iridium Communications saw a increase in short interest in March. As of March 31st, there was short interest totaling 3,590,000 shares, an increase of 5.6% from the March 15th total of 3,400,000 shares. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is presently 3.2 days. Approximately 3.3% of the shares of the stock are short sold.
View Iridium Communications' Short Interest.

Iridium Communications Inc. (NASDAQ:IRDM) announced its earnings results on Thursday, April, 18th. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The technology company earned $203.80 million during the quarter, compared to analyst estimates of $193.84 million. Iridium Communications had a net margin of 1.95% and a trailing twelve-month return on equity of 1.58%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 earnings per share.

Iridium Communications announced a quarterly dividend on Friday, February 2nd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.13 per share on Friday, March 29th. This represents a $0.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for IRDM.

Iridium Communications (NASDAQ:IRDM) pays an annual dividend of $0.52 per share and currently has a dividend yield of 2.10%. The dividend payout ratio is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IRDM will have a dividend payout ratio of 70.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRDM.

ETFs with the largest weight of Iridium Communications (NASDAQ:IRDM) stock in their portfolio include ARK Space Exploration & Innovation ETF (ARKX), ARK Autonomous Technology & Robotics ETF (ARKQ), Procure Space ETF (UFO), Pacer Data & Infrastructure Real Estate ETF (SRVR), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), SPDR S&P Telecom ETF (XTL) and iShares U.S. Telecommunications ETF (IYZ).

Iridium Communications declared that its Board of Directors has approved a stock repurchase program on Thursday, July 27th 2023, which permits the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.

48 employees have rated Iridium Communications Chief Executive Officer Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Iridium Communications investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Verizon Communications (VZ), Block (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Boeing (BA).

Iridium Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cullen Investment Group LTD. (0.03%), State of Michigan Retirement System (0.02%), Oak Thistle LLC (0.02%) and Counterpoint Mutual Funds LLC (0.01%). Insiders that own company stock include A B Krongard, Barry West, Bryan J Hartin, Henrik O Schliemann, Kathleen A Morgan, Leon Anthony Frazier, Matthew J Desch, Parker William Rush, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Suzanne E Mcbride, Thomas C Canfield, Thomas Fitzpatrick and Timothy Kapalka.
View institutional ownership trends.

Shares of IRDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.