Telesat (NASDAQ:TSAT) Issues Quarterly Earnings Results

Telesat (NASDAQ:TSAT) announced its earnings results on Tuesday. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.94) by ($0.79), Zacks reports. Telesat had a negative net margin of 20.74% and a negative return on equity of 3.54%. Telesat updated its FY 2025 guidance to EPS.

Telesat Trading Down 7.1%

Shares of NASDAQ TSAT opened at $28.14 on Tuesday. The business has a fifty day simple moving average of $27.17 and a 200-day simple moving average of $22.82. The company has a market cap of $383.86 million, a price-to-earnings ratio of -5.50 and a beta of 2.06. Telesat has a 12 month low of $10.11 and a 12 month high of $36.85. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 1.69.

Institutional Investors Weigh In On Telesat

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in Telesat by 264.3% in the 2nd quarter. Bank of America Corp DE now owns 56,401 shares of the company’s stock worth $1,378,000 after acquiring an additional 40,919 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Telesat in the 2nd quarter valued at about $449,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Telesat by 63.3% in the 1st quarter. Acadian Asset Management LLC now owns 6,381 shares of the company’s stock valued at $119,000 after purchasing an additional 2,473 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Telesat in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.