William Blair Issues Negative Estimate for IRDM Earnings

Iridium Communications Inc. (NASDAQ:IRDM) – William Blair cut their Q2 2025 earnings per share estimates for Iridium Communications in a report issued on Wednesday, April 23rd. William Blair analyst L. Dipalma now expects that the technology company will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.22. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. William Blair also issued estimates for Iridium Communications’ Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.28 EPS, FY2025 earnings at $1.01 EPS and FY2026 earnings at $1.11 EPS.

Iridium Communications (NASDAQ:IRDM) last posted its quarterly earnings data on Tuesday, April 22nd. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $214.88 million for the quarter, compared to the consensus estimate of $211.78 million. Iridium Communications had a net margin of 13.58% and a return on equity of 15.66%. During the same period last year, the company earned $0.17 earnings per share.

IRDM has been the subject of several other research reports. Cantor Fitzgerald began 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. Barclays decreased their price objective on shares of Iridium Communications from $45.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. StockNews.com cut shares of Iridium Communications from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BWS Financial reduced their price target on Iridium Communications from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Iridium Communications presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

Iridium Communications Stock Performance

IRDM opened at $23.04 on Thursday. The business’s 50-day simple moving average is $27.38 and its 200 day simple moving average is $28.72. Iridium Communications has a 52-week low of $19.91 and a 52-week high of $35.85. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.25 and a current ratio of 1.73. The firm has a market capitalization of $2.51 billion, a PE ratio of 24.25, a PEG ratio of 1.28 and a beta of 0.66.

Hedge Funds Weigh In On Iridium Communications

Several institutional investors and hedge funds have recently made changes to their positions in IRDM. Barclays PLC grew its holdings in Iridium Communications by 19.2% in the 3rd quarter. Barclays PLC now owns 856,901 shares of the technology company’s stock valued at $26,093,000 after buying an additional 137,924 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Iridium Communications by 18.0% in the third quarter. Franklin Resources Inc. now owns 143,049 shares of the technology company’s stock valued at $4,296,000 after acquiring an additional 21,857 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Iridium Communications by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 3,473 shares of the technology company’s stock valued at $101,000 after acquiring an additional 1,074 shares in the last quarter. Nordea Investment Management AB increased its position in Iridium Communications by 30.2% during the fourth quarter. Nordea Investment Management AB now owns 248,602 shares of the technology company’s stock worth $7,264,000 after acquiring an additional 57,690 shares during the period. Finally, Ballentine Partners LLC raised its stake in Iridium Communications by 6.8% in the 4th quarter. Ballentine Partners LLC now owns 11,731 shares of the technology company’s stock worth $340,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.

Iridium Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.14 per share. The ex-dividend date was Monday, March 17th. This represents a $0.56 annualized dividend and a yield of 2.43%. Iridium Communications’s dividend payout ratio (DPR) is presently 58.95%.

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.