Telesat (NASDAQ:TSAT) Releases Quarterly Earnings Results, Misses Estimates By $0.79 EPS

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

Telesat Price Performance

Shares of TSAT traded down $2.64 during trading hours on Tuesday, hitting $27.08. 24,264 shares of the stock were exchanged, compared to its average volume of 99,587. The stock’s 50-day moving average price is $27.17 and its two-hundred day moving average price is $22.82. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.08 and a current ratio of 5.08. Telesat has a 12-month low of $10.11 and a 12-month high of $36.85. The company has a market cap of $369.40 million, a price-to-earnings ratio of -5.18 and a beta of 2.06.

Hedge Funds Weigh In On Telesat

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased 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 worth $119,000 after buying an additional 2,473 shares in the last quarter. Jump Financial LLC purchased a new position in Telesat during the second quarter worth $449,000. Finally, Bank of America Corp DE increased its position in Telesat by 264.3% during the second quarter. Bank of America Corp DE now owns 56,401 shares of the company’s stock worth $1,378,000 after buying an additional 40,919 shares in the last quarter.

Analyst Ratings Changes

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