$0.11 EPS Expected for Iridium Communications Inc. (IRDM)
February 16, 2018 – By Dolores Ford
Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.02, from 1.33 in 2017Q2. It improved, as 19 investors sold Iridium Communications Inc. shares while 41 reduced holdings. 16 funds opened positions while 65 raised stakes. 97.06 million shares or 0.44% less from 97.49 million shares in 2017Q2 were reported.
Northern Tru Corporation holds 0.01% or 2.26M shares. Glenmede Tru Na stated it has 0.14% of its portfolio in Iridium Communications Inc. (NASDAQ:IRDM). Moreover, Credit Suisse Ag has 0% invested in Iridium Communications Inc. (NASDAQ:IRDM) for 243,449 shares. Financial Bank Of America Corporation De invested 0% in Iridium Communications Inc. (NASDAQ:IRDM). Bridgeway Mgmt holds 0.09% of its portfolio in Iridium Communications Inc. (NASDAQ:IRDM) for 784,750 shares. Barclays Public Limited Com invested in 27,987 shares or 0% of the stock. Invesco holds 3.44 million shares or 0.01% of its portfolio. Aperio Gru Ltd Limited Liability Company has invested 0% of its portfolio in Iridium Communications Inc. (NASDAQ:IRDM). Ellington Mgmt Group Limited Liability Com accumulated 0.04% or 23,600 shares. Janney Montgomery Scott Limited Liability Corp holds 0% of its portfolio in Iridium Communications Inc. (NASDAQ:IRDM) for 20,100 shares. C M Bidwell And Associate Limited invested 0.02% in Iridium Communications Inc. (NASDAQ:IRDM). Lsv Asset Management has 2.45 million shares. Hancock Co has 0.05% invested in Iridium Communications Inc. (NASDAQ:IRDM). Profund Llc holds 14,932 shares. Principal Financial Grp Inc Incorporated has invested 0.01% in Iridium Communications Inc. (NASDAQ:IRDM).
Since August 30, 2017, it had 0 insider purchases, and 1 insider sale for $1.42 million activity.
Analysts expect Iridium Communications Inc. (NASDAQ:IRDM) to report $0.11 EPS on February, 22.They anticipate $0.08 EPS change or 42.11 % from last quarter’s $0.19 EPS. IRDM’s profit would be $10.78M giving it 28.41 P/E if the $0.11 EPS is correct. After having $0.23 EPS previously, Iridium Communications Inc.’s analysts see -52.17 % EPS growth. The stock increased 1.63% or $0.2 during the last trading session, reaching $12.5. About 142,502 shares traded. Iridium Communications Inc. (NASDAQ:IRDM) has risen 20.17% since February 16, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.
Iridium Communications Inc. (NASDAQ:IRDM) Ratings Coverage
Among 3 analysts covering Iridium Communications (NASDAQ:IRDM), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Iridium Communications had 3 analyst reports since August 31, 2017 according to SRatingsIntel. Northland Capital maintained it with “Hold” rating and $11.0 target in Friday, October 27 report. Wells Fargo maintained the shares of IRDM in report on Friday, October 27 with “Market Perform” rating.
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and clients worldwide. The company has market cap of $1.23 billion. It offers postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; push-to-talk services; and machine-to-machine services for sending and receiving data from fixed and mobile assets in remote locations to a central monitoring station. It has a 13.72 P/E ratio. The firm also provides other services, such as inbound connections from the public switched telephone network, short message services, subscriber identity module, activation, customer reactivation, and other peripheral services.
More notable recent Iridium Communications Inc. (NASDAQ:IRDM) news were published by: Globenewswire.com which released: “Iridium Announces Release Date for Fourth-Quarter 2017 Financial Results” on February 01, 2018, also Globenewswire.com with their article: “Maritime Industry Readies for a New Era of Choice with Iridium Certus(SM …” published on February 14, 2018, Seekingalpha.com published: “Iridium Communications: A Future Cash Cow Trading For Cheap” on December 27, 2017. More interesting news about Iridium Communications Inc. (NASDAQ:IRDM) were released by: Seekingalpha.com and their article: “Iridium Communications: 17% Upside Behind The Truly Global Satellite Constellation” published on October 18, 2017 as well as Globenewswire.com‘s news article titled: “Iridium Announces First Land-Mobile Service Providers for Iridium Certus(SM)” with publication date: February 07, 2018.
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