-$1.00 EPS Expected for Intelsat SA (NYSE:I) This Quarter

Equities analysts expect Intelsat SA (NYSE:I) to announce ($1.00) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Intelsat’s earnings, with the lowest EPS estimate coming in at ($1.18) and the highest estimate coming in at ($0.82). Intelsat posted earnings per share of ($0.46) in the same quarter last year, which would suggest a negative year over year growth rate of 117.4%. The business is scheduled to announce its next earnings results on Tuesday, October 29th.

On average, analysts expect that Intelsat will report full-year earnings of ($6.15) per share for the current financial year, with EPS estimates ranging from ($6.38) to ($5.92). For the next year, analysts anticipate that the company will report earnings of ($3.27) per share, with EPS estimates ranging from ($5.14) to ($2.13). Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Intelsat.

Intelsat (NYSE:I) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported ($1.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.95) by ($0.10). The company had revenue of $509.40 million during the quarter, compared to analyst estimates of $500.08 million. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) EPS.

A number of analysts recently commented on I shares. Barclays set a $20.00 price target on Intelsat and gave the stock a “hold” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their price target on Intelsat from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Finally, Zacks Investment Research lowered Intelsat from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.67.

Shares of Intelsat stock opened at $25.92 on Friday. The business’s fifty day simple moving average is $23.25 and its 200 day simple moving average is $20.75. The firm has a market capitalization of $3.65 billion, a P/E ratio of -11.12 and a beta of 1.49. Intelsat has a 12 month low of $14.81 and a 12 month high of $36.00.

A number of large investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC purchased a new stake in Intelsat in the third quarter worth $228,000. Alpine Group USVI LLC purchased a new stake in Intelsat in the third quarter worth $1,140,000. Hartwell J M Limited Partnership increased its position in Intelsat by 20.0% in the third quarter. Hartwell J M Limited Partnership now owns 595,450 shares of the technology company’s stock worth $13,576,000 after buying an additional 99,300 shares during the last quarter. Voleon Capital Management LP purchased a new stake in Intelsat in the second quarter worth $2,081,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of Intelsat in the second quarter valued at $4,324,000. 90.91% of the stock is 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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