Media coverage about TESSCO Technologies (NASDAQ:TESS) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TESSCO Technologies earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 46.8081323679721 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
Shares of TESSCO Technologies (NASDAQ TESS) traded down $0.10 during trading on Wednesday, hitting $21.35. The stock had a trading volume of 48,400 shares, compared to its average volume of 39,883. The company has a market capitalization of $179.93, a price-to-earnings ratio of 56.19 and a beta of 1.37. TESSCO Technologies has a 12 month low of $12.15 and a 12 month high of $23.65.
TESSCO Technologies (NASDAQ:TESS) last issued its quarterly earnings results on Tuesday, January 23rd. The communications equipment provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.11. The company had revenue of $146.26 million for the quarter, compared to analyst estimates of $144.00 million. TESSCO Technologies had a return on equity of 3.43% and a net margin of 0.57%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, February 13th. TESSCO Technologies’s dividend payout ratio is currently 210.53%.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded TESSCO Technologies from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday, January 27th. TheStreet upgraded TESSCO Technologies from a “c+” rating to a “b-” rating in a report on Monday, December 11th.
In related news, Director Morton Zifferer sold 3,235 shares of TESSCO Technologies stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $22.60, for a total value of $73,111.00. Following the sale, the director now owns 77,839 shares of the company’s stock, valued at $1,759,161.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.90% of the stock is currently owned by insiders.
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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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