Iridium Communications Inc. (IRDM)

Market Cap	3.78B
Revenue (ttm)	789.30M
Net Income (ttm)	25.29M
Shares Out	121.43M
EPS (ttm)	0.21
PE Ratio	149.10
Forward PE	40.00
Dividend	$0.52 (1.67%)
Ex-Dividend Date	Mar 14, 2024

Volume	207,608
Open	30.44
Previous Close	30.44
Day's Range	30.35 - 31.35
52-Week Range	24.14 - 65.12
Beta	0.78
Analysts	Buy
Price Target	44.75 (+43.43%)
Earnings Date	Apr 18, 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: 760
• Stock Exchange: NASDAQ
• Ticker Symbol: IRDM

Financial Performance

In 2023, IRDM'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 5 analysts, the average rating for IRDM stock is "Buy." The 12-month stock price forecast is $44.75, which is an increase of 43.43% from the latest price.

Price Target

$44.75

(43.43% upside)

Analyst Consensus: Buy