Telesat (TSAT) Projected to Post Quarterly Earnings on Thursday

Telesat (NASDAQ:TSAT) is expected to be announcing its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of ($0.82) per share and revenue of $55.9010 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, August 5, 2026 at 10:00 AM ET.

Telesat (NASDAQ:TSAT) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($2.21) EPS for the quarter, missing the consensus estimate of ($0.67) by ($1.54). The firm had revenue of $62.62 million during the quarter, compared to the consensus estimate of $62.03 million. Telesat had a negative return on equity of 4.02% and a negative net margin of 47.57%. On average, analysts expect Telesat to post $-4 EPS for the current fiscal year and $-4 EPS for the next fiscal year.

Telesat Stock Down 7.0%

Telesat stock opened at $34.41 on Thursday. The stock has a market cap of $510.64 million, a PE ratio of -3.81 and a beta of 2.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.25. Telesat has a one year low of $19.59 and a one year high of $59.12. The stock has a fifty day moving average of $45.11 and a 200 day moving average of $40.57.

Institutional Trading of Telesat

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased 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 buying an additional 40,919 shares in the last quarter. PenderFund Capital Management Ltd. lifted its position in shares of Telesat by 307.3% in the third quarter. PenderFund Capital Management Ltd. now owns 409,753 shares of the company’s stock valued at $10,512,000 after acquiring an additional 309,153 shares in the last quarter. Senvest Management LLC lifted its position in shares of Telesat by 261.5% in the fourth quarter. Senvest Management LLC now owns 134,668 shares of the company’s stock valued at $3,919,000 after acquiring an additional 97,411 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Telesat by 245.4% in the fourth quarter. Millennium Management LLC now owns 128,472 shares of the company’s stock worth $3,739,000 after acquiring an additional 91,272 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its stake in shares of Telesat by 83.0% in the third quarter. Polar Asset Management Partners Inc. now owns 105,225 shares of the company’s stock worth $2,779,000 after acquiring an additional 47,725 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research cut Telesat from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Scotiabank began coverage on Telesat in a report on Monday, July 13th. They issued a “hold” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telesat in a research report on Thursday, June 18th. Stifel Nicolaus began coverage on Telesat in a report on Thursday, July 16th. They set a “buy” rating for the company. Finally, Wall Street Zen cut Telesat from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $33.50.

Telesat Company Profile

Telesat is a leading global satellite operator that designs, builds and delivers high-performance satellite communications solutions across multiple markets. The company operates a fleet of geostationary satellites to provide video distribution, data networking and managed broadband services to media companies, network operators, governments and enterprise customers. Telesat’s infrastructure supports television distribution, cellular backhaul, rural broadband and corporate network applications.

In addition to its geostationary offerings, Telesat is developing a low Earth orbit (LEO) satellite constellation known as Lightspeed.