TESSCO Technologies (TESS) Earning Somewhat Favorable Media Coverage, Study Shows

Media headlines about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TESSCO Technologies earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 45.6641218184639 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of TESS traded down $0.04 during mid-day trading on Monday, hitting $17.66. The stock had a trading volume of 509 shares, compared to its average volume of 8,417. The firm has a market cap of $149.15 million, a price-to-earnings ratio of 29.50 and a beta of 1.29. TESSCO Technologies has a fifty-two week low of $12.15 and a fifty-two week high of $24.85.

TESSCO Technologies (NASDAQ:TESS) last issued its earnings results on Monday, July 16th. The communications equipment provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.17). The firm had revenue of $150.92 million during the quarter. TESSCO Technologies had a return on equity of 4.75% and a net margin of 0.87%.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st were given a $0.20 dividend. The ex-dividend date was Tuesday, July 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.53%.

TESS has been the subject of several research reports. ValuEngine upgraded TESSCO Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. TheStreet lowered TESSCO Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, June 14th.

In related news, Director Robert B. Barnhill, Jr. sold 6,143 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $18.04, for a total value of $110,819.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert B. Barnhill, Jr. sold 9,709 shares of the firm’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $17.69, for a total value of $171,752.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,818 shares of company stock valued at $917,842. Insiders own 27.60% of the company’s stock.

TESSCO Technologies Company Profile

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.

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

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