News headlines about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TESSCO Technologies earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 45.9439929015317 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
TESSCO Technologies (NASDAQ TESS) traded up $1.35 during mid-day trading on Friday, reaching $21.25. The company’s stock had a trading volume of 20,995 shares, compared to its average volume of 50,260. The stock has a market cap of $178.04, a price-to-earnings ratio of 62.50 and a beta of 1.31. TESSCO Technologies has a 1-year low of $12.15 and a 1-year high of $23.65.
TESSCO Technologies (NASDAQ:TESS) last posted its earnings results on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.11. The business had revenue of $145.08 million during the quarter, compared to analyst estimates of $141.97 million. TESSCO Technologies had a return on equity of 3.09% and a net margin of 0.51%. sell-side analysts predict that TESSCO Technologies will post 0.48 earnings per share for the current fiscal year.
TESS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered TESSCO Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. TheStreet raised TESSCO Technologies from a “c+” rating to a “b-” rating in a report on Monday, December 11th.
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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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