What is Cormark’s Estimate for Telesat FY2025 Earnings?

Telesat Corp (NASDAQ:TSAT) – Research analysts at Cormark lowered their FY2025 earnings estimates for Telesat in a report released on Wednesday, June 11th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of ($0.81) for the year, down from their previous estimate of ($0.80). Cormark also issued estimates for Telesat’s FY2026 earnings at ($1.86) EPS.

Telesat Price Performance

TSAT opened at $17.23 on Friday. The company’s 50 day simple moving average is $16.50 and its 200 day simple moving average is $17.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36. Telesat has a 1 year low of $7.21 and a 1 year high of $25.38. The stock has a market capitalization of $235.03 million, a PE ratio of 7.09 and a beta of 1.98.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSAT. JPMorgan Chase & Co. lifted its position in Telesat by 1,395.5% during 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 in the last quarter. Acadian Asset Management LLC lifted its position in Telesat by 63.3% during the first quarter. Acadian Asset Management LLC now owns 6,381 shares of the company’s stock valued at $119,000 after buying an additional 2,473 shares in the last quarter. Bank of America Corp DE lifted its position in Telesat by 13.7% during the fourth quarter. Bank of America Corp DE now owns 7,360 shares of the company’s stock valued at $121,000 after buying an additional 889 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in Telesat during the first quarter valued at approximately $188,000. Finally, PDT Partners LLC acquired a new position in Telesat during the first quarter valued at approximately $200,000.

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.