Intelsat (I) Announces Quarterly Earnings Results, Misses Estimates By $1.63 EPS

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Intelsat (NYSE:I) issued its quarterly earnings results on Tuesday. The technology company reported ($1.95) EPS for the quarter, missing the consensus estimate of ($0.32) by ($1.63), Fidelity Earnings reports. The company had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $531.97 million. During the same period in the previous year, the business earned ($0.26) earnings per share. The business’s revenue was down .4% on a year-over-year basis. Intelsat updated its FY 2018 guidance to EPS.

NYSE:I traded up $0.14 during mid-day trading on Wednesday, hitting $25.77. 133,559 shares of the stock were exchanged, compared to its average volume of 3,449,239. The stock has a market cap of $3.89 billion, a P/E ratio of -15.16 and a beta of 1.00. Intelsat has a fifty-two week low of $2.44 and a fifty-two week high of $37.70.

A hedge fund recently raised its stake in Intelsat stock. Bank of New York Mellon Corp increased its position in shares of Intelsat SA (NYSE:I) by 37.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,656 shares of the technology company’s stock after purchasing an additional 35,413 shares during the period. Bank of New York Mellon Corp owned approximately 0.10% of Intelsat worth $2,160,000 as of its most recent filing with the Securities and Exchange Commission. 49.79% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Intelsat from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, August 1st. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Intelsat in a research report on Monday, October 22nd. Finally, Jefferies Financial Group set a $32.00 price objective on Intelsat and gave the company a “buy” rating in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intelsat has a consensus rating of “Hold” and a consensus price target of $16.67.

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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Earnings History for Intelsat (NYSE:I)

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