TESSCO Technologies Incorporated (TESS) Issues Earnings Results, Beats Expectations By $0.11 EPS
TESSCO Technologies Incorporated (NASDAQ:TESS) posted its quarterly earnings data on Monday. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11, Bloomberg Earnings reports. TESSCO Technologies had a net margin of 0.38% and a return on equity of 2.36%.
Shares of TESSCO Technologies (TESS) traded up 0.38% during trading on Monday, reaching $13.20. 11,374 shares of the company’s stock were exchanged. TESSCO Technologies has a 12 month low of $9.75 and a 12 month high of $16.25. The firm has a market cap of $110.48 million, a price-to-earnings ratio of 55.00 and a beta of 1.20. The stock has a 50-day moving average price of $12.89 and a 200 day moving average price of $13.62.
Separately, Zacks Investment Research downgraded shares of TESSCO Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th.
TESSCO Technologies Company Profile
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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