Wall Street brokerages expect Intelsat SA (NYSE:I) to announce ($0.74) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Intelsat’s earnings, with the lowest EPS estimate coming in at ($0.87) and the highest estimate coming in at ($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 scheduled to report its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Intelsat will report full year earnings of ($2.13) per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of ($2.08) per share, with EPS estimates ranging from ($3.78) to ($0.99). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Intelsat.

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

Several brokerages have issued reports on I. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Jefferies Financial Group set a $32.00 price target on shares of Intelsat and gave the company a “buy” rating in a research report on Monday, August 6th. Morgan Stanley reiterated an “underweight” rating and issued 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. Finally, Royal Bank of Canada upgraded shares of Intelsat from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Intelsat presently has an average rating of “Hold” and a consensus price target of $12.50.

I stock traded up $0.40 during mid-day trading on Wednesday, hitting $22.41. 1,367,400 shares of the company were exchanged, compared to its average volume of 2,720,654. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of -3.79. The company has a market capitalization of $2.99 billion, a PE ratio of -13.18 and a beta of 1.04. Intelsat has a 1-year low of $2.44 and a 1-year high of $25.21.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Intelsat in the second quarter valued at approximately $102,000. The Manufacturers Life Insurance Company grew its stake in shares of Intelsat by 355.4% during the first quarter. The Manufacturers Life Insurance Company now owns 28,223 shares of the technology company’s stock worth $106,000 after buying an additional 22,025 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Intelsat during the second quarter worth $122,000. Macquarie Group Ltd. bought a new stake in shares of Intelsat during the second quarter worth $148,000. Finally, Paloma Partners Management Co bought a new stake in shares of Intelsat during the second quarter worth $195,000. Institutional investors own 50.43% of the company’s stock.

Intelsat Company Profile

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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