TESSCO Technologies (NASDAQ:TESS) Receiving Somewhat Favorable Media Coverage, Report Finds

News stories about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TESSCO Technologies earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.5331933933083 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

Separately, Zacks Investment Research lowered TESSCO Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th.

TESSCO Technologies (NASDAQ TESS) traded up $0.40 during trading hours on Tuesday, hitting $17.75. The stock had a trading volume of 23,755 shares, compared to its average volume of 22,406. TESSCO Technologies has a 52-week low of $11.88 and a 52-week high of $18.00. The firm has a market cap of $143.27, a PE ratio of 43.85 and a beta of 1.31.

TESSCO Technologies (NASDAQ:TESS) last released its quarterly earnings results on Monday, October 23rd. The communications equipment provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.11. The firm had revenue of $145.08 million for the quarter, compared to analyst estimates of $141.97 million. TESSCO Technologies had a net margin of 0.51% and a return on equity of 3.09%. equities research analysts anticipate that TESSCO Technologies will post 0.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.80 dividend on an annualized basis and a yield of 4.51%. TESSCO Technologies’s dividend payout ratio (DPR) is presently 235.29%.

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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.

Insider Buying and Selling by Quarter for TESSCO Technologies (NASDAQ:TESS)

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