Telesat (TSAT) Set to Announce Quarterly Earnings on Friday

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

Telesat Stock Down 3.9 %

NASDAQ TSAT opened at $7.14 on Wednesday. Telesat has a 52 week low of $6.90 and a 52 week high of $22.75. The company has a quick ratio of 13.19, a current ratio of 13.19 and a debt-to-equity ratio of 1.34. The business’s fifty day simple moving average is $8.37 and its 200-day simple moving average is $9.60. The firm has a market cap of $91.46 million, a PE ratio of 0.85 and a beta of 2.11.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on Telesat in a report on Tuesday, April 30th. They set a “hold” rating and a $9.00 price target on the stock.

About Telesat

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.