What is B. Riley’s Estimate for Globalstar FY2026 Earnings?

Globalstar, Inc. (NYSE:GSAT) – Equities researchers at B. Riley issued their FY2026 earnings per share (EPS) estimates for Globalstar in a note issued to investors on Wednesday, December 18th. B. Riley analyst M. Crawford forecasts that the company will post earnings of $0.01 per share for the year. The consensus estimate for Globalstar’s current full-year earnings is ($0.01) per share. B. Riley also issued estimates for Globalstar’s FY2027 earnings at $0.03 EPS.

Separately, StockNews.com raised shares of Globalstar from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Globalstar Stock Up 3.7 %

NYSE GSAT opened at $1.95 on Thursday. The stock has a 50-day moving average of $1.95. The company has a market capitalization of $3.69 billion, a P/E ratio of -65.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99. Globalstar has a 52 week low of $1.00 and a 52 week high of $2.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd lifted its position in Globalstar by 3,472.7% in the third quarter. XTX Topco Ltd now owns 976,353 shares of the company’s stock worth $1,211,000 after buying an additional 949,025 shares during the last quarter. FMR LLC boosted its stake in shares of Globalstar by 32.7% during the third quarter. FMR LLC now owns 4,473,492 shares of the company’s stock valued at $5,547,000 after purchasing an additional 1,102,776 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Globalstar by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,186,012 shares of the company’s stock worth $7,671,000 after purchasing an additional 196,644 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Globalstar by 26.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 328,298 shares of the company’s stock worth $407,000 after buying an additional 68,599 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Globalstar during the third quarter worth approximately $56,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

Insider Transactions at Globalstar

In other Globalstar news, Director James Monroe III bought 530,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $1.90 per share, with a total value of $1,007,000.00. Following the completion of the acquisition, the director now owns 6,834,090 shares in the company, valued at $12,984,771. This trade represents a 8.41 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy Evan Taylor sold 3,500,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $2.22, for a total transaction of $7,770,000.00. Following the completion of the sale, the vice president now owns 6,383,649 shares in the company, valued at approximately $14,171,700.78. This trade represents a 35.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 1,530,000 shares of company stock valued at $2,987,000 and sold 3,666,312 shares valued at $8,104,313. Corporate insiders own 61.00% of the company’s stock.

Globalstar Company Profile

GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar’s products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service.