TESSCO Technologies (TESS) Getting Somewhat Positive Press Coverage, Analysis Shows

News coverage about TESSCO Technologies (NASDAQ:TESS) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TESSCO Technologies earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 47.506025986186 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

TESSCO Technologies (NASDAQ TESS) opened at $14.70 on Tuesday. The stock has a market capitalization of $124.42, a P/E ratio of 38.08 and a beta of 1.29. TESSCO Technologies has a 1 year low of $10.75 and a 1 year high of $18.00.

TESSCO Technologies (NASDAQ:TESS) last issued its quarterly earnings results on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.11. The company had revenue of $145.08 million for the quarter, compared to the consensus estimate of $141.97 million. TESSCO Technologies had a return on equity of 3.09% and a net margin of 0.51%. analysts expect that TESSCO Technologies will post 0.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.20 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.80 annualized dividend and a dividend yield of 5.44%. TESSCO Technologies’s dividend payout ratio (DPR) is presently 235.29%.

Separately, Zacks Investment Research upgraded TESSCO Technologies from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, July 21st.

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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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