TESSCO Technologies (TESS) Receiving Somewhat Favorable News Coverage, Analysis Finds
News articles about TESSCO Technologies (NASDAQ:TESS) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TESSCO Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 48.733463535737 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, Zacks Investment Research upgraded shares of TESSCO Technologies from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, July 21st.
TESSCO Technologies (NASDAQ TESS) remained flat at $13.35 during mid-day trading on Tuesday. The stock had a trading volume of 6,290 shares. The company’s 50 day moving average price is $13.84 and its 200 day moving average price is $14.06. The stock has a market capitalization of $113.96 million, a PE ratio of 55.86 and a beta of 1.25. TESSCO Technologies has a 52 week low of $9.75 and a 52 week high of $16.25.
TESSCO Technologies (NASDAQ:TESS) last issued its quarterly earnings data on Tuesday, July 18th. The communications equipment provider reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. TESSCO Technologies had a net margin of 0.38% and a return on equity of 2.36%. The firm had revenue of $140.01 million for the quarter, compared to analyst estimates of $126.68 million. On average, analysts predict that TESSCO Technologies will post $0.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Monday, August 7th. TESSCO Technologies’s dividend payout ratio is currently 320.00%.
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TESSCO Technologies Company Profile
TESSCO Technologies Incorporated architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.
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