Equities analysts expect Intelsat (NYSE:I) to report sales of $521.13 million for the current quarter, according to Zacks. Two analysts have issued estimates for Intelsat’s earnings, with the highest sales estimate coming in at $523.00 million and the lowest estimate coming in at $519.25 million. Intelsat posted sales of $538.48 million in the same quarter last year, which indicates a negative year over year growth rate of 3.2%. The company is scheduled to announce its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Intelsat will report full-year sales of $521.13 million for the current fiscal year, with estimates ranging from $2.07 billion to $2.09 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.05 billion per share, with estimates ranging from $2.02 billion to $2.08 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Intelsat.
Intelsat (NYSE:I) last released its earnings results on Monday, February 26th. The technology company reported ($0.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.73). The firm had revenue of $538.14 million for the quarter, compared to the consensus estimate of $534.56 million. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.56 earnings per share.
I has been the subject of several research reports. ValuEngine raised shares of Intelsat from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Intelsat from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Wednesday, January 3rd. Jefferies Group reaffirmed a “hold” rating on shares of Intelsat in a report on Tuesday, February 6th. Barclays set a $5.00 price target on shares of Intelsat and gave the company a “hold” rating in a report on Saturday, March 17th. Finally, JPMorgan Chase raised shares of Intelsat from an “underweight” rating to a “neutral” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.38.
I opened at $6.41 on Thursday. Intelsat has a 1-year low of $2.44 and a 1-year high of $7.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of -3.72. The stock has a market capitalization of $689.83, a PE ratio of -3.77 and a beta of 1.02.
Several hedge funds and other institutional investors have recently bought and sold shares of I. Discovery Capital Management LLC CT boosted its stake in Intelsat by 6.8% during the 4th quarter. Discovery Capital Management LLC CT now owns 7,423,034 shares of the technology company’s stock valued at $25,164,000 after purchasing an additional 472,621 shares during the period. Cyrus Capital Partners L.P. acquired a new position in Intelsat during the 4th quarter valued at about $559,000. GSA Capital Partners LLP acquired a new position in Intelsat during the 3rd quarter valued at about $269,000. Strs Ohio boosted its stake in Intelsat by 56.9% during the 4th quarter. Strs Ohio now owns 197,100 shares of the technology company’s stock valued at $668,000 after purchasing an additional 71,500 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Intelsat by 35.3% during the 4th quarter. California Public Employees Retirement System now owns 419,308 shares of the technology company’s stock valued at $1,421,000 after purchasing an additional 109,447 shares during the period. 36.86% of the stock is owned by institutional investors and hedge funds.
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Intelsat Company Profile
Intelsat SA, through its subsidiaries, provides satellite communications services worldwide. The company offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and Internet service providers; and commercial satellite communication services to the U.S.
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