Zacks Research Issues Pessimistic Forecast for IRDM Earnings

Iridium Communications Inc (NASDAQ:IRDM) – Analysts at Zacks Research cut their Q4 2025 earnings per share estimates for shares of Iridium Communications in a research note issued on Wednesday, November 12th. Zacks Research analyst Team now anticipates that the technology company will earn $0.21 per share for the quarter, down from their previous estimate of $0.24. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications’ Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.30 EPS, FY2026 earnings at $1.09 EPS, Q3 2027 earnings at $0.35 EPS and FY2027 earnings at $1.37 EPS.

IRDM has been the topic of several other reports. Morgan Stanley reduced their target price on Iridium Communications from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. Raymond James Financial downgraded Iridium Communications from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $39.00 to $26.00 in a research report on Thursday, September 11th. Weiss Ratings downgraded Iridium Communications from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Barclays cut their price objective on shares of Iridium Communications from $31.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 1st. Finally, BWS Financial reiterated a “sell” rating and set a $16.00 price target on shares of Iridium Communications in a report on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.67.

Iridium Communications Price Performance

IRDM stock traded up $0.07 during trading on Friday, reaching $16.76. The company’s stock had a trading volume of 290,007 shares, compared to its average volume of 1,844,215. The company’s fifty day moving average is $18.37 and its 200-day moving average is $24.00. Iridium Communications has a 1 year low of $16.28 and a 1 year high of $34.45. The company has a market capitalization of $1.76 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.09 and a beta of 0.72. The company has a quick ratio of 1.93, a current ratio of 2.67 and a debt-to-equity ratio of 4.02.

Iridium Communications (NASDAQ:IRDM) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. The firm had revenue of $226.94 million for the quarter, compared to the consensus estimate of $222.13 million. Iridium Communications had a net margin of 14.44% and a return on equity of 24.93%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS.

Insider Activity at Iridium Communications

In other news, Director Thomas Fitzpatrick sold 20,839 shares of Iridium Communications stock in a transaction on Friday, October 31st. The stock was sold at an average price of $18.00, for a total value of $375,102.00. Following the completion of the sale, the director directly owned 231,034 shares of the company’s stock, valued at approximately $4,158,612. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert H. Niehaus acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were bought at an average cost of $17.49 per share, for a total transaction of $524,700.00. Following the transaction, the director directly owned 297,363 shares of the company’s stock, valued at approximately $5,200,878.87. This trade represents a 11.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 30,967 shares of company stock worth $557,406. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Iridium Communications

Several hedge funds have recently made changes to their positions in IRDM. SVB Wealth LLC purchased a new stake in shares of Iridium Communications during the first quarter valued at approximately $30,000. Hantz Financial Services Inc. increased its stake in Iridium Communications by 184.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,506 shares of the technology company’s stock worth $26,000 after buying an additional 977 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Iridium Communications by 37.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,757 shares of the technology company’s stock worth $48,000 after buying an additional 476 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Iridium Communications during the second quarter valued at about $70,000. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of Iridium Communications during the second quarter worth about $76,000. Institutional investors and hedge funds own 84.36% of the company’s stock.

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.