Cormark Predicts Telesat’s FY2025 Earnings (NASDAQ:TSAT)

Telesat Corp (NASDAQ:TSAT) – Investment analysts at Cormark cut their FY2025 EPS estimates for Telesat in a report issued on Tuesday, March 25th. Cormark analyst D. Mcfadgen now anticipates that the company will earn ($2.09) per share for the year, down from their previous estimate of ($1.90).

Telesat (NASDAQ:TSAT) last released its quarterly earnings results on Thursday, March 27th. The company reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.21) by ($4.69). Telesat had a net margin of 7.99% and a negative return on equity of 3.16%. The business had revenue of $88.94 million during the quarter, compared to analysts’ expectations of $120.60 million.

Telesat Trading Down 7.3 %

Shares of TSAT opened at $19.08 on Thursday. Telesat has a 1-year low of $6.93 and a 1-year high of $25.38. The company has a market capitalization of $260.27 million, a P/E ratio of 7.85 and a beta of 2.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.36 and a quick ratio of 4.36. The firm’s 50 day simple moving average is $19.64 and its 200 day simple moving average is $15.92.

Institutional Trading of Telesat

A number of hedge funds have recently made changes to their positions in TSAT. LM Asset IM Inc. bought a new position in Telesat in the fourth quarter valued at $13,290,000. Aristeia Capital L.L.C. bought a new position in shares of Telesat during the 4th quarter valued at about $649,000. Squarepoint Ops LLC purchased a new position in shares of Telesat during the 4th quarter valued at about $552,000. Millennium Management LLC bought a new stake in Telesat in the 4th quarter worth approximately $368,000. Finally, Trexquant Investment LP purchased a new stake in Telesat in the fourth quarter worth approximately $223,000.

Telesat Company Profile

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to broadcast, enterprise, and consulting customers worldwide. The company’s satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers’ homes; and enables broadcasters, cable networks, and DTH service providers to transmit television programming services.