Equities analysts expect Intelsat S.A. (NYSE:I) to announce sales of $534.77 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Intelsat’s earnings. The highest sales estimate is $537.00 million and the lowest is $532.00 million. Intelsat posted sales of $541.98 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Intelsat will report full year sales of $534.77 million for the current fiscal year, with estimates ranging from $2.15 billion to $2.18 billion. For the next year, analysts anticipate that the business will report sales of $2.19 billion per share, with estimates ranging from $2.14 billion to $2.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Intelsat.

Intelsat (NYSE:I) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.16. Intelsat had a net margin of 43.24% and a negative return on equity of 1.90%. The firm had revenue of $538.50 million during the quarter, compared to analysts’ expectations of $544.75 million. During the same quarter in the prior year, the firm posted $0.13 EPS. Intelsat’s quarterly revenue was down 2.6% compared to the same quarter last year.

Separately, Zacks Investment Research upgraded Intelsat from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Thursday, March 30th.

Intelsat (NYSE I) opened at 3.19 on Friday. The firm has a market cap of $378.97 million, a price-to-earnings ratio of 0.40 and a beta of 2.11. Intelsat has a 12-month low of $2.12 and a 12-month high of $5.87. The stock has a 50 day moving average price of $3.05 and a 200-day moving average price of $3.53.

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Several hedge funds have recently made changes to their positions in I. State Street Corp boosted its stake in shares of Intelsat by 1.6% in the fourth quarter. State Street Corp now owns 519,148 shares of the technology company’s stock worth $1,388,000 after buying an additional 8,316 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Intelsat by 78.4% in the fourth quarter. Renaissance Technologies LLC now owns 191,600 shares of the technology company’s stock worth $512,000 after buying an additional 84,200 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Intelsat by 120.7% in the first quarter. Nationwide Fund Advisors now owns 42,058 shares of the technology company’s stock worth $175,000 after buying an additional 23,000 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Intelsat during the first quarter worth $204,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of Intelsat during the first quarter worth $299,000. 38.61% of the stock is owned by institutional investors.

About Intelsat

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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