-$0.99 Earnings Per Share Expected for Intelsat SA (NYSE:I) This Quarter

Wall Street brokerages forecast that Intelsat SA (NYSE:I) will post ($0.99) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Intelsat’s earnings. The lowest EPS estimate is ($1.29) and the highest is ($0.66). Intelsat reported earnings per share of ($0.91) in the same quarter last year, which indicates a negative year-over-year growth rate of 8.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that Intelsat will report full year earnings of ($6.84) per share for the current year, with EPS estimates ranging from ($6.97) to ($6.70). For the next financial year, analysts anticipate that the business will post earnings of ($3.26) per share, with EPS estimates ranging from ($5.48) to ($1.95). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Intelsat.

Intelsat (NYSE:I) last posted its earnings results on Tuesday, October 29th. The technology company reported ($2.74) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.88) by ($1.86). The business had revenue of $506.70 million for the quarter, compared to the consensus estimate of $502.15 million. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. Intelsat’s revenue was down 5.6% compared to the same quarter last year.

A number of research firms have commented on I. Raymond James raised shares of Intelsat from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. Evercore ISI cut shares of Intelsat from an “outperform” rating to an “in-line” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price target on shares of Intelsat from $22.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. ValuEngine cut shares of Intelsat from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 25th. Finally, Barclays set a $20.00 price target on shares of Intelsat and gave the stock a “hold” rating in a research report on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Intelsat currently has an average rating of “Hold” and a consensus target price of $16.17.

NYSE I traded up $0.22 during trading hours on Wednesday, reaching $6.65. The company had a trading volume of 6,024,358 shares, compared to its average volume of 3,244,960. The stock has a 50-day moving average of $18.21 and a 200 day moving average of $20.16. Intelsat has a 1-year low of $5.55 and a 1-year high of $27.29. The stock has a market capitalization of $839.16 million, a P/E ratio of -2.85 and a beta of 1.23.

Several institutional investors and hedge funds have recently modified their holdings of I. FMR LLC acquired a new stake in Intelsat in the first quarter valued at approximately $1,277,000. First Trust Advisors LP acquired a new stake in Intelsat in the second quarter valued at approximately $635,000. Aperio Group LLC acquired a new stake in Intelsat in the second quarter valued at approximately $110,000. Hartwell J M Limited Partnership raised its holdings in Intelsat by 0.8% in the second quarter. Hartwell J M Limited Partnership now owns 496,150 shares of the technology company’s stock valued at $9,650,000 after acquiring an additional 3,950 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in Intelsat by 13.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 31,627 shares of the technology company’s stock valued at $615,000 after acquiring an additional 3,700 shares in the last quarter. 89.20% of the stock is currently owned by institutional investors and hedge funds.

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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