Equities Analysts Offer Predictions for Telesat Q3 Earnings

Telesat Corp (NASDAQ:TSAT) – Stock analysts at Cormark increased their Q3 2024 earnings per share (EPS) estimates for shares of Telesat in a research report issued to clients and investors on Tuesday, November 12th. Cormark analyst D. Mcfadgen now forecasts that the company will earn ($0.32) per share for the quarter, up from their previous forecast of ($0.33). Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Telesat’s current full-year earnings is ($0.06) per share. Cormark also issued estimates for Telesat’s FY2025 earnings at ($2.43) EPS.

Telesat Trading Up 4.7 %

Shares of TSAT stock opened at $13.21 on Friday. The stock has a market capitalization of $180.18 million, a PE ratio of 8.99 and a beta of 2.30. Telesat has a 1-year low of $6.93 and a 1-year high of $15.02. The business has a 50-day moving average of $12.50 and a 200 day moving average of $9.96. The company has a debt-to-equity ratio of 1.15, a current ratio of 6.13 and a quick ratio of 6.13.

Telesat (NASDAQ:TSAT) last issued its earnings results on Wednesday, August 14th. The company reported ($2.87) earnings per share for the quarter, missing the consensus estimate of $2.47 by ($5.34). The company had revenue of $111.41 million for the quarter, compared to analysts’ expectations of $106.82 million. Telesat had a net margin of 4.59% and a negative return on equity of 5.90%.

Institutional Investors Weigh In On Telesat

An institutional investor recently raised its position in Telesat stock. Gamco Investors INC. ET AL grew its holdings in Telesat Corp (NASDAQ:TSAT) by 0.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,139,479 shares of the company’s stock after buying an additional 18,251 shares during the quarter. Gamco Investors INC. ET AL owned approximately 16.70% of Telesat worth $18,228,000 at the end of the most recent quarter.

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.