Telesat (TSAT) Scheduled to Post Earnings on Thursday

Telesat (NASDAQ:TSAT) is scheduled to be releasing its earnings data before the market opens on Thursday, November 14th. Analysts expect Telesat to post earnings of ($0.37) per share for the quarter. Telesat has set its FY 2024 guidance at EPS.

Telesat (NASDAQ:TSAT) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($2.87) earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($5.34). Telesat had a net margin of 4.59% and a negative return on equity of 5.90%. The company had revenue of $111.41 million for the quarter, compared to analysts’ expectations of $106.82 million. On average, analysts expect Telesat to post $0 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Telesat Stock Up 4.3 %

Shares of TSAT opened at $12.06 on Tuesday. The stock’s 50-day moving average price is $12.38 and its 200-day moving average price is $9.89. The company has a quick ratio of 6.13, a current ratio of 6.13 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $164.51 million, a price-to-earnings ratio of 8.20 and a beta of 2.30. Telesat has a 52 week low of $6.93 and a 52 week high of $15.02.

Analyst Ratings Changes

Separately, Cormark raised shares of Telesat to a “moderate buy” rating in a research note on Friday, September 20th.

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.