TESSCO Technologies (TESS) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TESSCO Technologies in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TESS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TESS, but not buy additional shares or sell existing shares.
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TESSCO Technologies' stock was trading at $4.90 at the beginning of the year. Since then, TESS stock has increased by 80.8% and is now trading at $8.86.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our TESS earnings forecast.

TESSCO Technologies Incorporated (NASDAQ:TESS) issued its earnings results on Wednesday, October, 27th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The communications equipment provider earned $108.54 million during the quarter, compared to analyst estimates of $101.50 million. TESSCO Technologies had a negative trailing twelve-month return on equity of 5.99% and a negative net margin of 0.96%. During the same period in the previous year, the business posted ($0.03) earnings per share.

8 employees have rated TESSCO Technologies Chief Executive Officer Sandip Murkejee on Glassdoor.com. Sandip Murkejee has an approval rating of 57% among the company's employees. This puts Sandip Murkejee in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TESSCO Technologies investors own include Energy Transfer (ET), Ford Motor (F), Martin Midstream Partners (MMLP), AT&T (T), Alamos Gold (AGI), CBL & Associates Properties (CBL), PhenixFIN (MCC), NGL Energy Partners (NGL), SandRidge Permian Trust (PER) and TELUS (TU).

TESSCO Technologies trades on the NASDAQ under the ticker symbol "TESS."

TESSCO Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Tieton Capital Management LLC (4.90%), BlackRock Inc. (4.45%), Dimensional Fund Advisors LP (4.16%), Moors & Cabot Inc. (0.32%), Two Sigma Advisers LP (0.13%) and Bank of America Corp DE (0.06%). Insiders that own company stock include Cathy-Ann Martine-Dolecki, J Timothy Bryan, Kathleen Mclean, Lakeview Investment Group & Tr, Paul J Gaffney and Robert B Barnhill Jr.
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Shares of TESS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TESS stock can currently be purchased for approximately $8.86.

TESSCO Technologies (NASDAQ:TESS) has a market capitalization of $81.96 million and generates $452.07 million in revenue each year. The communications equipment provider earns $-4,350,000.00 in net income (profit) each year or ($0.47) on an earnings per share basis.

The company employs 589 workers across the globe.

TESSCO Technologies' mailing address is 11126 McCormick Road, Hunt Valley MD, 21031. The official website for the company is www.tessco.com. The communications equipment provider can be reached via phone at (410) 229-1000, via email at tess@investorrelations.com, or via fax at 410-527-0005.