TESSCO Technologies - TESS Stock Forecast, Price & News

TESSCO Technologies' stock was trading at $6.3099 at the beginning of 2022. Since then, TESS shares have decreased by 16.0% and is now trading at $5.30.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our TESS earnings forecast.

TESSCO Technologies Incorporated (NASDAQ:TESS) released its quarterly earnings data on Tuesday, July, 26th. The communications equipment provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.07. The communications equipment provider earned $112.16 million during the quarter, compared to the consensus estimate 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%.

TESSCO Technologies issued an update on its FY 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share (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.

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 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, Charles Kriete, 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 $5.30.

TESSCO Technologies (NASDAQ:TESS) has a market capitalization of $48.39 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.

The company employs 589 workers across the globe.

TESSCO Technologies was founded in 1982.

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.