Shares of TESSCO Technologies, Inc. (NASDAQ:TESS) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also given TESSCO Technologies an industry rank of 178 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently weighed in on TESS. Zacks Investment Research upgraded TESSCO Technologies from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Saturday. TheStreet upgraded TESSCO Technologies from a “c+” rating to a “b-” rating in a report on Monday, December 11th.
Shares of TESSCO Technologies (NASDAQ:TESS) traded up $0.55 during midday trading on Monday, hitting $23.00. The stock had a trading volume of 61,189 shares, compared to its average volume of 50,826. TESSCO Technologies has a 1-year low of $12.15 and a 1-year high of $23.65. The company has a market cap of $183.90, a P/E ratio of 60.53 and a beta of 1.31.
TESSCO Technologies (NASDAQ:TESS) last issued its quarterly earnings results on Tuesday, January 23rd. The communications equipment provider reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.11. TESSCO Technologies had a return on equity of 3.43% and a net margin of 0.57%. The business had revenue of $146.26 million during the quarter, compared to the consensus estimate of $144.00 million. research analysts anticipate that TESSCO Technologies will post 0.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.48%. TESSCO Technologies’s dividend payout ratio (DPR) is 210.53%.
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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