TESSCO Technologies (TESS) Scheduled to Post Quarterly Earnings on Tuesday

TESSCO Technologies (NASDAQ:TESSGet Rating) is set to issue its quarterly earnings data after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

TESSCO Technologies (NASDAQ:TESSGet Rating) last issued its earnings results on Thursday, February 3rd. The communications equipment provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.27. The business had revenue of $102.46 million for the quarter, compared to analyst estimates of $105.13 million. TESSCO Technologies had a negative net margin of 0.99% and a negative return on equity of 5.27%. During the same period last year, the company posted ($0.66) earnings per share. On average, analysts expect TESSCO Technologies to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NASDAQ:TESS opened at $5.90 on Tuesday. The firm’s 50 day simple moving average is $6.01 and its 200-day simple moving average is $6.06. TESSCO Technologies has a one year low of $5.08 and a one year high of $8.32. The company has a quick ratio of 1.23, a current ratio of 2.02 and a debt-to-equity ratio of 0.50.

TESS has been the topic of a number of research reports. Zacks Investment Research lowered shares of TESSCO Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. StockNews.com assumed coverage on shares of TESSCO Technologies in a research report on Wednesday, April 27th. They set a “hold” rating on the stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of TESSCO Technologies by 2.7% during the fourth quarter. BlackRock Inc. now owns 390,103 shares of the communications equipment provider’s stock valued at $2,461,000 after purchasing an additional 10,161 shares in the last quarter. Marshall Wace LLP bought a new position in shares of TESSCO Technologies during the fourth quarter valued at approximately $26,000. Millennium Management LLC bought a new position in shares of TESSCO Technologies during the fourth quarter valued at approximately $69,000. Renaissance Technologies LLC boosted its stake in shares of TESSCO Technologies by 3.0% during the fourth quarter. Renaissance Technologies LLC now owns 447,353 shares of the communications equipment provider’s stock valued at $2,823,000 after purchasing an additional 13,101 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of TESSCO Technologies by 5.8% during the fourth quarter. Northern Trust Corp now owns 33,395 shares of the communications equipment provider’s stock valued at $211,000 after purchasing an additional 1,824 shares in the last quarter. Hedge funds and other institutional investors own 54.84% of the company’s stock.

TESSCO Technologies Company Profile (Get Rating)

TESSCO Technologies Incorporated architects and delivers product and value chain solutions to support wireless systems in the United States and internationally. 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.

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Earnings History for TESSCO Technologies (NASDAQ:TESS)

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