TESSCO Technologies, Inc. (NASDAQ:TESS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also given TESSCO Technologies an industry rank of 70 out of 257 based on the ratings given to its competitors.
TESS has been the subject of a number of recent research reports. William Blair reiterated a “buy” rating on shares of TESSCO Technologies in a report on Tuesday, November 20th. ValuEngine downgraded shares of TESSCO Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th.
TESS opened at $12.01 on Friday. TESSCO Technologies has a twelve month low of $11.01 and a twelve month high of $24.85. The stock has a market cap of $103.38 million, a P/E ratio of 21.84 and a beta of 1.41.
TESSCO Technologies (NASDAQ:TESS) last released its quarterly earnings results on Thursday, October 25th. The communications equipment provider reported $0.14 earnings per share for the quarter. TESSCO Technologies had a net margin of 0.75% and a return on equity of 4.20%. The firm had revenue of $158.64 million during the quarter. Analysts forecast that TESSCO Technologies will post 0.62 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 13th. This represents a $0.80 dividend on an annualized basis and a yield of 6.66%. TESSCO Technologies’s payout ratio is 145.45%.
Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in TESSCO Technologies by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 445,500 shares of the communications equipment provider’s stock valued at $7,707,000 after acquiring an additional 65,801 shares during the last quarter. Putnam Investments LLC acquired a new stake in TESSCO Technologies in the 2nd quarter valued at about $1,730,000. Dimensional Fund Advisors LP raised its holdings in TESSCO Technologies by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 602,618 shares of the communications equipment provider’s stock valued at $10,425,000 after acquiring an additional 57,479 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in TESSCO Technologies in the 2nd quarter valued at about $588,000. Finally, Tower Research Capital LLC TRC raised its holdings in TESSCO Technologies by 732.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,849 shares of the communications equipment provider’s stock valued at $102,000 after acquiring an additional 5,146 shares during the last quarter. Institutional investors own 64.66% of the company’s stock.
About TESSCO Technologies
TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as program management, connector installation, custom jumper assembly, site kitting, and logistics integration services.
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