Zacks: Analysts Anticipate Intelsat SA (NYSE:I) Will Post Quarterly Sales of $502.59 Million

Brokerages predict that Intelsat SA (NYSE:I) will announce $502.59 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Intelsat’s earnings, with the lowest sales estimate coming in at $500.00 million and the highest estimate coming in at $505.17 million. Intelsat posted sales of $537.71 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The firm is scheduled to announce its next earnings results on Tuesday, July 30th.

On average, analysts expect that Intelsat will report full-year sales of $2.04 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.05 billion. For the next year, analysts anticipate that the firm will post sales of $1.99 billion, with estimates ranging from $1.96 billion to $2.01 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Intelsat.

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

Several brokerages have weighed in on I. Zacks Investment Research downgraded Intelsat from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 price objective (down previously from $28.00) on shares of Intelsat in a research report on Monday, March 18th. Raymond James upgraded Intelsat from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 6th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upgraded 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Intelsat currently has a consensus rating of “Hold” and a consensus price target of $29.71.

Shares of I stock opened at $19.45 on Friday. Intelsat has a fifty-two week low of $14.81 and a fifty-two week high of $37.70. The company has a 50 day moving average of $19.77. The company has a market capitalization of $2.68 billion, a P/E ratio of -8.35 and a beta of 1.43.

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

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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