Last $22.65 USD
Change Today -1.11 / -4.67%
Volume 18.0K
TESS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

tessco technologies inc (TESS) Snapshot

Open
$23.51
Previous Close
$23.76
Day High
$24.44
Day Low
$22.65
52 Week High
03/4/14 - $39.99
52 Week Low
01/28/15 - $22.60
Market Cap
187.9M
Average Volume 10 Days
20.4K
EPS TTM
$1.41
Shares Outstanding
8.3M
EX-Date
02/2/15
P/E TM
16.1x
Dividend
$0.80
Dividend Yield
3.53%
Current Stock Chart for TESSCO TECHNOLOGIES INC (TESS)

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tessco technologies inc (TESS) Details

TESSCO Technologies Incorporated architects and delivers products and value chain solutions to organizations for building, operating, and maintaining wireless broadband systems primarily in the United States. It offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware, and mobile antennas build, repair, and upgrade wireless broadband systems; and connector installation, custom jumper assembly, site kitting, and logistics integration services. The company also provides network systems comprising fixed and mobile broadband radio equipment, wireless networking filtering systems, distributed antenna systems, two-way radios, and security and surveillance products to build and upgrade computing and Internet networks; and training classes, technical support, and engineering design services. In addition, it offers installation, test, and maintenance products, such as analysis equipment; various frequency, voltage, and power-measuring devices; an assortment of tools, hardware, GPS, safety, and replacement; and component parts and supplies used by service technicians to install, tune, and maintain wireless communications equipment. Further, the company provides mobile devices and accessory products consisting of cellular phone and data device accessories, such as replacement batteries, cases, speakers, mobile amplifiers, power supplies, headsets, mounts, car antennas, music accessories, and data and memory cards. It serves carrier and public network operators, tower owners, program managers, contractors and integrators, wireless Internet service providers, industrial and enterprise self-maintained users, governments, manufacturers, value-added resellers, as well as carriers and local and national retailers. TESSCO Technologies was founded in 1982 and is headquartered in Hunt Valley, Maryland.

821 Employees
Last Reported Date: 05/29/14
Founded in 1982

tessco technologies inc (TESS) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: $660.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $204.8K
Senior Vice President of Performance Systems ...
Total Annual Compensation: $302.5K
Senior Vice President of the Product Lines of...
Total Annual Compensation: $330.0K
Senior Vice President of Global Manufacturer ...
Total Annual Compensation: $302.5K
Compensation as of Fiscal Year 2014.

tessco technologies inc (TESS) Key Developments

Samsung Selects TESSCO for Supply-chain, e-Commerce and Logistics Solutions

Samsung Group has selected TESSCO Technologies Incorporated for supply-chain, e-commerce and logistics solutions to enable users for procuring Samsung Galaxy smartphone and tablet accessories for mobile workforce applications. TESSCO will empower commercial users of Samsung devices and facilitate rapid selection, purchase and delivery of accessories.

TESSCO Seeks Acquisitions

Robert Barnhill, President & Chief Executive Officer of TESSCO Technologies Inc. (NasdaqGS:TESS) briefed in the earnings call that, "As we seek new manufacturer partners they could also be complementary acquisitions and/or organic growth opportunities for Ventev, our proprietary products unit, which designs and manufactures the unmet needs."

Tessco Technologies Inc. Declares Quarterly Cash Dividend, Payable on February 18, 2015; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 28, 2014

The Board of Directors of TESSCO Technologies Inc. declared a quarterly cash dividend of $0.20 per common share payable on February 18, 2015 to holders of record on February 4, 2015. The company reported unaudited consolidated earnings results for the third quarter and nine months ended December 28, 2014. For the quarter, the company reported revenues of $135,188,700 compared to $144,915,200 a year ago. Income from operations was $2,684,100 compared to $7,167,600 a year ago. Income before provision for income taxes was $2,622,800 compared to $7,129,800 a year ago. Net income was $1,681,200 or $0.20 per basic and diluted share compared to $4,420,500 or $0.53 per diluted share a year ago. Adjusted EBITDA was $4,093,800 or $0.49 per diluted share compared to $8,906,900 or $1.06 per diluted share a year ago. The company generated $13.6 million in cash from operations during the quarter. For the nine months period, the company reported revenues of $436,656,800 compared to $435,550,000 a year ago. Income from operations was $14,623,100 compared to $21,720,800 a year ago. Income before provision for income taxes was $14,484,000 compared to $21,561,400 a year ago. Net income was $8,866,200 or $1.06 per diluted share compared to $13,293,800 or $1.60 per diluted share a year ago. Adjusted EBITDA was $19,063,300 or $2.28 per diluted share compared to $27,031,200 or $3.24 per diluted share a year ago.

 

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Industry Analysis

TESS

Industry Average

Valuation TESS Industry Range
Price/Earnings 16.2x
Price/Sales 0.3x
Price/Book 1.7x
Price/Cash Flow 15.9x
TEV/Sales 0.3x
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