Iridium Communications (IRDM) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRDM shares.
View IRDM analyst ratings or view top-rated stocks.

6 brokerages have issued 12-month target prices for Iridium Communications' stock. Their IRDM share price targets range from $53.00 to $75.00. On average, they anticipate the company's stock price to reach $64.40 in the next year. This suggests a possible upside of 56.5% 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 $51.40 at the start of the year. Since then, IRDM stock has decreased by 19.9% and is now trading at $41.16.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our IRDM earnings forecast.

Iridium Communications Inc. (NASDAQ:IRDM) issued its quarterly earnings data on Thursday, October, 19th. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.04. The technology company had revenue of $197.60 million for the quarter, compared to the consensus estimate of $200.09 million. Iridium Communications had a negative net margin of 2.96% and a negative trailing twelve-month return on equity of 2.26%. The business's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share.

Iridium Communications declared a quarterly dividend on Monday, December 4th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.13 per share on Friday, December 29th. This represents a $0.52 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, December 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 1.26%.
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), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), SPDR S&P Kensho Final Frontiers ETF (ROKT), SPDR S&P Telecom ETF (XTL) and iShares U.S. Telecommunications ETF (IYZ).

Iridium Communications declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 27th 2023, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management 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).

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.
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