Equities research analysts expect Intelsat SA (NYSE:I) to post sales of $524.44 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Intelsat’s earnings, with the lowest sales estimate coming in at $509.87 million and the highest estimate coming in at $539.00 million. Intelsat reported sales of $538.76 million in the same quarter last year, which indicates a negative year over year growth rate of 2.7%. The business is scheduled to report its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Intelsat will report full-year sales of $2.15 billion for the current financial year, with estimates ranging from $2.06 billion to $2.18 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.15 billion, with estimates ranging from $2.03 billion to $2.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Intelsat.
Intelsat (NYSE:I) last announced its earnings results on Tuesday, July 31st. The technology company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.14. The firm had revenue of $537.70 million for the quarter, compared to analyst estimates of $528.50 million. During the same period last year, the firm earned ($0.20) earnings per share. Intelsat’s revenue for the quarter was up .8% compared to the same quarter last year.
A number of equities analysts have recently weighed in on I shares. Zacks Investment Research raised shares of Intelsat from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, August 1st. Jefferies Financial Group set a $32.00 price target on shares of Intelsat and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Royal Bank of Canada raised shares of Intelsat from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Intelsat presently has a consensus rating of “Hold” and an average target price of $13.80.
NYSE I opened at $37.48 on Thursday. Intelsat has a 1-year low of $2.44 and a 1-year high of $37.70. The company has a debt-to-equity ratio of -3.79, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $4.09 billion, a PE ratio of -22.05 and a beta of 0.99.
A number of large investors have recently modified their holdings of the stock. Atria Investments LLC boosted its holdings in Intelsat by 8.4% in the third quarter. Atria Investments LLC now owns 22,150 shares of the technology company’s stock worth $665,000 after purchasing an additional 1,721 shares in the last quarter. Rhumbline Advisers boosted its holdings in Intelsat by 11.9% in the second quarter. Rhumbline Advisers now owns 39,476 shares of the technology company’s stock worth $658,000 after purchasing an additional 4,206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Intelsat in the second quarter worth $102,000. Cerebellum GP LLC bought a new stake in Intelsat in the third quarter worth $190,000. Finally, SG Americas Securities LLC bought a new stake in Intelsat in the second quarter worth $122,000. Hedge funds and other institutional investors own 50.47% of the company’s stock.
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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