Telesat (NASDAQ:TSAT - Get Free Report) will be posting its quarterly earnings results before the market opens on Friday, May 10th. Telesat has set its FY 2024 guidance at EPS.
Telesat (NASDAQ:TSAT - Get Free Report) last posted its earnings results on Thursday, March 28th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $121.87 million for the quarter. Telesat had a net margin of 22.44% and a negative return on equity of 1.72%.
Telesat Stock Performance
TSAT traded up $0.10 during midday trading on Friday, hitting $7.48. 15,681 shares of the company traded hands, compared to its average volume of 30,416. The company has a quick ratio of 13.19, a current ratio of 13.19 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $95.82 million, a PE ratio of 0.89 and a beta of 2.11. The company's 50-day moving average is $8.39 and its 200 day moving average is $9.66. Telesat has a 52 week low of $6.90 and a 52 week high of $22.75.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Telesat in a research note on Tuesday. They set a "hold" rating and a $9.00 target price on the stock.
Check Out Our Latest Research Report on Telesat
Telesat Company Profile
(
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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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