Intelsat SA (I) Expected to Announce Earnings of -$0.74 Per Share

Analysts predict that Intelsat SA (NYSE:I) will post ($0.74) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Intelsat’s earnings. The lowest EPS estimate is ($0.87) and the highest is ($0.61). Intelsat reported earnings per share of ($0.26) during the same quarter last year, which suggests a negative year-over-year growth rate of 184.6%. The company is expected to issue its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Intelsat will report full-year earnings of ($2.13) per share for the current year. For the next financial year, analysts forecast that the business will post earnings of ($2.08) per share, with EPS estimates ranging from ($3.78) to ($0.99). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Intelsat.

Intelsat (NYSE:I) last posted its earnings results on Tuesday, July 31st. The technology company reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.14. The company had revenue of $537.70 million during the quarter, compared to analysts’ expectations of $528.50 million. During the same period in the prior year, the business posted ($0.20) earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Intelsat from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, August 1st. Morgan Stanley reissued an “underweight” rating and set a $6.00 price target on shares of Intelsat in a research report on Friday, June 1st. They noted that the move was a valuation call. Jefferies Financial Group set a $32.00 target price on shares of Intelsat and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, Royal Bank of Canada raised shares of Intelsat from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PointState Capital LP grew its position in Intelsat by 3.3% during the first quarter. PointState Capital LP now owns 3,598,000 shares of the technology company’s stock valued at $13,528,000 after buying an additional 113,300 shares during the period. BlackRock Inc. lifted its holdings in Intelsat by 11.0% during the second quarter. BlackRock Inc. now owns 1,908,355 shares of the technology company’s stock valued at $31,793,000 after purchasing an additional 188,809 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Intelsat by 17.2% during the second quarter. Renaissance Technologies LLC now owns 1,640,400 shares of the technology company’s stock valued at $27,329,000 after purchasing an additional 240,800 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Intelsat by 19,421.7% during the first quarter. JPMorgan Chase & Co. now owns 1,532,258 shares of the technology company’s stock valued at $5,761,000 after purchasing an additional 1,524,409 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in Intelsat during the second quarter valued at approximately $13,725,000. Institutional investors own 50.43% of the company’s stock.

NYSE I traded up $0.40 during trading hours on Wednesday, reaching $22.41. 1,367,400 shares of the company’s stock traded hands, compared to its average volume of 2,720,654. Intelsat has a 52-week low of $2.44 and a 52-week high of $25.21. The stock has a market cap of $2.99 billion, a P/E ratio of -13.18 and a beta of 1.04. The company has a debt-to-equity ratio of -3.79, a current ratio of 1.21 and a quick ratio of 1.21.

About Intelsat

Intelsat SA, through 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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