Cormark Forecasts 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) - Research analysts at Cormark lowered their FY2025 earnings estimates for Telesat in a report released on Thursday, August 7th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of ($2.10) per share for the year, down from their previous forecast of ($0.81). Cormark also issued estimates for Telesat's FY2026 earnings at ($1.72) EPS.

Telesat Stock Down 1.7%

Shares of NASDAQ TSAT traded down $0.38 during midday trading on Monday, hitting $21.93. The stock had a trading volume of 29,793 shares, compared to its average volume of 94,492. The business's 50 day moving average is $23.27 and its 200-day moving average is $19.92. The company has a market cap of $299.08 million, a P/E ratio of -4.17 and a beta of 2.16. Telesat has a 52 week low of $8.66 and a 52 week 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.

Telesat (NASDAQ:TSAT - Get Free Report) last issued its earnings results 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. The firm had revenue of $77.94 million for the quarter, compared to the consensus estimate of $109.64 million. Telesat had a negative net margin of 20.74% and a negative return on equity of 3.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TSAT. Bank of America Corp DE raised its holdings in shares of Telesat by 13.7% during the fourth quarter. Bank of America Corp DE now owns 7,360 shares of the company's stock valued at $121,000 after purchasing an additional 889 shares during the last quarter. PCJ Investment Counsel Ltd. increased its holdings in Telesat by 0.9% during the second quarter. PCJ Investment Counsel Ltd. now owns 113,850 shares of the company's stock valued at $2,768,000 after buying an additional 1,050 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Telesat by 1,395.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company's stock valued at $43,000 after buying an additional 2,456 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Telesat by 63.3% during the first quarter. Acadian Asset Management LLC now owns 6,381 shares of the company's stock valued at $119,000 after buying an additional 2,473 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Telesat by 6.9% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 79,161 shares of the company's stock valued at $1,935,000 after buying an additional 5,100 shares during the last quarter.

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.