Intelsat SA (NYSE:I) Expected to Post Quarterly Sales of $499.00 Million

Analysts predict that Intelsat SA (NYSE:I) will post $499.00 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Intelsat’s earnings, with estimates ranging from $496.00 million to $502.00 million. Intelsat posted sales of $542.77 million during the same quarter last year, which suggests a negative year over year growth rate of 8.1%. The company is expected to report its next earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Intelsat will report full-year sales of $2.04 billion for the current year, with estimates ranging from $2.04 billion to $2.05 billion. For the next financial year, analysts expect that the firm will post sales of $1.98 billion, with estimates ranging from $1.93 billion to $2.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Intelsat.

Intelsat (NYSE:I) last announced its earnings results on Tuesday, October 29th. The technology company reported ($2.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.88) by ($1.86). The firm had revenue of $506.70 million for the quarter, compared to analysts’ expectations of $502.15 million. During the same quarter last year, the firm earned ($0.26) earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis.

Several research firms have weighed in on I. Barclays set a $20.00 price objective on Intelsat and gave the company a “hold” rating in a research report on Friday, September 27th. Evercore ISI downgraded Intelsat from an “outperform” rating to an “in-line” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. decreased their target price on Intelsat from $22.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. ValuEngine cut Intelsat from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 25th. Finally, Zacks Investment Research lowered Intelsat from a “buy” rating to a “hold” rating in a research report on Saturday, August 17th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.17.

I stock traded up $0.16 during trading on Friday, reaching $6.69. The company had a trading volume of 5,917,423 shares, compared to its average volume of 3,284,164. Intelsat has a 52 week low of $5.55 and a 52 week high of $27.29. The business has a 50 day moving average of $17.06 and a 200 day moving average of $19.94. The company has a market cap of $901.27 million, a P/E ratio of -2.87 and a beta of 1.23.

Several institutional investors have recently modified their holdings of I. SG Americas Securities LLC purchased a new position in Intelsat during the third quarter valued at $109,000. Aperio Group LLC purchased a new stake in shares of Intelsat in the second quarter worth $110,000. Neo Ivy Capital Management bought a new position in shares of Intelsat during the second quarter valued at $188,000. CIBC Private Wealth Group LLC bought a new position in shares of Intelsat during the third quarter valued at $228,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Intelsat during the second quarter valued at $244,000. Institutional investors own 89.19% of the company’s stock.

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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