Core Viewpoint - Iridium Communications (IRDM) is expected to report third-quarter 2024 earnings on October 17, with revenue estimates indicating a 4.1% increase year-over-year to $205.7 million and earnings per share estimated at 20 cents, unchanged over the past 60 days [1][2]. Financial Performance - The Zacks Consensus indicates that Iridium's earnings have beaten estimates in two of the last four quarters, with an average surprise of 202.2%. However, the stock has declined by 31.2% over the past year, contrasting with a 1.3% gain in the sub-industry [3]. Revenue Segments - The Service segment is projected to generate revenues of $155.5 million, reflecting a 2.3% increase from the previous year [5]. - Commercial service revenues are anticipated to reach $129 million, marking a 2.8% rise year-over-year, driven by demand in voice and data services, IoT data, and broadband [6]. - Engineering and Support segment revenues are estimated at $27.3 million, an 8.1% increase from the prior year, bolstered by U.S. government contracts [8]. - Subscriber Equipment revenues are expected to be $21.2 million, a 4% increase from the previous year, as demand stabilizes [9]. Recent Developments - On September 25, 2024, Iridium's initiative to enhance Narrowband IoT capabilities was approved by the 3GPP, expanding its global connectivity reach with the upcoming Iridium NTN Direct service [10]. - The company announced a $500 million stock repurchase authorization, the largest in its history, extending total buyback authorization to $1.5 billion through December 31, 2027 [11]. - Iridium introduced the Iridium Certus GMDSS service on September 3, 2024, aimed at improving maritime safety and communication [12].

Wall Street analysts expect Iridium Communications (IRDM) to post quarterly earnings of $0.20 per share in its upcoming report, which indicates a year-over-year increase of 2100%. Revenues are expected to be $205.68 million, up 4.1% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a compa ...

MCLEAN, Va., Oct. 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced its collaboration with Nordic Semiconductor for early integration of its Iridium NTN Direct℠ service into Nordic's LTE-M/NB-IoT modules and chipsets. Nordic Semiconductor is a global leader in low power wireless connectivity solutions including cellular IoT (LTE-M, NB-IoT), Wi-Fi, Bluetooth LE, and Thread and is trusted by world leading b ...

One company that I have a really solid track record with is satellite owner and operator Iridium Communications (NASDAQ: IRDM ). For the most part, from my first article about the company in July of 2015 Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, ...

Iridium Communications Inc (IRDM) stock has gained 21% in the past six months compared with the S&P 500 composite's growth of 9.9%. IRDM stock gained 1.9% in the last trading session and closed at $31.02. IRDM is trading 31.2% below its 52-week high of $45.07, reached on Oct. 5, 2023. The stock had a dreary run on the trading front for most of the year. Recent developments, including a new stock buyback program and the launch of new services like Iridium NTN Direct, along with improving quarterly numbers, h ...

Core Viewpoint - Iridium Communications Inc. has partnered with Satcom Direct Brasil and MRS Logística to implement Iridium Certus satellite connectivity on MRS Logística's railway network in Brazil, enhancing real-time communication and operational efficiency in freight transport [1][6]. Group 1: Implementation and Technology - The Iridium Certus 700 service will facilitate real-time communication between train drivers and operation centers, improving logistical processes [1]. - The Thales MissionLINK 700 equipment, installed on MRS Logística's locomotives, provides a secure data link of up to 704 Kbps, essential for rail traffic management [4]. - The technology allows for precise train location management, which increases operational efficiency and safety by reducing the distance between trains [5][6]. Group 2: Operational Impact - MRS Logística's railway network is vital for the Brazilian economy, transporting nearly 20% of all Brazilian exports and a third of the country's railway cargo [6]. - The implementation of Iridium Certus is expected to enhance the number of trips and reduce accidents, representing a significant operational gain [4][5]. - The reliable communication enabled by Iridium's low Earth orbit satellite network ensures better coverage and connectivity compared to competitors, even in adverse weather conditions [6][7]. Group 3: Future Prospects - MRS Logística aims to lead in adopting innovative technologies for critical railway operations, enhancing safety and efficiency through the use of Iridium's satellite services [7]. - The Thales MissionLINK 700 also supports additional functionalities such as internet access, telemetry for maintenance, and voice calls, further improving operational capabilities [7].

Core Viewpoint - Iridium Communications Inc. will host a conference call on October 17, 2024, to discuss its third-quarter 2024 financial results, with an earnings press release to be issued prior to the call [1]. Group 1: Conference Call Details - The conference call is scheduled for 8:30 a.m. Eastern Time (ET) on October 17, 2024 [1]. - Callers can participate by dialing 1-412-902-6740 and should call five minutes before the start time [2]. - The call will also be available via a simultaneous webcast on the company's investor relations website [2]. Group 2: Replay Information - A replay of the webcast will be accessible in the investor relations section of the company's website approximately one hour after the call concludes [3]. Group 3: Company Overview - Iridium Communications Inc. is a leading provider of global voice and data satellite communications, with a network that spans the entire globe [4]. - The company enables real-time connections between people, organizations, and assets, and offers a portfolio of reliable solutions for global communications [4]. - In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location service [4].

Iridium will use a stock buyback program to turn its single-digit growth rate into a double-digit growth rate. Iridium Communications (IRDM 3.30%) stock is in the dumps. Down 37% in 52 weeks, the satellite communications stock enjoyed a modest revival in July after beating on second-quarter earnings, and promising to maintain -- or even slightly accelerate -- its Q2 rate of 4% sales growth through the end of this year. At the time, I suggested that Iridium stock looked inexpensive at a price-to-free cash fl ...

Iridium Communications Inc. (IRDM) recently announced its fourth stock repurchase authorization in four years. The latest $500 million authorization, approved by its board of directors, is the largest in the company's history. It extends the total buyback authorization to $1.5 billion through Dec. 31, 2027. Iridium's stock repurchase program began in February 2021 with an initial authorization of $300 million. This was followed by another $300 million in March 2022 and $400 million in July 2023. The executi ...

Core Insights - Iridium Communications Inc. has authorized an additional $500 million stock repurchase program, bringing the total to $1.5 billion over the past four years, highlighting the company's strong business performance [1][2][3] Stock Repurchase Program - The new $500 million authorization is the largest in the company's history, following previous authorizations of $300 million in February 2021, $300 million in March 2022, and $400 million in July 2023 [2] - The repurchase program aims to maximize return on investment for shareholders, with a target net leverage below 4.0 times through 2026 and below 2.0 times operational EBITDA by the end of the decade [2] Financial Performance and Strategy - Following the completion of the Iridium® NEXT program, the company has started generating significant free cash flow and has committed to shareholder-friendly activities, returning over $1 billion through share repurchases and dividends in recent years [3] - The Board of Directors has the flexibility to adjust the repurchase timeframe, with transactions occurring on the open market or through negotiated deals [3] Company Overview - Iridium Communications Inc. operates the only mobile voice and data satellite communications network that provides global coverage, enabling real-time connections for various markets [4] - In 2024, the company acquired Satelles, Inc. and launched the Iridium Satellite Time and Location service, further expanding its service offerings [4]