News articles about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news 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 coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 46.5016017777007 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities research analysts have issued reports on TESS shares. Zacks Investment Research raised TESSCO Technologies from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Saturday, January 27th. TheStreet raised TESSCO Technologies from a “c+” rating to a “b-” rating in a report on Monday, December 11th.
Shares of TESSCO Technologies (NASDAQ:TESS) traded up $1.00 during trading on Friday, reaching $23.80. The company’s stock had a trading volume of 23,260 shares, compared to its average volume of 33,434. TESSCO Technologies has a fifty-two week low of $12.15 and a fifty-two week high of $24.20. The firm has a market cap of $191.25, a P/E ratio of 62.63 and a beta of 1.37.
TESSCO Technologies (NASDAQ:TESS) last announced its quarterly earnings results on Tuesday, January 23rd. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.11. TESSCO Technologies had a return on equity of 3.43% and a net margin of 0.57%. The business had revenue of $146.26 million during the quarter, compared to the consensus estimate of $144.00 million.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, February 13th. TESSCO Technologies’s dividend payout ratio is 210.53%.
In other TESSCO Technologies news, Director Morton Zifferer sold 3,235 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $22.60, for a total transaction of $73,111.00. Following the completion of the sale, the director now owns 77,839 shares of the company’s stock, valued at approximately $1,759,161.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 26.90% of the company’s stock.
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About TESSCO Technologies
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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