-$0.95 Earnings Per Share Expected for Intelsat SA (NYSE:I) This Quarter

Brokerages expect that Intelsat SA (NYSE:I) will announce earnings per share (EPS) of ($0.95) for the current quarter, according to Zacks. Two analysts have made estimates for Intelsat’s earnings. Intelsat posted earnings of ($0.38) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 150%. The firm is scheduled to issue its next earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Intelsat will report full year earnings of ($2.90) per share for the current financial year, with EPS estimates ranging from ($3.74) to ($2.07). For the next year, analysts expect that the company will report earnings of ($3.11) per share, with EPS estimates ranging from ($6.49) to ($1.40). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Intelsat.

Intelsat (NYSE:I) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.26). The firm had revenue of $528.40 million for the quarter, compared to the consensus estimate of $523.74 million. During the same quarter last year, the company posted ($0.56) earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis.

A number of brokerages have recently commented on I. Morgan Stanley decreased their price objective on shares of Intelsat from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, May 16th. Zacks Investment Research downgraded shares of Intelsat from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. raised shares of Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Wednesday, April 3rd. Finally, Raymond James raised shares of Intelsat from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 6th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.71.

Several hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC raised its holdings in shares of Intelsat by 275.0% in the 1st quarter. Quantamental Technologies LLC now owns 9,000 shares of the technology company’s stock valued at $141,000 after buying an additional 6,600 shares during the period. FDx Advisors Inc. lifted its position in Intelsat by 13.0% during the 4th quarter. FDx Advisors Inc. now owns 12,961 shares of the technology company’s stock worth $277,000 after acquiring an additional 1,491 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Intelsat during the 4th quarter worth approximately $299,000. GSA Capital Partners LLP acquired a new stake in Intelsat during the 4th quarter worth approximately $319,000. Finally, Howe & Rusling Inc. purchased a new position in shares of Intelsat during the 1st quarter worth approximately $271,000. Institutional investors own 93.79% of the company’s stock.

Shares of I traded up $0.08 during midday trading on Friday, reaching $20.11. The stock had a trading volume of 26,759 shares, compared to its average volume of 1,928,089. The company’s 50 day simple moving average is $19.63. Intelsat has a one year low of $14.81 and a one year high of $37.70. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -8.64 and a beta of 1.40.

About Intelsat

Intelsat SA, together with 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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