Andina Acquisition Corp (NASDAQ:TGLS) – Analysts at B. Riley raised their Q1 2018 earnings per share (EPS) estimates for Andina Acquisition in a report issued on Wednesday, March 14th, Zacks Investment Research reports. B. Riley analyst A. Rygiel now expects that the company will post earnings of $0.16 per share for the quarter, up from their previous estimate of $0.14. B. Riley has a “Buy” rating and a $11.00 price target on the stock. B. Riley also issued estimates for Andina Acquisition’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.64 EPS and FY2019 earnings at $0.80 EPS.
Andina Acquisition (NASDAQ:TGLS) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Andina Acquisition had a net margin of 1.73% and a return on equity of 10.85%. The firm had revenue of $84.28 million for the quarter, compared to analyst estimates of $86.20 million.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Andina Acquisition from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. BidaskClub upgraded shares of Andina Acquisition from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. Finally, ValuEngine downgraded shares of Andina Acquisition from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Andina Acquisition presently has an average rating of “Hold” and an average target price of $9.50.
TGLS traded down $0.16 during trading on Thursday, hitting $8.99. 18,346 shares of the stock traded hands, compared to its average volume of 28,066. Andina Acquisition has a twelve month low of $5.50 and a twelve month high of $11.00. The company has a market cap of $318.76, a P/E ratio of 28.09, a P/E/G ratio of 0.73 and a beta of 0.62. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.16 and a quick ratio of 1.57.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in Andina Acquisition by 36.7% in the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after purchasing an additional 5,902 shares during the period. Northern Trust Corp increased its holdings in Andina Acquisition by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after purchasing an additional 4,588 shares during the period. Malaga Cove Capital LLC increased its holdings in Andina Acquisition by 23.8% in the third quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock valued at $654,000 after purchasing an additional 17,881 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Andina Acquisition by 24.6% in the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after purchasing an additional 15,261 shares during the period. Institutional investors own 3.27% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Andina Acquisition’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 6.23%. Andina Acquisition’s dividend payout ratio is 175.00%.
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Andina Acquisition Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
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