Inmarsat Plc Declares Dividend of $0.22 (ISAT)
Inmarsat Plc (LON:ISAT) announced a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.22 per share on Friday, October 20th. This represents a dividend yield of 2.26%. The ex-dividend date is Thursday, September 14th. The official announcement can be viewed at this link.
Shares of Inmarsat Plc (LON:ISAT) traded down 0.15% during midday trading on Friday, hitting GBX 656.50. 1,602,680 shares of the stock were exchanged. Inmarsat Plc has a one year low of GBX 594.50 and a one year high of GBX 865.00. The company’s market cap is GBX 2.98 billion. The firm has a 50 day moving average of GBX 740.11 and a 200-day moving average of GBX 773.80.
Inmarsat Plc (LON:ISAT) last posted its earnings results on Thursday, August 3rd. The company reported $0.24 earnings per share for the quarter. Inmarsat Plc had a return on equity of 14.48% and a net margin of 12.28%. Equities analysts expect that Inmarsat Plc will post $0.43 EPS for the current year.
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Several analysts have recently issued reports on ISAT shares. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,020 ($13.17) price objective on shares of Inmarsat Plc in a research report on Tuesday, May 30th. Numis Securities Ltd started coverage on Inmarsat Plc in a research report on Tuesday. They issued a “sell” rating and a GBX 480 ($6.20) price objective on the stock. Barclays PLC restated an “underweight” rating on shares of Inmarsat Plc in a research report on Friday, June 9th. HSBC Holdings plc reduced their price objective on Inmarsat Plc from GBX 850 ($10.98) to GBX 830 ($10.72) and set a “hold” rating on the stock in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated a “buy” rating and issued a GBX 1,245 ($16.08) price objective on shares of Inmarsat Plc in a research report on Monday, June 26th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 839.29 ($10.84).
In related news, insider Simon Bax purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average price of GBX 646 ($8.34) per share, with a total value of £16,150 ($20,857.55).
Inmarsat Plc Company Profile
Inmarsat plc is a United Kingdom-based provider of global mobile satellite communications services. The Company’s segments include Maritime, Government, Enterprise, Aviation and Central Services. The Maritime segment focuses on commercial maritime services across the world. The Maritime segment includes the provision of broadband data and safety communications for all vessel sizes.
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