Intelsat S.A. (NYSE:I) posted its earnings results on Thursday. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.13, MarketWatch Earnings reports. Intelsat had a net margin of 36.95% and a negative return on equity of 1.90%. The firm had revenue of $533.20 million during the quarter, compared to analyst estimates of $534.16 million. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue was down 1.6% compared to the same quarter last year.
Intelsat (NYSE I) traded up 5.56% during trading on Friday, reaching $3.42. 501,068 shares of the company traded hands. The company’s 50-day moving average price is $3.12 and its 200 day moving average price is $3.51. The firm has a market capitalization of $406.89 million, a price-to-earnings ratio of 0.51 and a beta of 2.11. Intelsat has a 52 week low of $2.34 and a 52 week high of $5.87.
Institutional investors have recently modified their holdings of the company. Spark Investment Management LLC acquired a new position in shares of Intelsat during the second quarter worth $1,451,000. Strs Ohio raised its position in shares of Intelsat by 36.5% in the second quarter. Strs Ohio now owns 190,400 shares of the technology company’s stock worth $582,000 after buying an additional 50,900 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Intelsat by 721.9% in the first quarter. Goldman Sachs Group Inc. now owns 104,884 shares of the technology company’s stock worth $435,000 after buying an additional 92,123 shares during the period. Brookfield Asset Management Inc. acquired a new position in shares of Intelsat during the first quarter worth $917,000. Finally, Gotham Asset Management LLC raised its position in shares of Intelsat by 17.2% in the first quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after buying an additional 5,124 shares during the period. 38.61% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of Intelsat from a “hold” rating to a “strong-buy” rating and set a $3.75 price target for the company in a research report on Saturday.
Intelsat Company Profile
Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides 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 (ISPs).
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