Brokerages Anticipate TESSCO Technologies, Inc. (TESS) to Post $0.08 Earnings Per Share

Shares of TESSCO Technologies, Inc. (NASDAQ:TESS) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Zacks has also given TESSCO Technologies an industry rank of 81 out of 265 based on the ratings given to its competitors.

Several brokerages have issued reports on TESS. TheStreet upgraded TESSCO Technologies from a “c+” rating to a “b-” rating in a report on Monday, December 11th. Zacks Investment Research upgraded TESSCO Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Friday, October 27th.

Shares of TESSCO Technologies (NASDAQ:TESS) opened at $17.40 on Friday. TESSCO Technologies has a fifty-two week low of $12.15 and a fifty-two week high of $18.00. The stock has a market capitalization of $147.05, a PE ratio of 51.18 and a beta of 1.31.

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

Several institutional investors have recently made changes to their positions in TESS. Russell Investments Group Ltd. increased its holdings in shares of TESSCO Technologies by 4.0% in the second quarter. Russell Investments Group Ltd. now owns 26,517 shares of the communications equipment provider’s stock worth $353,000 after acquiring an additional 1,031 shares in the last quarter. Crawford Investment Counsel Inc. grew its holdings in shares of TESSCO Technologies by 1.4% during the second quarter. Crawford Investment Counsel Inc. now owns 87,101 shares of the communications equipment provider’s stock worth $1,158,000 after buying an additional 1,226 shares in the last quarter. HPM Partners LLC grew its holdings in shares of TESSCO Technologies by 22.2% during the second quarter. HPM Partners LLC now owns 25,054 shares of the communications equipment provider’s stock worth $1,920,000 after buying an additional 4,554 shares in the last quarter. Northern Trust Corp grew its holdings in shares of TESSCO Technologies by 1.8% during the second quarter. Northern Trust Corp now owns 71,148 shares of the communications equipment provider’s stock worth $945,000 after buying an additional 1,228 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of TESSCO Technologies by 62.6% during the second quarter. Vanguard Group Inc. now owns 314,667 shares of the communications equipment provider’s stock worth $4,185,000 after buying an additional 121,192 shares in the last quarter. Institutional investors own 58.25% of the company’s stock.

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TESSCO Technologies Company Profile

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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