TESSCO Technologies - TESS Stock Forecast, Price & News

TESSCO Technologies' stock was trading at $4.90 at the beginning of 2023. Since then, TESS shares have decreased by 0.2% and is now trading at $4.89.
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TESSCO Technologies saw a increase in short interest in January. As of January 15th, there was short interest totaling 10,500 shares, an increase of 377.3% from the December 31st total of 2,200 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company's shares are sold short.
View TESSCO Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our TESS earnings forecast.

TESSCO Technologies Incorporated (NASDAQ:TESS) announced its quarterly earnings results on Wednesday, October, 27th. The communications equipment provider reported ($0.14) EPS for the quarter, beating analysts' consensus estimates 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 net margin of 0.16% and a trailing twelve-month return on equity of 1.09%. During the same period in the previous year, the company earned ($0.03) earnings per share.

TESSCO Technologies issued an update on its third quarter 2023 earnings guidance on Tuesday, January, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $113.00 million-$115.00 million, compared to the consensus revenue estimate of $114.57 million.

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 variety of institutional and retail investors. Top institutional investors include Legato Capital Management LLC (0.11%). Insiders that own company stock include Cathy-Ann Martine-Dolecki, J Timothy Bryan, Kathleen Mclean, Lakeview Investment Group & Tr and Paul J Gaffney.
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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 $4.89.

TESSCO Technologies (NASDAQ:TESS) has a market capitalization of $45.04 million and generates $417.55 million in revenue each year. The communications equipment provider earns $-2,700,000.00 in net income (profit) each year or $0.07 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.