Iridium Communications (IRDM)
(Delayed Data from NSDQ)
$29.95 USD
-1.66 (-5.25%)
Updated Oct 4, 2024 04:00 PM ET
After-Market: $29.95 0.00 (0.00%) 7:08 PM ET
2-Buy of 5 2
D Value B Growth F Momentum D VGM
Company Summary
Founded in 2000 and headquartered in McLean, VA, Iridium Communications Inc is a satellite communications company that offers dedicated commercial global voice and data communications services to both businesses and governments in the U.S. as well as globally. It also works with non-governmental organizations.
Iridium operates one of the largest commercial constellations with a mesh architecture of 66 operational Low-Earth Orbit satellites to route traffic using radio frequency crosslinks. The inimitable architecture provides impeccable performance by minimizing the need for ground infrastructure.
The communications and satellite company sells products and services to commercial ...
Company Summary
Founded in 2000 and headquartered in McLean, VA, Iridium Communications Inc is a satellite communications company that offers dedicated commercial global voice and data communications services to both businesses and governments in the U.S. as well as globally. It also works with non-governmental organizations.
Iridium operates one of the largest commercial constellations with a mesh architecture of 66 operational Low-Earth Orbit satellites to route traffic using radio frequency crosslinks. The inimitable architecture provides impeccable performance by minimizing the need for ground infrastructure.
The communications and satellite company sells products and services to commercial end users through a wholesale distribution network, encompassing approximately 85 service providers, 285 value-added resellers and 80 value-added manufacturers.
Iridium’s satellite and communications network solutions are best suited for industries such as aviation, emergency services, mining, forestry, maritime, oil and gas, transportation and utilities.
Iridium revenues under three segments namely Service, Subscriber equipment and Engineering and support services.
In 2023, the company reported revenues of $791 million, up 10% from 2022.
Service revenues comprised 74% of total revenues in 2023 while Subscriber equipment and Engineering and support services contributed 13.3% and 12.7%, respectively.
As of Jun 30, the company had 2,413,000 billable subscribers, up 13% from 2,140,000 at the end of the prior-year quarter.
It faces tough competition in the mobile satellite services industry from the likes of Inmarsat, Globalstar, ORBCOMM, and Thuraya Telecommunications Co (or Thuraya).
General Information
Iridium Communications Inc
1750 TYSONS BOULEVARD SUITE 1400
MCLEAN, VA 22102
Phone: 703-287-7400
Fax: 703-287-7450
Email: investor.relations@iridium.com
Industry | Satellite and Communication |
Sector | Computer and Technology |
Fiscal Year End | December |
Last Reported Quarter | 9/30/2024 |
Earnings Date | 10/17/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.20 |
Current Year EPS Consensus Estimate | 0.81 |
Estimated Long-Term EPS Growth Rate | NA |
Earnings Date | 10/17/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 31.61 |
52 Week High | 45.07 |
52 Week Low | 24.14 |
Beta | 0.65 |
20 Day Moving Average | 1,166,381.00 |
Target Price Consensus | 40.00 |
4 Week | 13.79 |
12 Week | 24.25 |
YTD | -23.20 |
4 Week | 9.86 |
12 Week | 21.74 |
YTD | -35.73 |
Shares Outstanding (millions) | 118.38 |
Market Capitalization (millions) | 3,742.08 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 1.77% |
Annual Dividend | $0.56 |
Payout Ratio | 0.78 |
Change in Payout Ratio | NA |
Last Dividend Payout / Amount | 9/13/2024 / $0.14 |
Fundamental Ratios
P/E (F1) | 39.06 |
Trailing 12 Months | 43.90 |
PEG Ratio | NA |
vs. Previous Year | 212.50% |
vs. Previous Quarter | 68.75% |
vs. Previous Year | 4.12% |
vs. Previous Quarter | -1.37% |
Price/Book | 4.76 |
Price/Cash Flow | 11.54 |
Price / Sales | 4.69 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 10.23 |
3/31/24 | 2.76 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 3.27 |
3/31/24 | 0.93 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 2.25 |
3/31/24 | 3.33 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 1.52 |
3/31/24 | 2.52 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 11.08 |
3/31/24 | 3.20 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 11.08 |
3/31/24 | 3.20 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 9.08 |
3/31/24 | 2.40 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 6.65 |
3/31/24 | 7.03 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 2.63 |
3/31/24 | 2.86 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 2.08 |
3/31/24 | 1.86 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 67.51 |
3/31/24 | 65.03 |