Equities analysts expect Intelsat SA (NYSE:I) to announce sales of $537.48 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Intelsat’s earnings. The lowest sales estimate is $524.96 million and the highest is $550.00 million. Intelsat posted sales of $538.14 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.1%. The company is expected to issue its next quarterly earnings report on Monday, February 25th.
On average, analysts expect that Intelsat will report full-year sales of $2.13 billion for the current financial year, with estimates ranging from $2.07 billion to $2.16 billion. For the next year, analysts expect that the company will post sales of $2.14 billion, with estimates ranging from $2.04 billion to $2.20 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Intelsat.
Intelsat (NYSE:I) last released its quarterly earnings data on Tuesday, October 30th. The technology company reported ($1.95) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($1.63). The business had revenue of $537.00 million for the quarter, compared to the consensus estimate of $531.97 million. The company’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted ($0.26) EPS.
I has been the subject of several analyst reports. Goldman Sachs Group reissued a “neutral” rating and issued a $31.00 price target on shares of Intelsat in a research note on Monday, October 22nd. Morgan Stanley raised shares of Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 price target for the company in a research note on Monday, November 12th. Jefferies Financial Group reissued a “buy” rating on shares of Intelsat in a research note on Tuesday, October 9th. Finally, Zacks Investment Research raised shares of Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.80.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Intelsat in the 2nd quarter valued at approximately $102,000. Girard Partners LTD. purchased a new position in Intelsat in the 3rd quarter valued at approximately $120,000. SG Americas Securities LLC purchased a new position in Intelsat in the 2nd quarter valued at approximately $122,000. Macquarie Group Ltd. purchased a new position in Intelsat in the 2nd quarter valued at approximately $148,000. Finally, Cerebellum GP LLC purchased a new position in Intelsat in the 3rd quarter valued at approximately $190,000. 49.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Intelsat stock traded down $1.70 during mid-day trading on Wednesday, hitting $21.57. The stock had a trading volume of 2,577,464 shares, compared to its average volume of 2,596,942. Intelsat has a 12-month low of $2.44 and a 12-month high of $37.70. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -12.69 and a beta of 1.30.
Intelsat Company Profile
Intelsat SA, through its subsidiaries, provides satellite communications services worldwide. The company offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and Internet service providers; and commercial satellite communication services to the U.S.
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