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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley lifted its holdings in TESSCO Technologies by 29.3% in the 1st quarter. Morgan Stanley now owns 12,296 shares of the communications equipment provider’s stock worth $190,000 after purchasing an additional 2,790 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in TESSCO Technologies by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 445,900 shares of the communications equipment provider’s stock worth $6,903,000 after purchasing an additional 4,700 shares in the last quarter. Tieton Capital Management LLC lifted its holdings in TESSCO Technologies by 10.4% in the 1st quarter. Tieton Capital Management LLC now owns 330,429 shares of the communications equipment provider’s stock worth $5,115,000 after purchasing an additional 31,250 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in TESSCO Technologies by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 628,643 shares of the communications equipment provider’s stock worth $9,731,000 after purchasing an additional 12,995 shares in the last quarter. Finally, Crawford Investment Counsel Inc. lifted its holdings in TESSCO Technologies by 3.4% in the 1st quarter. Crawford Investment Counsel Inc. now owns 293,566 shares of the communications equipment provider’s stock worth $4,544,000 after purchasing an additional 9,609 shares in the last quarter. 59.07% of the stock is currently owned by institutional investors.

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)

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