Somewhat Favorable Media Coverage Somewhat Unlikely to Affect TESSCO Technologies (TESS) Share Price
News headlines about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty 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 news impact score of 0.22 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 47.3359063749258 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
TESSCO Technologies (NASDAQ TESS) traded down 1.15% on Friday, reaching $12.95. The company’s stock had a trading volume of 5,477 shares. TESSCO Technologies has a 52-week low of $9.75 and a 52-week high of $16.25. The stock’s 50 day moving average price is $13.59 and its 200 day moving average price is $13.96. The firm has a market cap of $108.39 million, a PE ratio of 53.96 and a beta of 1.25.
TESSCO Technologies (NASDAQ:TESS) last announced its quarterly earnings data on Tuesday, July 18th. The communications equipment provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $140.01 million for the quarter, compared to analyst estimates of $126.68 million. TESSCO Technologies had a return on equity of 2.36% and a net margin of 0.38%. Equities research analysts expect that TESSCO Technologies will post $0.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, August 7th. This represents a $0.80 annualized dividend and a dividend yield of 6.11%. TESSCO Technologies’s dividend payout ratio (DPR) is presently 320.00%.
Separately, Zacks Investment Research upgraded TESSCO Technologies from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday, July 21st.
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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