Zacks: TESSCO Technologies, Inc. (TESS) Receives Consensus Recommendation of “Strong Buy” from Brokerages
TESSCO Technologies, Inc. (NASDAQ:TESS) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned TESSCO Technologies an industry rank of 106 out of 256 based on the ratings given to its competitors.
A number of brokerages recently issued reports on TESS. ValuEngine downgraded TESSCO Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded TESSCO Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 11th. Finally, TheStreet upgraded TESSCO Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 1st.
Shares of NASDAQ:TESS opened at $18.38 on Monday. The company has a market cap of $136.38 million, a P/E ratio of 28.28 and a beta of 1.40. TESSCO Technologies has a 12-month low of $10.20 and a 12-month high of $20.00.
TESSCO Technologies (NASDAQ:TESS) last announced its quarterly earnings data on Monday, May 6th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). The company had revenue of $144.96 million for the quarter, compared to the consensus estimate of $147.88 million. TESSCO Technologies had a net margin of 0.91% and a return on equity of 5.11%. On average, research analysts predict that TESSCO Technologies will post 0.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a $0.20 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $0.80 dividend on an annualized basis and a yield of 4.35%. TESSCO Technologies’s dividend payout ratio is presently 123.08%.
About TESSCO Technologies
TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as program management, connector installation, custom jumper assembly, site kitting, and logistics integration services.
See Also: Price to Earnings Ratio (PE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TESSCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TESSCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.