TESSCO Technologies (TESS) Earning Somewhat Positive News Coverage, Report Shows

News stories about TESSCO Technologies (NASDAQ:TESS) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest 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, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of TESSCO Technologies (NASDAQ:TESS) traded up $1.35 on Friday, reaching $21.25. The company had a trading volume of 20,995 shares, compared to its average volume of 50,260. TESSCO Technologies has a 52 week low of $12.15 and a 52 week high of $23.65. 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 (NASDAQ:TESS) last announced its quarterly earnings data on Monday, October 23rd. The communications equipment provider reported $0.21 earnings per share 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 analyst estimates of $141.97 million. sell-side analysts expect that TESSCO Technologies will post 0.48 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. 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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