Somewhat Positive Media Coverage Somewhat Unlikely to Impact TESSCO Technologies (TESS) Stock Price
News stories about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TESSCO Technologies earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.9343859827155 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, Zacks Investment Research raised shares of TESSCO Technologies from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, July 21st.
TESSCO Technologies (NASDAQ TESS) traded down 0.40% on Wednesday, reaching $12.55. 2,663 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $13.34 and a 200-day moving average price of $13.89. The company has a market capitalization of $105.04 million, a P/E ratio of 52.29 and a beta of 1.25. TESSCO Technologies has a 1-year low of $9.75 and a 1-year high of $16.25.
TESSCO Technologies (NASDAQ:TESS) last released its earnings results on Tuesday, July 18th. The communications equipment provider reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. TESSCO Technologies had a net margin of 0.38% and a return on equity of 2.36%. The company had revenue of $140.01 million during the quarter, compared to analysts’ expectations of $126.68 million. Equities research analysts expect that TESSCO Technologies will post $0.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend was Monday, August 7th. TESSCO Technologies’s dividend payout ratio (DPR) is presently 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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