Zacks: TESSCO Technologies, Inc. (NASDAQ:TESS) Given Average Recommendation of “Strong Buy” by Brokerages
Shares of TESSCO Technologies, Inc. (NASDAQ:TESS) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned TESSCO Technologies an industry rank of 91 out of 254 based on the ratings given to its competitors.
Several brokerages have issued reports on TESS. ValuEngine raised shares of TESSCO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 1st. Zacks Investment Research raised shares of TESSCO Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 1st.
TESS stock opened at $4.70 on Friday. TESSCO Technologies has a 52 week low of $4.12 and a 52 week high of $19.64. The firm has a market capitalization of $40.61 million, a P/E ratio of -1.86 and a beta of 1.24. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of $5.39 and a two-hundred day simple moving average of $7.22.
TESSCO Technologies (NASDAQ:TESS) last announced its earnings results on Tuesday, May 12th. The communications equipment provider reported ($1.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($1.60). TESSCO Technologies had a negative return on equity of 6.36% and a negative net margin of 3.99%. The business had revenue of $128.18 million for the quarter, compared to analyst estimates of $128.86 million. As a group, analysts anticipate that TESSCO Technologies will post -1.59 EPS for the current year.
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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