Shares of TESSCO Technologies, Inc. (NASDAQ:TESS) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also assigned TESSCO Technologies an industry rank of 104 out of 256 based on the ratings given to related companies.
TESS has been the subject of several research reports. ValuEngine lowered shares of TESSCO Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Zacks Investment Research lowered shares of TESSCO Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 11th. Finally, TheStreet upgraded shares of TESSCO Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 1st.
Shares of NASDAQ:TESS traded up $0.08 on Tuesday, hitting $17.88. The company had a trading volume of 10 shares, compared to its average volume of 41,960. TESSCO Technologies has a 1 year low of $10.20 and a 1 year high of $20.00. The stock has a market cap of $150.64 million, a price-to-earnings ratio of 27.51 and a beta of 1.40.
TESSCO Technologies (NASDAQ:TESS) last posted its earnings results on Monday, May 6th. The communications equipment provider reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.10). TESSCO Technologies had a return on equity of 5.11% and a net margin of 0.91%. The company had revenue of $144.96 million during the quarter, compared to analysts’ expectations of $147.88 million. On average, equities research analysts expect that TESSCO Technologies will post 0.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be paid a $0.20 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $0.80 annualized dividend and a dividend yield of 4.47%. TESSCO Technologies’s payout ratio is 123.08%.
Several institutional investors have recently modified their holdings of the stock. Deprince Race & Zollo Inc. increased its stake in shares of TESSCO Technologies by 1.9% in the 4th quarter. Deprince Race & Zollo Inc. now owns 880,552 shares of the communications equipment provider’s stock worth $10,567,000 after acquiring an additional 16,026 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in TESSCO Technologies by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 628,643 shares of the communications equipment provider’s stock valued at $9,731,000 after purchasing an additional 12,995 shares in the last quarter. Renaissance Technologies LLC increased its stake in TESSCO Technologies by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 445,900 shares of the communications equipment provider’s stock valued at $6,903,000 after purchasing an additional 4,700 shares in the last quarter. Tieton Capital Management LLC increased its stake in TESSCO Technologies by 10.4% during the 1st quarter. Tieton Capital Management LLC now owns 330,429 shares of the communications equipment provider’s stock valued at $5,115,000 after purchasing an additional 31,250 shares in the last quarter. Finally, 22NW LP increased its stake in TESSCO Technologies by 14.1% during the 4th quarter. 22NW LP now owns 314,639 shares of the communications equipment provider’s stock valued at $3,776,000 after purchasing an additional 38,770 shares in the last quarter. Institutional investors own 59.04% 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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