What is Cormark’s Estimate for Telesat FY2025 Earnings?

Telesat Corp (NASDAQ:TSAT) – Equities researchers at Cormark decreased their FY2025 earnings per share (EPS) estimates for shares of Telesat in a report released on Tuesday, March 25th. Cormark analyst D. Mcfadgen now expects that the company will earn ($2.09) per share for the year, down from their prior estimate of ($1.90).

Telesat Stock Performance

Shares of TSAT opened at $20.59 on Thursday. Telesat has a twelve month low of $6.93 and a twelve month high of $25.38. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.36 and a current ratio of 4.36. The firm’s 50 day moving average price is $19.49 and its two-hundred day moving average price is $15.83. The firm has a market cap of $280.87 million, a P/E ratio of 8.47 and a beta of 2.35.

Hedge Funds Weigh In On Telesat

A number of large investors have recently added to or reduced their stakes in TSAT. JPMorgan Chase & Co. grew its holdings in shares of Telesat by 1,395.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,632 shares of the company’s stock worth $43,000 after buying an additional 2,456 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Telesat by 13.7% in the fourth quarter. Bank of America Corp DE now owns 7,360 shares of the company’s stock worth $121,000 after purchasing an additional 889 shares in the last quarter. Trexquant Investment LP acquired a new position in Telesat during the fourth quarter worth $223,000. Millennium Management LLC bought a new position in Telesat in the fourth quarter valued at $368,000. Finally, Squarepoint Ops LLC acquired a new stake in Telesat in the 4th quarter valued at $552,000.

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.