Cormark Predicts Telesat's Q3 Earnings (NASDAQ:TSAT)

Telesat Corp (NASDAQ:TSAT - Free Report) - Analysts at Cormark increased their Q3 2024 earnings per share estimates for Telesat in a report issued on Tuesday, November 12th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of ($0.32) per share for the quarter, up from their previous estimate of ($0.33). Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for Telesat's current full-year earnings is ($0.06) per share. Cormark also issued estimates for Telesat's FY2025 earnings at ($2.43) EPS.

Telesat Trading Down 9.2 %

Shares of Telesat stock traded down $1.22 during mid-day trading on Friday, hitting $11.99. 50,055 shares of the stock were exchanged, compared to its average volume of 36,154. The company has a 50-day simple moving average of $12.50 and a 200 day simple moving average of $9.96. The company has a current ratio of 6.13, a quick ratio of 6.13 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $163.54 million, a price-to-earnings ratio of 8.24 and a beta of 2.30. Telesat has a twelve month low of $6.93 and a twelve month high of $15.02.

Telesat (NASDAQ:TSAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($2.87) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($5.34). The company had revenue of $111.41 million for the quarter, compared to analyst estimates of $106.82 million. Telesat had a negative return on equity of 5.90% and a net margin of 4.59%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Telesat stock. Gamco Investors INC. ET AL increased its stake in Telesat Corp (NASDAQ:TSAT - Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,139,479 shares of the company's stock after acquiring an additional 18,251 shares during the period. Gamco Investors INC. ET AL owned approximately 16.70% of Telesat worth $18,228,000 as of its most recent SEC filing.

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.