NASDAQ:TESS

TESSCO Technologies - TESS Stock Forecast, Price & News

$4.95

+0.05 (+1.02%)

(As of 11/30/2022 12:00 AM ET)

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Today's Range: $4.91
▼
$4.95
50-Day Range: $4.03
▼
$4.90
52-Week Range: $4.03
▼
$8.32

Volume: 10,032 shs
Average Volume: 25,964 shs
Market Capitalization: $45.56 million

P/E Ratio: 70.72
Dividend Yield: N/A
Price Target: N/A

TESSCO Technologies MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.14% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.96
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.34) to ($0.29) Per Share

Overall MarketRank^™

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

2.36 out of 5 stars

Computer And Technology Sector

255th out of 632 stocks

Electronic Parts & Equipment, Not Elsewhere Classified Industry

6th out of 9 stocks

N/A

Analyst's Opinion

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

5.0

Short Interest

Percentage of Shares Shorted
0.14% 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 decreased by 22.92%, indicating that investor sentiment is improving 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.

3.3

News and Social Media Coverage

News Sentiment
TESSCO Technologies has a news sentiment score of 0.96. 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 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for TESSCO Technologies this week, compared to 1 article on an average week.
MarketBeat Follows
3 people have added TESSCO Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of TESSCO Technologies is 70.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of TESSCO Technologies is 70.72, 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 360.86.
Price to Book Value per Share Ratio
TESSCO Technologies has a P/B Ratio of 0.59. 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

November 30, 2022 | americanbankingnews.com

TESSCO Technologies (NASDAQ:TESS) Now Covered by Analysts at StockNews.com

November 1, 2022 | finance.yahoo.com

Arista (ANET) Beats Q3 Earnings Estimates on Record Revenues

October 29, 2022 | seekingalpha.com

TESSCO Technologies Incorporated (TESS) Q2 2023 Earnings Call Transcript

October 27, 2022 | finance.yahoo.com

TESSCO Reports Strong Second-Quarter Fiscal 2023 Financial Results with Record Revenues

October 27, 2022 | finance.yahoo.com

Tessco Technologies (TESS) Q2 Earnings and Revenues Beat Estimates

October 26, 2022 | msn.com

Earnings Outlook For Tessco Technologies

October 20, 2022 | tmcnet.com

Baicells Pens Partnership with Tessco

October 17, 2022 | msn.com

Police warning to anyone who uses an ATM to withdraw cash

October 14, 2022 | marketwatch.com

Global Halal Meat Market Share Research 2022 Business Statistics, Growth Strategies, Top Manufacturers, Emerging Technologies and Forecast to 2028

October 13, 2022 | finance.yahoo.com

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

October 11, 2022 | ft.com

Live news updates: UK grocery inflation hits record high in September

October 10, 2022 | fool.co.uk

Can Tesco shares beat the recession?

October 4, 2022 | finance.yahoo.com

Corning (GLW) Focuses on Increased Fiber Optic Production

September 30, 2022 | money.usnews.com

Tessco Technologies, Inc.

September 29, 2022 | marketwatch.com

Air Core Drilling Market Size From 2022 To 2028 And Key Findings and Segments by End Use Industry | 90 Report Pages

September 27, 2022 | benzinga.com

System Integration Market to Reach $1,838.6 Billion by 2031: Allied Market Research

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

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TESS Company Calendar

Last Earnings: 10/27/2021
Today: 11/30/2022
Next Earnings (Estimated): 2/02/2023
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): $0.07
Trailing P/E Ratio: 70.72
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-2,700,000.00
Net Margins: 0.16%
Pretax Margin: -0.06%
Return on Equity: 1.09%
Return on Assets: 0.40%

Debt

Debt-to-Equity Ratio: 0.77
Current Ratio: 1.91
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $417.55 million
Price / Sales: 0.11
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $8.41 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 9,205,000
Free Float: 8,487,000
Market Cap: $45.56 million
Optionable: Not Optionable
Beta: 0.95

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 beginning of the year. Since then, TESS shares have decreased by 21.6% and is now trading at $4.95.
View the best growth stocks for 2022 here.
Are investors shorting TESSCO Technologies?: TESSCO Technologies saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 7,400 shares, a decrease of 22.9% from the October 31st total of 9,600 shares. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.
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) issued its earnings results on Wednesday, October, 27th. The communications equipment provider reported ($0.14) 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 analysts' expectations 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 quarter last year, the firm earned ($0.03) earnings per share.
What guidance has TESSCO Technologies issued on next quarter's earnings?: TESSCO Technologies updated its FY 2023 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $450.00 million-$475.00 million, compared to the consensus revenue estimate of $454.64 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.35%), Dimensional Fund Advisors LP (4.34%), Renaissance Technologies LLC (3.60%), Vanguard Group Inc. (2.46%), Capital Management Corp VA (1.27%) and Moors & Cabot Inc. (1.00%). 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 $4.95.
How much money does TESSCO Technologies make?: TESSCO Technologies (NASDAQ:TESS) has a market capitalization of $45.56 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 11/30/2022 by MarketBeat.com Staff

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