Telesat Corp (NASDAQ:TSAT - Free Report) - Equities researchers at Cormark lifted their FY2025 EPS estimates for Telesat in a research report issued to clients and investors on Wednesday, May 7th. Cormark analyst D. Mcfadgen now expects that the company will earn ($0.80) per share for the year, up from their previous estimate of ($2.12). Cormark also issued estimates for Telesat's FY2026 earnings at ($1.84) EPS.
Telesat (NASDAQ:TSAT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of ($0.56) by $1.09. Telesat had a net margin of 7.99% and a negative return on equity of 3.16%. The business had revenue of $81.12 million during the quarter, compared to analysts' expectations of $106.67 million.
Telesat Stock Performance
Shares of TSAT stock traded down $0.14 on Monday, hitting $16.85. The company's stock had a trading volume of 6,909 shares, compared to its average volume of 57,332. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36. The stock's 50 day moving average is $18.16 and its 200-day moving average is $16.92. Telesat has a fifty-two week low of $7.21 and a fifty-two week high of $25.38. The company has a market capitalization of $229.78 million, a PE ratio of 6.93 and a beta of 2.02.
Hedge Funds Weigh In On Telesat
Institutional investors and hedge funds have recently modified their holdings of the business. Aristeia Capital L.L.C. acquired a new stake in Telesat during the fourth quarter worth about $649,000. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 2,456 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in shares of Telesat by 12.2% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 100,611 shares of the company's stock valued at $1,654,000 after purchasing an additional 10,900 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Telesat in the 4th quarter valued at approximately $223,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Telesat in the 1st quarter valued at approximately $256,000.
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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