NASDAQ:TESS TESSCO Technologies - TESS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding TESSCO Technologies Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. $4.89 +0.04 (+0.82%) (As of 02/1/2023 12:00 AM ET) Add Compare Share Share Today's Range$4.86▼$4.9950-Day Range$4.64▼$5.1152-Week Range$4.03▼$6.50Volume14,038 shsAverage Volume11,489 shsMarket Capitalization$45.04 millionP/E Ratio69.87Dividend YieldN/APrice TargetN/A ProfileChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media TESSCO Technologies MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy0.20% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.06Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.34) to ($0.29) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.62 out of 5 starsComputer And Technology Sector517th out of 614 stocksElectronic Parts & Equipment, Not Elsewhere Classified Industry8th out of 9 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for TESSCO Technologies. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.20% of the float of TESSCO Technologies has been sold short.Short Interest Ratio / Days to CoverTESSCO Technologies has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TESSCO Technologies has recently increased by 377.27%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldTESSCO Technologies does not currently pay a dividend.Dividend GrowthTESSCO Technologies does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TESS. Previous Next 1.7 News and Social Media Coverage News SentimentTESSCO Technologies has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for TESSCO Technologies this week, compared to 1 article on an average week. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TESSCO Technologies insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.80% of the stock of TESSCO Technologies is held by insiders.Percentage Held by InstitutionsOnly 28.55% of the stock of TESSCO Technologies is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for TESSCO Technologies are expected to grow in the coming year, from ($0.34) to ($0.29) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TESSCO Technologies is 69.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.61.Price to Earnings Ratio vs. SectorThe P/E ratio of TESSCO Technologies is 69.87, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 340.13.Price to Book Value per Share RatioTESSCO Technologies has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TESSCO Technologies (NASDAQ:TESS) StockTESSCO Technologies, Inc. is a technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure, and mobile device accessories markets. The company was founded by Robert B. Barnhill Jr. in 1982 and is headquartered in Hunt Valley, MD.Read More Receive TESS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TESSCO Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address TESS Stock News HeadlinesJanuary 29, 2023 | marketwatch.comOperational Technology Market is Set to Grow in forecast period 2029January 27, 2023 | finance.yahoo.comIntel (INTC) Misses Q4 Earnings Estimates on Lower RevenuesFebruary 2, 2023 | Investing Trends (Ad)The Biggest "Missing Ingredient" in the $7 Trillion EV MarketChina has owned the graphite market for decades. 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Perfect timing for a "made in America" graphite company looking to mine, manufacture, and recycle graphite for the booming electric car market.January 26, 2023 | seekingalpha.comTESSCO to report Q3 revenue in-line with estimatesJanuary 26, 2023 | americanbankingnews.comTESSCO Technologies (NASDAQ:TESS) Receives New Coverage from Analysts at StockNews.comJanuary 25, 2023 | finance.yahoo.comAT&T (T) Tops Q4 Earnings Estimates, Falters on RevenuesJanuary 25, 2023 | marketwatch.comKitchen Textiles Market (New Research 2023-2028): Expanding Technologies, Demand and Developments Analysis with Industry GrowthJanuary 24, 2023 | finance.yahoo.comTESSCO Technologies Announces Successful Launch of Enterprise Resource Planning (ERP) System; Reports Preliminary Third-Quarter Fiscal 2023 Financial ResultsFebruary 2, 2023 | Investing Trends (Ad)Solar Industry at Start of Long Bull Run?The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.January 20, 2023 | marketwatch.comNetwork Test Equipment Market Share 2023 Comprehensive Insights, Innovations and Business Outlook till 2028January 19, 2023 | marketwatch.comSystem Integrator Market By Industry Research, Supply, Size, Share and Prospects 2023-2029January 19, 2023 | marketwatch.comE-Band Full Outdoor Market Insights : Industry dynamics, New Technologies and Forecast to 2029January 14, 2023 | uk.finance.yahoo.comFTSE 100: Tesco posts bumper Christmas sales despite cost of living crisisJanuary 13, 2023 | marketwatch.comHalal Market Is Booming With Great Opportunities and Growing With Top Key playersJanuary 12, 2023 | marketwatch.comRetail Pharmacy Market – Strategic Imperatives for Growth Analysis and Success Rate By 2028 | Newst 88 Pages ReportJanuary 12, 2023 | ft.comLive news: US jobless claims fall to 3-month low as labour market remains tightJanuary 6, 2023 | nz.finance.yahoo.comInMobi Appoints New Staffers to Deepen Global Product and Business Development TeamsDecember 27, 2022 | finance.yahoo.comMotorola (MSI) Wins Hytera Patent Breach Suit in AustraliaDecember 23, 2022 | marketwatch.comOperational Technology Market size 2023 Stay Dominating the Market with witness substantial growth | Including 124 Pages ReportDecember 21, 2022 | finance.yahoo.comMotorola (MSI) Avigilon Video Solution Gets JITC CertificationDecember 19, 2022 | finance.yahoo.com3 Under-$10 Telecom Stocks Wall Street Analysts Recommend BuyingDecember 19, 2022 | marketwatch.comBusiness-to-Business ECommerce Market with Highly Lucrative Segment to Expand Significantly | Including 127 Pages ReportNovember 1, 2022 | finance.yahoo.comArista (ANET) Beats Q3 Earnings Estimates on Record RevenuesOctober 29, 2022 | seekingalpha.comTESSCO Technologies Incorporated (TESS) Q2 2023 Earnings Call TranscriptOctober 27, 2022 | finance.yahoo.comTESSCO Reports Strong Second-Quarter Fiscal 2023 Financial Results with Record RevenuesOctober 27, 2022 | finance.yahoo.comTessco Technologies (TESS) Q2 Earnings and Revenues Beat EstimatesOctober 26, 2022 | msn.comEarnings Outlook For Tessco TechnologiesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TESS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TESSCO Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address TESS Company Calendar Last Earnings10/27/2021Today2/02/2023Next Earnings (Estimated)2/02/2023Fiscal Year End3/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Electronic parts & equipment, not elsewhere classified Sub-IndustryCommunications Equipment SectorComputer and Technology Current SymbolNASDAQ:TESS CUSIP87238610 CIK927355 Webwww.tessco.com Phone(410) 229-1000Fax410-527-0005Employees589Year Founded1982Profitability EPS (Most Recent Fiscal Year)$0.07 Trailing P/E Ratio69.87 Forward P/E RatioN/A P/E GrowthN/ANet Income$-2,700,000.00 Net Margins0.16% Pretax Margin-0.06% Return on Equity1.09% Return on Assets0.40% Debt Debt-to-Equity Ratio0.77 Current Ratio1.91 Quick Ratio1.10 Sales & Book Value Annual Sales$417.55 million Price / Sales0.11 Cash FlowN/A Price / Cash FlowN/A Book Value$8.45 per share Price / Book0.58Miscellaneous Outstanding Shares9,210,000Free Float8,487,000Market Cap$45.04 million OptionableNot Optionable Beta0.88 Social Links Key ExecutivesSandip MukerjeePresident, Chief Executive Officer & DirectorAric M. SpitulnikCFO, Secretary, Chief Accounting Officer & SVPThad LoweChief Technology Officer & SVPJesse B. HillmanChief Information OfficerCindy KingTreasurer & Vice PresidentKey CompetitorsEMCORENASDAQ:EMKRMIND C.T.I.NASDAQ:MNDOIronNetNYSE:IRNTRenrenNYSE:RENNClearOneNASDAQ:CLROView All CompetitorsInsiders & InstitutionsLegato Capital Management LLCBought 10,042 shares on 2/1/2023Ownership: 0.109%BlackRock Inc.Bought 6,524 shares on 11/15/2022Ownership: 4.354%Vanguard Group Inc.Bought 3,370 shares on 11/15/2022Ownership: 2.460%Essex Investment Management Co. LLCSold 5,813 shares on 11/15/2022Ownership: 0.951%Two Sigma Advisers LPSold 11,800 shares on 11/15/2022Ownership: 0.236%View All Institutional Transactions TESS Stock - Frequently Asked Questions How have TESS shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting TESSCO Technologies? 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. When is TESSCO Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023. View our TESS earnings forecast. How were TESSCO Technologies' earnings last quarter? 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. What guidance has TESSCO Technologies issued on next quarter's earnings? 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. What is Sandip Murkejee's approval rating as TESSCO Technologies' CEO? 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. What other stocks do shareholders of TESSCO Technologies own? 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). What is TESSCO Technologies' stock symbol? TESSCO Technologies trades on the NASDAQ under the ticker symbol "TESS." Who are TESSCO Technologies' major shareholders? 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. View institutional ownership trends. How do I buy shares of TESSCO Technologies? 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. Compare Top Brokerages Here. What is TESSCO Technologies' stock price today? One share of TESS stock can currently be purchased for approximately $4.89. How much money does TESSCO Technologies make? 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. How many employees does TESSCO Technologies have? The company employs 589 workers across the globe. Does TESSCO Technologies have any subsidiaries? The following companies are subsidiares of TESSCO Technologies: Cartwright Communications, GW Service Solutions Inc., GigaWave Technologies, NetForce Solutions, TCPM Inc., TESSCO Business Services LLC, TESSCO Communications Incorporated, TESSCO Financial Corporation, TESSCO Incorporated, TESSCO Integrated Solutions LLC, TESSCO Service Solutions Inc., Ventev Wireless Infrastructure, and Wireless Solutions Incorporated.Read More How can I contact TESSCO Technologies? 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. This page (NASDAQ:TESS) was last updated on 2/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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