Iridium Communications Inc released its earnings results on Jul 25, 2023. The company reported -$0.24 earnings per share for the quarter, missing the consensus estimate of $0.043 by -$0.283.

Is Iridium Communications Inc overvalued?

According to Wall Street analysts Iridium Communications Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Iridium Communications Inc pay dividends?

Iridium Communications Inc pays a Notavailable dividend of $0.13 which represents an annual dividend yield of 0.54%. See more information on Iridium Communications Inc dividends here

What is Iridium Communications Inc’s EPS estimate?

Iridium Communications Inc’s EPS estimate is $0.03.

How many shares outstanding does Iridium Communications Inc have?

Iridium Communications Inc has 125,050,660 shares outstanding.

What happened to Iridium Communications Inc’s price movement after its last earnings report?

Iridium Communications Inc reported an EPS of -$0.24 in its last earnings report, missing expectations of $0.043. Following the earnings report the stock price went down -15.652%.

Which hedge fund is a major shareholder of Iridium Communications Inc?

Among the largest hedge funds holding Iridium Communications Inc’s share is ARK Investment Management LLC. It holds Iridium Communications Inc’s shares valued at 96M.

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Iridium Communications Stock Smart Score

Neutral

Fundamentals

Return on Equity

-1.80%

Trailing 12-Months

Asset Growth

-9.63%

Trailing 12-Months

The Iridium Communications stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

Iridium Communications Inc

Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company's principal lines of business include Land Mobile, Maritime, Aviation, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Government business line involves in the provision of mobile satellite communications services to the U.S. government, principally the Department of Defense. Its voice products are used for a variety of primary and backup communications solutions, including tactical operations, logistical, administrative, morale and welfare, and emergency communications. The firm's commercial services include: Postpaid Mobile Voice and Data Satellite Communications, Prepaid Mobile Voice Satellite Communications, Iridium PTT, Broadband Data, and Machine-to-Machine services. Iridium Communications was founded on November 2, 2007 and is headquartered in McLean, VA.

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