Media headlines about TESSCO Technologies (NASDAQ:TESS) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TESSCO Technologies earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 45.9471927404754 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
Separately, Zacks Investment Research upgraded TESSCO Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Friday, October 27th.
Shares of TESSCO Technologies (NASDAQ TESS) opened at $17.85 on Friday. TESSCO Technologies has a 52-week low of $11.88 and a 52-week high of $18.00. The stock has a market capitalization of $149.55, a PE ratio of 45.77 and a beta of 1.31.
TESSCO Technologies (NASDAQ:TESS) last announced its earnings results on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.11. TESSCO Technologies had a return on equity of 3.09% and a net margin of 0.51%. The business had revenue of $145.08 million for the quarter, compared to analyst estimates of $141.97 million. analysts predict that TESSCO Technologies will post 0.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Tuesday, November 7th. TESSCO Technologies’s payout ratio is 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.
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