TESSCO Technologies (NASDAQ:TESS) Receiving Somewhat Favorable Media Coverage, Report Finds

News headlines about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TESSCO Technologies earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 48.6226867839735 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of TESSCO Technologies (NASDAQ TESS) traded down 0.38% during mid-day trading on Friday, hitting $13.20. 53,847 shares of the stock were exchanged. The company has a market cap of $110.48 million, a P/E ratio of 55.00 and a beta of 1.25. 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 $13.78 and its 200-day moving average price is $14.04.

TESSCO Technologies (NASDAQ:TESS) last issued its quarterly earnings results on Tuesday, July 18th. The communications equipment provider reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. TESSCO Technologies had a return on equity of 2.36% and a net margin of 0.38%. The firm had revenue of $140.01 million during the quarter, compared to the consensus estimate of $126.68 million. Equities research analysts anticipate that TESSCO Technologies will post $0.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 6.06%. The ex-dividend date is Monday, August 7th. TESSCO Technologies’s payout ratio is 320.00%.

Separately, Zacks Investment Research cut shares of TESSCO Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th.

COPYRIGHT VIOLATION WARNING: This story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/12/tessco-technologies-nasdaqtess-earns-coverage-optimism-score-of-0-12-updated.html.

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.

Insider Buying and Selling by Quarter for TESSCO Technologies (NASDAQ:TESS)

Receive News & Ratings for TESSCO Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TESSCO Technologies Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply