Analysts Offer Predictions for Globalstar, Inc.’s Q1 2025 Earnings (NYSE:GSAT)

Globalstar, Inc. (NYSE:GSAT) – Equities researchers at B. Riley issued their Q1 2025 earnings estimates for shares of Globalstar in a report issued on Friday, August 9th. B. Riley analyst M. Crawford anticipates that the company will post earnings of $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 (NYSE:GSAT) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $60.39 million during 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%.

Globalstar Trading Up 1.7 %

GSAT stock opened at $1.21 on Monday. The firm has a fifty day moving average price of $1.21 and a 200 day moving average price of $1.16. Globalstar has a fifty-two week low of $1.01 and a fifty-two week high of $2.13. The firm has a market cap of $2.30 billion, a PE ratio of -60.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.90 and a current ratio of 1.00.

Hedge Funds Weigh In On Globalstar

Several large investors have recently modified their holdings of GSAT. Vanguard Group Inc. boosted its stake in Globalstar by 2.1% during the first quarter. Vanguard Group Inc. now owns 73,234,084 shares of the company’s stock worth $107,654,000 after buying an additional 1,494,552 shares during the period. Anson Funds Management LP increased its position in Globalstar by 38.8% during the first quarter. Anson Funds Management LP now owns 10,835,267 shares of the company’s stock valued at $15,928,000 after acquiring an additional 3,028,923 shares during the last quarter. Plustick Management LLC increased its position in Globalstar by 4.7% during the fourth quarter. Plustick Management LLC now owns 9,949,000 shares of the company’s stock valued at $19,301,000 after acquiring an additional 450,000 shares during the last quarter. Ashford Capital Management Inc. increased its position in Globalstar by 1,551.7% during the first quarter. Ashford Capital Management Inc. now owns 7,027,954 shares of the company’s stock valued at $10,331,000 after acquiring an additional 6,602,454 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Globalstar by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,646,468 shares of the company’s stock valued at $10,954,000 after acquiring an additional 213,489 shares during the last quarter. Institutional investors own 18.89% of the company’s stock.

Insider Buying and Selling at Globalstar

In other Globalstar news, Director James Monroe III bought 4,510,855 shares of Globalstar stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost 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 filing with the SEC, which is accessible through the SEC website. 61.00% of the stock is owned by company insiders.

Globalstar Company Profile

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.