TESSCO Technologies Incorporated (NASDAQ:TESS – Get Rating) – Stock analysts at William Blair issued their Q1 2024 earnings per share (EPS) estimates for TESSCO Technologies in a research note issued to investors on Wednesday, May 11th. William Blair analyst M. Nolan anticipates that the communications equipment provider will post earnings of ($0.17) per share for the quarter. William Blair also issued estimates for TESSCO Technologies’ Q2 2024 earnings at ($0.12) EPS, Q3 2024 earnings at ($0.04) EPS and Q4 2024 earnings at ($0.13) EPS.
TESS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of TESSCO Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. StockNews.com began coverage on shares of TESSCO Technologies in a research report on Friday. They set a “hold” rating on the stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TESS. Cetera Advisor Networks LLC bought a new stake in TESSCO Technologies in the third quarter worth approximately $56,000. Advisor Group Holdings Inc. grew its position in TESSCO Technologies by 268.8% in the third quarter. Advisor Group Holdings Inc. now owns 12,354 shares of the communications equipment provider’s stock worth $69,000 after acquiring an additional 9,004 shares in the last quarter. Capital Management Corp VA grew its position in TESSCO Technologies by 15.2% in the fourth quarter. Capital Management Corp VA now owns 698,988 shares of the communications equipment provider’s stock worth $4,411,000 after acquiring an additional 92,473 shares in the last quarter. Brown Advisory Inc. grew its position in TESSCO Technologies by 163.1% in the fourth quarter. Brown Advisory Inc. now owns 78,336 shares of the communications equipment provider’s stock worth $494,000 after acquiring an additional 48,565 shares in the last quarter. Finally, BlackRock Inc. grew its position in TESSCO Technologies by 2.7% in the fourth quarter. BlackRock Inc. now owns 390,103 shares of the communications equipment provider’s stock worth $2,461,000 after acquiring an additional 10,161 shares in the last quarter. 54.84% of the stock is currently owned by hedge funds and other institutional investors.
About TESSCO Technologies (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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