Telesat Corp (NASDAQ:TSAT - Free Report) - Equities research analysts at Cormark lifted their FY2025 earnings per share estimates for Telesat in a research note issued to investors on Wednesday, May 7th. Cormark analyst D. Mcfadgen now anticipates that the company will earn ($0.80) per share for the year, up from their prior forecast of ($2.12). Cormark also issued estimates for Telesat's FY2026 earnings at ($1.84) EPS.
Telesat Stock Up 2.3%
Shares of NASDAQ:TSAT traded up $0.38 during midday trading on Monday, hitting $17.12. 41,525 shares of the stock were exchanged, compared to its average volume of 57,356. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36. Telesat has a 52-week low of $7.21 and a 52-week high of $25.38. The business's fifty day simple moving average is $18.17 and its two-hundred day simple moving average is $16.88. The company has a market capitalization of $233.53 million, a PE ratio of 7.05 and a beta of 2.02.
Telesat (NASDAQ:TSAT - Get Free Report) last announced its quarterly earnings data 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. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%. The business had revenue of $81.12 million during the quarter, compared to analyst estimates of $106.67 million.
Hedge Funds Weigh In On Telesat
Several hedge funds have recently bought and sold shares of TSAT. Bank of America Corp DE lifted its stake in shares of Telesat by 13.7% in the fourth quarter. Bank of America Corp DE now owns 7,360 shares of the company's stock valued at $121,000 after buying an additional 889 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 2,456 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Telesat by 12.2% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 100,611 shares of the company's stock worth $1,654,000 after acquiring an additional 10,900 shares during the period. Trexquant Investment LP acquired a new stake in Telesat during the 4th quarter worth $223,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Telesat during the 1st quarter worth $256,000.
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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