Brokerages forecast that Intelsat S.A. (NYSE:I) will post sales of $534.83 million for the current quarter, Zacks reports. Three analysts have issued estimates for Intelsat’s earnings, with estimates ranging from $533.50 million to $536.00 million. Intelsat reported sales of $542.73 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The business is scheduled to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Intelsat will report full-year sales of $534.83 million for the current year, with estimates ranging from $2.15 billion to $2.18 billion. For the next financial year, analysts expect that the company will report sales of $2.20 billion per share, with estimates ranging from $2.13 billion to $2.29 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Intelsat.
Intelsat (NYSE:I) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.13. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The firm had revenue of $533.20 million during the quarter, compared to analyst estimates of $534.16 million. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year.
A number of equities analysts have recently commented on I shares. Goldman Sachs Group, Inc. (The) started coverage on shares of Intelsat in a research report on Thursday, August 10th. They set a “neutral” rating and a $3.50 target price on the stock. Zacks Investment Research lowered shares of Intelsat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 29th. Jefferies Group LLC raised shares of Intelsat from a “hold” rating to a “buy” rating and lifted their price objective for the company from $2.50 to $5.00 in a report on Friday, September 8th. BidaskClub upgraded shares of Intelsat from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Finally, ValuEngine upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Intelsat has an average rating of “Buy” and a consensus target price of $4.30.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in Intelsat in the 1st quarter valued at about $131,000. Engineers Gate Manager LP acquired a new position in shares of Intelsat in the 2nd quarter worth approximately $100,000. Gotham Asset Management LLC lifted its holdings in shares of Intelsat by 17.2% in the 1st quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after acquiring an additional 5,124 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Intelsat by 26.8% in the 1st quarter. Alliancebernstein L.P. now owns 36,900 shares of the technology company’s stock worth $153,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Intelsat in the 1st quarter worth approximately $159,000. Hedge funds and other institutional investors own 37.95% of the company’s stock.
Shares of Intelsat (I) traded up 7.77% during midday trading on Monday, reaching $4.44. The company’s stock had a trading volume of 761,085 shares. The company’s 50-day moving average price is $3.72 and its 200-day moving average price is $3.57. The company has a market cap of $528.36 million, a PE ratio of 0.66 and a beta of 2.07. Intelsat has a 12 month low of $2.38 and a 12 month high of $5.87.
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Intelsat Company Profile
Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides 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 (ISPs).
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