Cormark Has Pessimistic Outlook of Telesat FY2025 Earnings

Telesat Corp (NASDAQ:TSAT - Free Report) - Research analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for Telesat in a report issued on Wednesday, June 11th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of ($0.81) per share for the year, down from their prior forecast of ($0.80). Cormark also issued estimates for Telesat's FY2026 earnings at ($1.86) EPS.

Telesat (NASDAQ:TSAT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $1.09. The company had revenue of $81.12 million during the quarter, compared to the consensus estimate of $106.67 million. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%.

Telesat Stock Up 2.6%

Shares of TSAT traded up $0.44 during trading hours on Friday, hitting $17.67. 77,466 shares of the company were exchanged, compared to its average volume of 59,057. The company has a market cap of $241.04 million, a PE ratio of 7.27 and a beta of 1.98. The firm's 50 day moving average is $16.52 and its 200-day moving average is $17.62. Telesat has a 52 week low of $7.21 and a 52 week high of $25.38. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36.

Institutional Trading of Telesat

Several large investors have recently made changes to their positions in the stock. LM Asset IM Inc. acquired a new position in shares of Telesat during the 4th quarter worth about $13,290,000. Squarepoint Ops LLC acquired a new position in shares of Telesat during the 4th quarter worth about $552,000. Aristeia Capital L.L.C. acquired a new position in shares of Telesat during the 4th quarter worth about $649,000. JPMorgan Chase & Co. lifted its position in shares of Telesat by 1,395.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock worth $43,000 after purchasing an additional 2,456 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Telesat during the 4th quarter worth about $368,000.

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.