Zacks: TESSCO Technologies Incorporated (TESS) Receives Consensus Recommendation of “Hold” from Analysts
Shares of TESSCO Technologies Incorporated (NASDAQ:TESS) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also given TESSCO Technologies an industry rank of 74 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of TESSCO Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Friday, October 27th.
Shares of TESSCO Technologies (NASDAQ TESS) opened at $17.00 on Friday. TESSCO Technologies has a 12-month low of $11.40 and a 12-month high of $18.00. The stock has a market capitalization of $147.46, a price-to-earnings ratio of 45.13 and a beta of 1.29.
TESSCO Technologies (NASDAQ:TESS) last announced its earnings results on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.11. The business had revenue of $145.08 million during the quarter, compared to analyst estimates of $141.97 million. TESSCO Technologies had a net margin of 0.51% and a return on equity of 3.09%. analysts expect that TESSCO Technologies will post 0.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a $0.20 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.80 annualized dividend and a dividend yield of 4.71%. TESSCO Technologies’s dividend payout ratio is presently 235.29%.
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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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