Telesat (NASDAQ:TSAT) Issues Earnings Results

Telesat (NASDAQ:TSAT) posted its quarterly earnings data on Tuesday. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of ($0.70) by $1.23, Zacks reports. Telesat had a negative return on equity of 3.16% and a net margin of 7.99%.

Telesat Stock Performance

Telesat stock traded up $0.53 during midday trading on Tuesday, hitting $16.53. 27,618 shares of the company’s stock were exchanged, compared to its average volume of 56,052. The firm’s 50 day simple moving average is $18.28 and its 200 day simple moving average is $16.80. Telesat has a 12-month low of $7.02 and a 12-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 stock has a market cap of $225.42 million, a price-to-earnings ratio of 6.78 and a beta of 2.02.

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.