Globalstar, Inc. (NYSE:GSAT) Expected to Post Q1 2025 Earnings of $0.00 Per Share

Globalstar, Inc. (NYSE:GSAT) – Investment analysts at B. Riley issued their Q1 2025 earnings per share (EPS) estimates for shares of Globalstar in a report released on Friday, August 9th. B. Riley analyst M. Crawford forecasts that the company will earn $0.00 per share for the quarter. The consensus estimate for Globalstar’s current full-year earnings is ($0.02) per share. B. Riley also issued estimates for Globalstar’s Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS and Q4 2025 earnings at $0.00 EPS.

Globalstar Stock Performance

GSAT opened at $1.21 on Monday. The stock has a market cap of $2.30 billion, a P/E ratio of -60.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.00 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.16. Globalstar has a 1-year low of $1.01 and a 1-year high of $2.13.

Globalstar (NYSE:GSAT) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $60.39 million for the quarter, compared to analysts’ expectations of $57.49 million. Globalstar had a negative return on equity of 11.66% and a negative net margin of 19.14%.

Institutional Investors Weigh In On Globalstar

A number of large investors have recently bought and sold shares of GSAT. Vanguard Group Inc. lifted its stake in shares of Globalstar by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 71,739,532 shares of the company’s stock worth $139,175,000 after purchasing an additional 2,547,398 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Globalstar by 8.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 697,461 shares of the company’s stock worth $1,026,000 after purchasing an additional 55,368 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Globalstar by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,646,468 shares of the company’s stock worth $10,954,000 after purchasing an additional 213,489 shares during the period. Wolf Hill Capital Management LP purchased a new position in shares of Globalstar during the 4th quarter worth $4,324,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Globalstar by 10.1% during the 4th quarter. New York State Common Retirement Fund now owns 246,519 shares of the company’s stock worth $478,000 after purchasing an additional 22,624 shares during the period. Institutional investors and hedge funds own 18.89% of the company’s stock.

Insider Buying and Selling

In other news, Director James Monroe III purchased 4,510,855 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of $1.06 per share, for a total transaction of $4,781,506.30. Following the acquisition, the director now directly owns 8,708,254 shares in the company, valued at approximately $9,230,749.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 61.00% of the company’s stock.

About Globalstar

Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications.