![]() ![]() This repurchase authorization authorizes the technology company to reacquire up to 6.3% of its shares through open market purchases. Iridium Communications declared that its board has initiated a stock buyback plan on Tuesday, April 19th that authorizes the company to repurchase $300.00 million in outstanding shares. As a group, research analysts predict that Iridium Communications will post 0.09 EPS for the current year. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. The business had revenue of $168.20 million during the quarter, compared to the consensus estimate of $156.83 million. Iridium Communications had a negative return on equity of 0.10% and a negative net margin of 0.21%. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. ![]() Iridium Communications ( NASDAQ:IRDM – Get Rating) last posted its quarterly earnings results on Tuesday, April 19th. The stock’s 50-day simple moving average is $36.41 and its 200-day simple moving average is $37.84. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.38 and a current ratio of 3.67. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of -3,766.00 and a beta of 1.12. Iridium Communications has a 1 year low of $31.73 and a 1 year high of $48.95. Shares of NASDAQ IRDM opened at $37.66 on Friday. 97.98% of the stock is currently owned by institutional investors. Finally, PDT Partners LLC purchased a new position in Iridium Communications during the 1st quarter worth approximately $1,501,000. Eaton Vance Management now owns 94,355 shares of the technology company’s stock worth $3,804,000 after purchasing an additional 26,228 shares in the last quarter. Eaton Vance Management grew its position in Iridium Communications by 38.5% during the 1st quarter. Dynamic Technology Lab Private Ltd purchased a new position in Iridium Communications during the 1st quarter worth approximately $1,901,000. now owns 2,171,634 shares of the technology company’s stock worth $87,560,000 after purchasing an additional 963,386 shares in the last quarter. grew its position in Iridium Communications by 79.7% during the 1st quarter. Capital International Investors now owns 7,722,754 shares of the technology company’s stock valued at $311,381,000 after buying an additional 26,978 shares in the last quarter. Capital International Investors increased its holdings in shares of Iridium Communications by 0.4% in the first quarter. Several hedge funds and other institutional investors have recently bought and sold shares of the business.
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