What is Cormark’s Estimate for Telesat FY2025 Earnings?

Telesat Corp (NASDAQ:TSAT) – Equities researchers at Cormark increased their FY2025 earnings per share (EPS) estimates for Telesat in a research note issued to investors on Wednesday, May 7th. Cormark analyst D. Mcfadgen now forecasts that the company will earn ($0.80) per share for the year, up from their previous forecast of ($2.12). Cormark also issued estimates for Telesat’s FY2026 earnings at ($1.84) EPS.

Telesat Price Performance

Shares of TSAT opened at $16.49 on Monday. Telesat has a 52-week low of $7.21 and a 52-week high of $25.38. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36. The business’s 50 day moving average price is $18.19 and its two-hundred day moving average price is $16.86. The firm has a market cap of $224.94 million, a PE ratio of 6.79 and a beta of 2.02.

Telesat (NASDAQ:TSAT) last announced its earnings results on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of ($0.56) by $1.09. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%. The business had revenue of $81.12 million for the quarter, compared to analysts’ expectations of $106.67 million.

Hedge Funds Weigh In On Telesat

Institutional investors have recently added to or reduced their stakes in the business. Aristeia Capital L.L.C. acquired a new position in Telesat in the fourth quarter valued at approximately $649,000. JPMorgan Chase & Co. lifted its stake in Telesat by 1,395.5% in the fourth quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company’s stock valued at $43,000 after buying an additional 2,456 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Telesat by 12.2% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 100,611 shares of the company’s stock valued at $1,654,000 after buying an additional 10,900 shares during the period. Trexquant Investment LP acquired a new position in Telesat in the fourth quarter valued at approximately $223,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Telesat in the first quarter valued at approximately $256,000.

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.