NASDAQ:TESS

TESSCO Technologies - TESS Stock Forecast, Price & News

$4.13

-0.03 (-0.72%)

(As of 09/26/2022 12:00 AM ET)

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Today's Range: $4.12
▼
$4.30
50-Day Range: $4.13
▼
$5.88
52-Week Range: $4.12
▼
$8.32

Volume: 8,225 shs
Average Volume: 28,998 shs
Market Capitalization: $37.72 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

TESSCO Technologies MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.13% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.58
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.40) to ($0.31) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.48 out of 5 stars

Computer And Technology Sector

595th out of 629 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

8th out of 8 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for TESSCO Technologies.

3.0

Short Interest

Percentage of Shares Shorted
0.13% of the float of TESSCO Technologies has been sold short.
Short Interest Ratio / Days to Cover
TESSCO Technologies has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TESSCO Technologies has recently increased by 518.18%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
TESSCO Technologies does not currently pay a dividend.
Dividend Growth
TESSCO Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TESS.

2.5

News and Social Media Coverage

News Sentiment
TESSCO Technologies has a news sentiment score of 0.58. 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 higher news sentiment than the 0.36 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for TESSCO Technologies this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added TESSCO Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TESSCO Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.80% of the stock of TESSCO Technologies is held by insiders.
Percentage Held by Institutions
53.35% of the stock of TESSCO Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for TESSCO Technologies are expected to grow in the coming year, from ($0.40) to ($0.31) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TESSCO Technologies is -29.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of TESSCO Technologies is -29.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
TESSCO Technologies has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TESSCO Technologies (NASDAQ:TESS) Stock

TESSCO Technologies Incorporated manufactures and distributes technology products and solutions for wireless infrastructure market in the United States and internationally. It operates through two segments, Carrier and Commercial. 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 products, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems. It also provides network systems products, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products. In addition, the company offers installation, test, and maintenance products comprising analysis equipment; and various frequency, voltage, and power-measuring devices, as well as tools, hardware, GPS and safety products, and replacement and component parts and supplies to install, tune, and maintain wireless communications equipment. The company sells its products to carrier and public network operators, tower owners, program managers, contractors and integrators, private system operators, federal governments, state and local governments, manufacturers, national solutions providers, and value-added resellers under the Ventev brand. TESSCO Technologies Incorporated was founded in 1982 and is headquartered in Hunt Valley, Maryland.

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TESS Stock News Headlines

September 20, 2022 | finance.yahoo.com

ADTRAN (ADTN) Appears a Solid Investment Bet Now: Here's Why

September 15, 2022 | msn.com

Tesco expands operations in India; plans to hire 1,000 people

September 9, 2022 | finance.yahoo.com

Corning (GLW) Boosts Fiber Output in EU With Poland Facility

September 8, 2022 | finance.yahoo.com

Cogent (CCOI) Inks Deal to Buy T-Mobile's Wireline Business

September 5, 2022 | msn.com

Expert issues warning over new PayPal scam emptying bank accounts

September 2, 2022 | msn.com

Warning as new Paypal scam is disguised as Tesco giftcard

August 17, 2022 | finance.yahoo.com

Viasat (VSAT) to Power In-Flight Connectivity in Airshare

August 16, 2022 | finance.yahoo.com

Why CommScope (COMM) is an Enticing Pick Post Q2 Earnings

August 16, 2022 | msn.com

Amazon moves physical retail tech teams into cloud division, looking to accelerate third-party adoption

August 10, 2022 | finance.yahoo.com

Akamai (AKAM) Beats Q2 Earnings Estimates on Higher Revenues

August 9, 2022 | finance.yahoo.com

Ventev Launches a New Universal Broadband Enclosure for Harsh Environments

July 26, 2022 | finance.yahoo.com

TESSCO Reports First-Quarter Fiscal 2023 Financial Results

July 26, 2022 | finance.yahoo.com

Corning (GLW) Beats Q2 Earnings Estimates, Misses on Revenues

July 19, 2022 | finance.yahoo.com

TESSCO Technologies Schedules First-Quarter Fiscal 2023 Earnings Release and Conference Call

July 8, 2022 | msn.com

Energy price cap to rise by £300 more than feared, analysts warn - live updates

June 24, 2022 | finance.yahoo.com

POLY Secures Requisite Shareholder Approval for HP Merger

June 10, 2022 | msn.com

Heinz announces huge packaging change using rubbish from Tesco

June 1, 2022 | forbes.com

Future-Proofing: How Leaders Fuel Innovation And Resilience In The Cloud

May 30, 2022 | benzinga.com

Outlook on the Warehouse Automation Global Market to 2027 - Featuring Amazon, Walmart, Tesco and Kroger Among Many Others

May 19, 2022 | finance.yahoo.com

Tessco Technologies eyes a turnaround following pandemic, proxy fight

May 17, 2022 | finance.yahoo.com

Knowles' (KN) Dual-Diaphragm Balanced Armature Enriches Sound

May 11, 2022 | seekingalpha.com

TESSCO Technologies Incorporated (TESS) CEO Sandip Mukerjee on Q4 2022 Results - Earnings Call Transcript

May 11, 2022 | finance.yahoo.com

Tessco Technologies (TESS) Reports Q4 Loss, Tops Revenue Estimates

May 10, 2022 | ca.investing.com

Tessco Technologies Tops Q4 EPS by 9c

May 10, 2022 | finance.yahoo.com

TESSCO Reports Fourth-Quarter Fiscal Year 2022 Financial Results

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TESS Company Calendar

Last Earnings: 7/26/2022
Today: 9/26/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 3/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Electronic parts & equipment, not elsewhere classified
Sub-Industry: Communications Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:TESS
CUSIP: 87238610
CIK: 927355
Web: www.tessco.com
Phone: (410) 229-1000
Fax: 410-527-0005
Employees: 589
Year Founded: 1982

Profitability

EPS (Most Recent Fiscal Year): ($0.14)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-2,700,000.00
Net Margins: -0.30%
Pretax Margin: -0.64%
Return on Equity: -2.13%
Return on Assets: -0.80%

Debt

Debt-to-Equity Ratio: 0.63
Current Ratio: 1.81
Quick Ratio: 1.08

Sales & Book Value

Annual Sales: $417.55 million
Price / Sales: 0.09
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.45 per share
Price / Book: 0.49

Miscellaneous

Outstanding Shares: 9,133,000
Free Float: 8,421,000
Market Cap: $37.72 million
Optionable: Not Optionable
Beta: 0.88

Social Links

Key Executives

Mr. Sandip Mukerjee (Age 59)
Pres, CEO & Director
Comp: $982.2k

Mr. Aric M. Spitulnik (Age 51)
CFO, Principal Accounting Officer, Sr. VP & Corp. Sec.
Comp: $430.65k

Mr. Thad W. Lowe (Age 53)
Sr. VP, Gen. Mang. of Ventev & CTO
Comp: $322.57k

Mr. Douglas A. Rein (Age 62)
Exec. Officer
Comp: $362.82k

Ms. Tammy S. Ridgley (Age 50)
Sr. VP of Customer Success, Product Management & Vendor Management
Comp: $301.33k

Mr. Jesse Hillman
Chief Information Officer

Ms. Elizabeth S. Robinson (Age 55)
Sr. VP of Retail Sales & Product Marketing

Mr. Thomas Perez (Age 48)
Controller

Ms. Cynthia L. King
VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TESS Stock - Frequently Asked Questions

How have TESS shares performed in 2022?: TESSCO Technologies' stock was trading at $6.3099 at the start of the year. Since then, TESS shares have decreased by 34.5% and is now trading at $4.13.
View the best growth stocks for 2022 here.
When is TESSCO Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our TESS earnings forecast.
How were TESSCO Technologies' earnings last quarter?: TESSCO Technologies Incorporated (NASDAQ:TESS) posted its quarterly earnings results on Tuesday, July, 26th. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.07. The communications equipment provider earned $112.16 million during the quarter, compared to analysts' expectations of $107.60 million. TESSCO Technologies had a negative net margin of 0.30% and a negative trailing twelve-month return on equity of 2.13%.
What guidance has TESSCO Technologies issued on next quarter's earnings?: TESSCO Technologies issued an update on its FY 2023 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $450.00 million-$475.00 million, compared to the consensus revenue estimate of $450.05 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 retail and institutional investors. Top institutional investors include Tieton Capital Management LLC (5.44%), Renaissance Technologies LLC (4.12%), Capital Management Corp VA (2.70%) and Moors & Cabot Inc. (1.12%). 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 $4.13.
How much money does TESSCO Technologies make?: TESSCO Technologies (NASDAQ:TESS) has a market capitalization of $37.72 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 ($0.14) 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 9/26/2022 by MarketBeat.com Staff

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TESSCO Technologies - TESS Stock Forecast, Price & News

TESSCO Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month