Iridium Communications/IRDM

$28.11

2.59%
-
1D1W1MYTD1YMAX

About Iridium Communications

Iridium Communications Inc. is a commercial provider of communications services. The Company is engaged in providing mobile voice and data communications services using a constellation of orbiting satellites. It provides voice and data communications services to businesses, the United States and foreign governments, non-governmental organizations, and consumers via its satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure. It utilizes an interlinked mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites. It serves market, such as emergency services, maritime, aviation, government, utilities, oil and gas, mining, recreation, forestry, heavy equipment, construction, railways and other transportation. Its products include Satellite Handsets and Iridium GO!, Broadband Data Devices, Voice and Data Modems and Internet of Things Data Devices.

Ticker

IRDM

Sector

Technology

Trading on

NASDAQ

Industry

Communications Services

CEO

Matthew Desch

Employees

760

Headquarters

Mclean, United States

IRDM Metrics

BasicAdvanced
$3.34B
Market cap
141.90
P/E ratio
$0.19
EPS
0.81
Beta
$0.52
Dividend rate
1.9%
Dividend yield
$3.34B
0.80734
$68.34
$24.14
1.21M
$0.52
3.334
2.516
185.959
187.863
259.68%
24.29
1.18%
1.13%
2.61%
1.18%
141.895
4.226
3.904
4.104
17.755
1.9%
1.9%
4.12%
59.11%
10.66%

What the Analysts think about IRDM

Analyst Ratings

Majority rating from 6 analysts.
Buy

Price Targets

Average projection from 5 analysts.
40.16% upside
High $50.00
Low $30.00
$28.11
Current price
$39.40
Average price target

IRDM Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
9.61% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$203.8M
4.67%
Net income
$19.6M
-48.42%
Profit margin
9.61%
-50.74%

IRDM Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 5.12%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
-$0.24
-$0.01
$0.29
$0.16
-
Expected
$0.04
$0.03
$0.03
$0.15
$0.18
Surprise
-759.34%
-135.71%
811.95%
5.12%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Iridium Communications stock?

Iridium Communications (IRDM) has a market cap of $3.34B as of April 23, 2024.

What is the P/E ratio for Iridium Communications stock?

The price to earnings (P/E) ratio for Iridium Communications (IRDM) stock is 141.9 as of April 23, 2024.

Does Iridium Communications stock pay dividends?

Yes, the Iridium Communications (IRDM) stock pays dividends to shareholders. As of April 23, 2024, the dividend rate is $0.52 and the yield is 1.9%. Iridium Communications has a payout ratio of 259.68% on a trailing twelve-month basis.

When is the next Iridium Communications dividend payment date?

The next Iridium Communications (IRDM) dividend payment date is unconfirmed.

What is the beta indicator for Iridium Communications?

Iridium Communications (IRDM) has a beta rating of 0.81. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Iridium Communications stock price target?

The target price for Iridium Communications (IRDM) stock is $39.4, which is 40.16% above the current price of $28.11. This is an average based on projections from 5 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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