Iridium Communications Inc. (IRDM)

Market Cap	3.18B
Revenue (ttm)	812.43M
Net Income (ttm)	114.46M
Shares Out	113.85M
EPS (ttm)	0.93
PE Ratio	30.16
Forward PE	35.56
Dividend	$0.56 (2.01%)
Ex-Dividend Date	Sep 13, 2024

Volume	1,105,980
Open	27.15
Previous Close	27.32
Day's Range	27.15 - 28.27
52-Week Range	24.14 - 41.66
Beta	0.64
Analysts	Buy
Price Target	41.00 (+46.9%)
Earnings Date	Oct 17, 2024

About IRDM

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the publi...

• Industry: Telecom Services
• Sector: Communication Services
• Founded: 2000
• Employees: 766
• Stock Exchange: NASDAQ
• Ticker Symbol: IRDM
• Website: https://www.iridium.com

Financial Performance

In 2023, Iridium Communications's revenue was $790.72 million, an increase of 9.67% compared to the previous year's $721.03 million. Earnings were $15.42 million, an increase of 76.74%.

Analyst Forecast

According to 4 analysts, the average rating for IRDM stock is "Buy." The 12-month stock price forecast is $41.0, which is an increase of 46.90% from the latest price.

Price Target

$41.0

(46.90% upside)

Analyst Consensus: Buy