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Deutsche Bank Begins Covering Iridium Telecommunications With Pending Advice (IRDM)

Fintel reports that on June 22, 2023, Deutsche Bank will started Interviewed by Iridium News Agency (Nasdaq: IRDM) with possession recommendation.

Analyst Price Expectations Suggest 13.16% Gains

One year average as of June 1, 2023 target price 68.34 for Iridium Communications. Expectations range from lows of $45.45 to highs of $79.80. The average price target is up 13.16% from the latest reported closing price of 60.39.

see our corporate leaderboard The target price has the most upside potential.

Iridium Communications expects full-year revenues of $768 million, an increase of 1.37%.Non-GAAP Annual Forecast EPS is 0.18.

Iridium Communications Announces $0.13 Dividend

On May 8, 2023, the company declared: Quarterly regular dividend $0.13 per share ($0.52 per annum). Shareholders of record as of June 15, 2023 will receive payment on June 30, 2023. Previously, the company paid $0.13 per share.

At the current stock price of $60.39 per share, the dividend yield is 0.86%.

Looking back over the past five years and taking a weekly sample, the average dividend yield was 1.72%, with a low of 0.41% and a high of 3.21%. The standard deviation of yield is 0.60 (n=236).

The current dividend yield is 1.44 standard deviations below its historical average.

The company’s dividend payout ratio is 4.18 times. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x.

The company’s three-year dividend growth rate is 1.00%, indicating that it has increased its dividend over time.

What is Fund Sentiment?

there is 787 foundations or institutions reporting positions At Iridium Communications. That’s an increase of 32 owners or 4.24% over the last quarter.Portfolio average weight out of all funds IRDM dedicated was 0.39%, an increase of 8.86%. Total shares owned by institutional investors fell by 1.02% to 138,264,000 shares over the past three months. of put/call ratio IRDM’s is 0.47, indicating a bullish outlook.

What are other shareholders doing?

IRDM / Institutional Holdings of Iridium Communications Inc

Bamco owns 14,440,000 shares, representing 11.47% of the company. Earlier filings reported that the company owned 14,511,000 shares. Decrease 0.49%.office increased IRDM portfolio allocation increased 7.19% quarter-on-quarter.

BGRFX – Baron Growth Fund holds 7,825,000 shares representing a 6.21% ownership interest in the company. Previous filings reported that the company owned 7,890,000 shares. Decrease 0.83%.office increased Portfolio allocations to IRDM increased by 9.19% quarter-on-quarter.

Investors at Capital International owns 7,734,000 shares, representing 6.14% of the company. Previous filings reported that the company owned 7,872,000 shares. Decrease 1.78%.office increased Portfolio allocations to IRDM increased by 13.45% quarter-on-quarter.

SMCWX – SMALLCAP WORLD FUND INC holds 4,706,000 shares representing 3.74% of the company’s ownership. Earlier filings reported that the company owned 636,000 shares. will increase 86.48%.office increased Portfolio allocation in IRDM increased by 639.71% quarter-on-quarter.

BPTRX – Baron Partner Fund owns 4,000,000 shares representing a 3.18% ownership interest in the company. There was no change in the last quarter.

Iridium Communications Background Information
(This description was provided by us.)

IridiumĀ® is the only global mobile voice and data satellite communication network. Iridium enables real-time, anywhere-from-anywhere connectivity between people, organizations and assets. Working with an ecosystem of partners, Iridium delivers an innovative and rich portfolio of reliable solutions to markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched a new specialized broadband his service, his Iridium Certus. Iridium Communications Inc. is headquartered in McLean, Virginia, USA.

Main filings of this company:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on June 22, 2023, Deutsche Bank will started Interviewed by Iridium News Agency (Nasdaq: IRDM) with possession recommendation. Analyst Price Expectations Suggest 13.16% Gains One year average as of June 1, 2023 target price 68.34 for Iridium Communications. Expectations range from lows of $45.45 to highs of $79.80. The average price target is up 13.16% from the latest reported closing price of 60.39.

see our corporate leaderboard The target price has the most upside potential. Iridium Communications expects full-year revenues of $768 million, an increase of 1.37%.Non-GAAP Annual Forecast EPS is 0.18. Iridium Communications Announces $0.13 Dividend On May 8, 2023, the company declared: Quarterly regular dividend $0.13 per share ($0.52 per annum). Shareholders of record as of June 15, 2023 will receive payment on June 30, 2023. Previously, the company paid $0.13 per share. At the current stock price of $60.39 per share, the dividend yield is 0.86%. Looking back over the past five years and taking a weekly sample, the average dividend yield was 1.72%, with a low of 0.41% and a high of 3.21%. The standard deviation of yield is 0.60 (n=236).

The current dividend yield is 1.44 standard deviations below its historical average. The company’s dividend payout ratio is 4.18 times. The payout ratio indicates how much of a company’s profits are paid out as dividends. A dividend payout ratio of 1 (1.0) means that 100% of the company’s profits are paid out in dividends. A payout ratio greater than 1 means that companies are using their savings to maintain their dividends, which is not healthy. Companies with little growth prospects are expected to pay most of their profits in dividends, which usually means a dividend payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain a portion of their earnings to invest in that growth prospect, which translates to a dividend payout ratio of 0-0.5x. The company’s three-year dividend growth rate is 1.00%, indicating that it has increased its dividend over time. What is Fund Sentiment? there is 787 foundations or institutions reporting positions At Iridium Communications. That’s an increase of 32 owners or 4.24% over the last quarter.Portfolio average weight out of all funds IRDM dedicated was 0.39%, an increase of 8.86%. Total shares owned by institutional investors fell by 1.02% to 138,264,000 shares over the past three months. of put/call ratio IRDM’s is 0.47, indicating a bullish outlook. What are other shareholders doing? Bamco owns 14,440,000 shares, representing 11.47% of the company. Earlier filings reported that the company owned 14,511,000 shares. Decrease 0.49%.office increased IRDM portfolio allocation increased 7.19% quarter-on-quarter.

BGRFX – Baron Growth Fund holds 7,825,000 shares representing a 6.21% ownership interest in the company. Previous filings reported that the company owned 7,890,000 shares. Decrease 0.83%.office increased Portfolio allocations to IRDM increased by 9.19% quarter-on-quarter. Investors at Capital International owns 7,734,000 shares, representing 6.14% of the company. Previous filings reported that the company owned 7,872,000 shares. Decrease 1.78%.office increased Portfolio allocations to IRDM increased by 13.45% quarter-on-quarter. SMCWX – SMALLCAP WORLD FUND INC holds 4,706,000 shares representing 3.74% of the company’s ownership. Earlier filings reported that the company owned 636,000 shares. will increase 86.48%.office increased Portfolio allocation in IRDM increased by 639.71% quarter-on-quarter. BPTRX – Baron Partner Fund owns 4,000,000 shares representing a 3.18% ownership interest in the company. There was no change in the last quarter. Iridium Communications Background Information(This description was provided by us.)

IridiumĀ® is the only global mobile voice and data satellite communication network. Iridium enables real-time, anywhere-from-anywhere connectivity between people, organizations and assets. Working with an ecosystem of partners, Iridium delivers an innovative and rich portfolio of reliable solutions to markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched a new specialized broadband his service, his Iridium Certus. Iridium Communications Inc. is headquartered in McLean, Virginia, USA.
Main filings of this company: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/deutsche-bank-initiates-coverage-of-iridium-communications-irdm-with-hold-recommendation Deutsche Bank Begins Covering Iridium Telecommunications With Pending Advice (IRDM)

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