TESSCO Technologies, Inc. (NASDAQ:TESS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned TESSCO Technologies an industry rank of 162 out of 256 based on the ratings given to its competitors.
TESS has been the subject of a number of research analyst reports. TheStreet lowered TESSCO Technologies from a “b-” rating to a “c” rating in a report on Tuesday, July 23rd. Zacks Investment Research lowered TESSCO Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, July 26th. Finally, ValuEngine lowered TESSCO Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 19th.
Shares of TESS stock traded down $0.25 during trading hours on Monday, reaching $14.09. 26,821 shares of the company’s stock were exchanged, compared to its average volume of 75,186. TESSCO Technologies has a fifty-two week low of $10.20 and a fifty-two week high of $20.00. The company has a market capitalization of $117.76 million, a PE ratio of 47.65 and a beta of 1.28. The business’s fifty day simple moving average is $17.01. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.02.
TESSCO Technologies (NASDAQ:TESS) last issued its quarterly earnings results on Monday, July 22nd. The communications equipment provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.21). TESSCO Technologies had a return on equity of 2.21% and a net margin of 0.32%. The business had revenue of $130.73 million for the quarter, compared to analyst estimates of $152.00 million. Equities research analysts forecast that TESSCO Technologies will post 0.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.68%. TESSCO Technologies’s dividend payout ratio (DPR) is presently 123.08%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in shares of TESSCO Technologies by 12.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,432 shares of the communications equipment provider’s stock valued at $100,000 after purchasing an additional 728 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of TESSCO Technologies during the second quarter valued at approximately $32,000. Dimensional Fund Advisors LP increased its position in shares of TESSCO Technologies by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 615,648 shares of the communications equipment provider’s stock valued at $7,388,000 after purchasing an additional 2,576 shares during the period. Tieton Capital Management LLC increased its position in shares of TESSCO Technologies by 1.1% during the second quarter. Tieton Capital Management LLC now owns 334,039 shares of the communications equipment provider’s stock valued at $5,966,000 after purchasing an additional 3,610 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of TESSCO Technologies during the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 58.80% of the company’s stock.
TESSCO Technologies Company Profile
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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