Telesat (TSAT) Scheduled to Post Quarterly Earnings on Friday

Telesat (NASDAQ:TSAT) is set to announce its earnings results before the market opens on Friday, May 10th. Telesat has set its FY 2024 guidance at EPS.

Telesat (NASDAQ:TSAT) last issued its quarterly earnings results on Thursday, March 28th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $121.87 million during the quarter. Telesat had a net margin of 22.44% and a negative return on equity of 1.72%.

Telesat Stock Up 3.2 %

Shares of Telesat stock opened at $7.39 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 13.19 and a quick ratio of 13.19. The company has a 50-day moving average of $8.33 and a 200 day moving average of $9.55. The firm has a market cap of $94.67 million, a price-to-earnings ratio of 0.88 and a beta of 2.11. Telesat has a 1 year low of $6.90 and a 1 year high of $22.75.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Telesat in a research note on Tuesday, April 30th. They issued a “hold” rating and a $9.00 price target for the company.

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.