$502.59 Million in Sales Expected for Intelsat SA (NYSE:I) This Quarter

Equities research analysts forecast that Intelsat SA (NYSE:I) will post $502.59 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Intelsat’s earnings. The lowest sales estimate is $500.00 million and the highest is $505.17 million. Intelsat posted sales of $537.71 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Intelsat will report full year sales of $2.04 billion for the current financial year, with estimates ranging from $2.03 billion to $2.05 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.99 billion, with estimates ranging from $1.96 billion to $2.01 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Intelsat.

Intelsat (NYSE:I) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.87) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.26). The business had revenue of $528.40 million during the quarter, compared to analysts’ expectations of $523.74 million. During the same period in the prior year, the firm earned ($0.56) EPS. The business’s revenue was down 2.8% on a year-over-year basis.

I has been the topic of several recent research reports. Zacks Investment Research cut Intelsat from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price target (down from $28.00) on shares of Intelsat in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. raised Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Intelsat has a consensus rating of “Hold” and a consensus target price of $29.71.

Large investors have recently made changes to their positions in the company. Norges Bank bought a new position in Intelsat in the fourth quarter valued at about $33,155,000. Centerbridge Partners L.P. lifted its holdings in Intelsat by 3,504.2% in the fourth quarter. Centerbridge Partners L.P. now owns 857,800 shares of the technology company’s stock valued at $18,349,000 after acquiring an additional 834,000 shares during the period. Key Square Capital Management LLC bought a new position in Intelsat in the first quarter valued at about $10,380,000. Solus Alternative Asset Management LP bought a new position in Intelsat in the fourth quarter valued at about $10,695,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Intelsat by 60.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,178 shares of the technology company’s stock valued at $23,342,000 after acquiring an additional 409,549 shares during the period. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of I traded up $1.26 during mid-day trading on Friday, hitting $21.38. 2,040,902 shares of the company’s stock traded hands, compared to its average volume of 1,665,002. Intelsat has a 1 year low of $14.81 and a 1 year high of $37.70. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -9.18 and a beta of 1.40. The business has a 50-day simple moving average of $19.56.

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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