Telesat (TSAT) Set to Announce Earnings on Thursday

Telesat (NASDAQ:TSAT - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Telesat to post earnings of ($0.37) per share for the quarter. Telesat has set its FY 2024 guidance at EPS.

Telesat (NASDAQ:TSAT - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($2.87) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.47 by ($5.34). The business had revenue of $111.41 million during the quarter, compared to analyst estimates of $106.82 million. Telesat had a net margin of 4.59% and a negative return on equity of 5.90%. On average, analysts expect Telesat to post $0 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Telesat Stock Performance

Shares of TSAT stock traded down $0.39 on Thursday, hitting $11.31. 72,503 shares of the stock traded hands, compared to its average volume of 35,432. The company has a debt-to-equity ratio of 1.15, a current ratio of 6.13 and a quick ratio of 6.13. The company has a market capitalization of $154.27 million, a PE ratio of 7.42 and a beta of 2.30. Telesat has a 1-year low of $6.93 and a 1-year high of $15.02. The company's fifty day moving average is $12.33 and its 200 day moving average is $9.79.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded shares of Telesat to a "moderate buy" rating in a report on Friday, September 20th.

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.