The Intelsat SA (I) Announces Quarterly Earnings Results

The Intelsat SA (I) Announces Quarterly  Earnings Results

Intelsat SA (NYSE:I) announced its earnings results on Thursday. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.23. Intelsat SA had a negative return on equity of 4.99% and a net margin of 17.03%. The company had revenue of $542.70 million for the quarter, compared to the consensus estimate of $536.32 million. During the same period last year, the business posted $0.66 EPS. The company’s revenue was down 6.6% on a year-over-year basis.

Shares of Intelsat SA (NYSE:I) opened at 2.76 on Monday. The stock’s market capitalization is $325.13 million. The firm’s 50-day moving average price is $2.76 and its 200-day moving average price is $2.92. Intelsat SA has a 52-week low of $1.44 and a 52-week high of $6.73.

Several brokerages have weighed in on I. Zacks Investment Research downgraded Intelsat SA from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Raymond James Financial Inc. downgraded Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has an average rating of “Sell” and an average target price of $3.09.

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Intelsat SA by 2.7% in the second quarter. California State Teachers Retirement System now owns 61,117 shares of the company’s stock worth $158,000 after buying an additional 1,611 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Intelsat SA by 1.4% in the first quarter. Geode Capital Management LLC now owns 169,899 shares of the company’s stock worth $428,000 after buying an additional 2,392 shares during the last quarter. Strs Ohio boosted its stake in shares of Intelsat SA by 6.3% in the third quarter. Strs Ohio now owns 193,100 shares of the company’s stock worth $523,000 after buying an additional 11,400 shares during the last quarter. Spark Investment Management LLC boosted its stake in shares of Intelsat SA by 3.8% in the second quarter. Spark Investment Management LLC now owns 346,700 shares of the company’s stock worth $894,000 after buying an additional 12,800 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of Intelsat SA by 14.6% in the second quarter. BlackRock Investment Management LLC now owns 123,885 shares of the company’s stock worth $320,000 after buying an additional 15,778 shares during the last quarter. Hedge funds and other institutional investors own 41.95% of the company’s stock.

Intelsat SA Company Profile

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