Telesat Corp (NASDAQ:TSAT - Free Report) - Stock analysts at Cormark reduced their FY2025 EPS estimates for Telesat in a research report issued on Wednesday, June 11th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of ($0.81) for the year, down from their previous forecast of ($0.80). Cormark also issued estimates for Telesat's FY2026 earnings at ($1.86) EPS.
Telesat (NASDAQ:TSAT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.56) by $1.09. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%. The firm had revenue of $81.12 million during the quarter, compared to analysts' expectations of $106.67 million.
Telesat Price Performance
Shares of Telesat stock traded up $0.10 during trading on Friday, reaching $17.23. The company's stock had a trading volume of 24,787 shares, compared to its average volume of 58,794. Telesat has a one year low of $7.21 and a one year high of $25.38. The stock has a 50-day moving average price of $16.50 and a two-hundred day moving average price of $17.50. The stock has a market capitalization of $235.03 million, a P/E ratio of 7.09 and a beta of 1.98. The company has a current ratio of 4.36, a quick ratio of 4.36 and a debt-to-equity ratio of 1.11.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Telesat by 1,395.5% during the fourth 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 period. Acadian Asset Management LLC boosted its position in shares of Telesat by 63.3% during the 1st quarter. Acadian Asset Management LLC now owns 6,381 shares of the company's stock worth $119,000 after acquiring an additional 2,473 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Telesat by 13.7% during the 4th quarter. Bank of America Corp DE now owns 7,360 shares of the company's stock worth $121,000 after buying an additional 889 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Telesat during the 1st quarter valued at approximately $188,000. Finally, PDT Partners LLC acquired a new stake in shares of Telesat during the 1st quarter valued at $200,000.
About Telesat
(
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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.
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