Cormark Issues Pessimistic Estimate for Telesat Earnings

Telesat Corp (NASDAQ:TSAT) – Analysts at Cormark decreased their FY2025 earnings per share (EPS) estimates for Telesat in a research report issued 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 previous estimate of ($1.90).

Telesat Stock Down 7.3 %

Shares of NASDAQ TSAT opened at $19.08 on Thursday. The firm’s fifty day moving average is $19.64 and its 200 day moving average is $15.92. Telesat has a 52 week low of $6.93 and a 52 week high of $25.38. The company has a quick ratio of 4.36, a current ratio of 4.36 and a debt-to-equity ratio of 1.11. The company has a market cap of $260.27 million, a price-to-earnings ratio of 7.85 and a beta of 2.35.

Telesat (NASDAQ:TSAT) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.21) by ($4.69). The company had revenue of $88.94 million during the quarter, compared to analysts’ expectations of $120.60 million. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%.

Hedge Funds Weigh In On Telesat

A number of hedge funds have recently modified their holdings of TSAT. LM Asset IM Inc. bought a new stake in shares of Telesat in the fourth quarter worth about $13,290,000. Squarepoint Ops LLC bought a new position in Telesat during the 4th quarter valued at approximately $552,000. Millennium Management LLC purchased a new stake in Telesat in the 4th quarter worth approximately $368,000. Bank of America Corp DE grew its position in shares of Telesat by 13.7% in the 4th quarter. Bank of America Corp DE now owns 7,360 shares of the company’s stock worth $121,000 after buying an additional 889 shares during the last quarter. Finally, Aristeia Capital L.L.C. purchased a new position in shares of Telesat during the fourth quarter valued at approximately $649,000.

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.