Cormark Estimates Telesat's FY2025 Earnings (NASDAQ:TSAT)

Key Points

• Cormark has significantly revised its FY2025 earnings per share estimate for Telesat down to ($2.10), from a prior estimate of ($0.81).
• Telesat recently reported a quarterly earnings per share of $1.00, exceeding analyst expectations of ($0.69), despite having revenue lower than projections.
• Shares of Telesat have experienced a decline of 5.0%, with the company's stock opening at $21.01, having a market cap of $286.58 million.

Telesat Corporation (NASDAQ:TSAT - Free Report) - Cormark lowered their FY2025 earnings per share estimates for shares of Telesat in a research report issued on Thursday, August 7th. Cormark analyst D. Mcfadgen now forecasts that the company will earn ($2.10) per share for the year, down from their prior estimate of ($0.81). Cormark also issued estimates for Telesat's FY2026 earnings at ($1.72) EPS.

Telesat (NASDAQ:TSAT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $1.69. Telesat had a negative return on equity of 3.54% and a negative net margin of 20.74%. The firm had revenue of $77.94 million for the quarter, compared to the consensus estimate of $109.64 million.

Telesat Trading Up 0.6%

NASDAQ:TSAT traded up $0.13 during trading hours on Monday, hitting $22.51. 30,935 shares of the stock were exchanged, compared to its average volume of 94,805. The company's 50 day moving average is $23.15 and its two-hundred day moving average is $19.91. Telesat has a twelve month low of $8.45 and a twelve month high of $29.91. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $306.97 million, a P/E ratio of -4.27 and a beta of 2.16.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in 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 period. PCJ Investment Counsel Ltd. grew its holdings in shares of Telesat by 0.9% in the 2nd quarter. PCJ Investment Counsel Ltd. now owns 113,850 shares of the company's stock valued at $2,768,000 after acquiring an additional 1,050 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Telesat by 1,395.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock valued at $43,000 after acquiring an additional 2,456 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Telesat by 63.3% in the 1st quarter. Acadian Asset Management LLC now owns 6,381 shares of the company's stock valued at $119,000 after purchasing an additional 2,473 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Telesat in the 1st quarter valued at about $188,000.

About Telesat

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.