Telesat Corp (NASDAQ:TSAT - Free Report) - Equities research analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for Telesat in a research note issued to investors on Tuesday, March 25th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of ($2.09) per share for the year, down from their prior forecast of ($1.90).
Telesat (NASDAQ:TSAT - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.21) by ($4.69). The business had revenue of $88.94 million during the quarter, compared to analyst estimates of $120.60 million. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%.
Telesat Price Performance
Shares of NASDAQ:TSAT traded up $0.02 on Thursday, reaching $19.10. 22,304 shares of the company traded hands, compared to its average volume of 50,665. The stock has a market capitalization of $260.53 million, a PE ratio of 7.85 and a beta of 2.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.36 and a quick ratio of 4.36. The company's 50 day moving average is $19.64 and its 200-day moving average is $15.99. Telesat has a fifty-two week low of $6.93 and a fifty-two week high of $25.38.
Institutional Investors Weigh In On Telesat
Several hedge funds have recently modified their holdings of the stock. LM Asset IM Inc. purchased a new position in Telesat in the 4th quarter worth about $13,290,000. Aristeia Capital L.L.C. acquired a new position in shares of Telesat in the fourth quarter worth about $649,000. Squarepoint Ops LLC purchased a new position in shares of Telesat in the fourth quarter worth approximately $552,000. Millennium Management LLC acquired a new stake in shares of Telesat during the fourth quarter valued at approximately $368,000. Finally, Trexquant Investment LP acquired a new stake in shares of Telesat during the fourth quarter valued at approximately $223,000.
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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