Wall Street analysts expect Tecnoglass Inc (NASDAQ:TGLS) to announce earnings of $0.19 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Tecnoglass’ earnings, with estimates ranging from $0.15 to $0.23. Tecnoglass posted earnings per share of $0.27 during the same quarter last year, which would indicate a negative year-over-year growth rate of 29.6%. The business is expected to report its next earnings results on Thursday, March 5th.
On average, analysts expect that Tecnoglass will report full year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.80. For the next financial year, analysts forecast that the firm will report earnings of $0.88 per share, with EPS estimates ranging from $0.80 to $0.94. Zacks’ EPS averages are an average based on a survey of research analysts that follow Tecnoglass.
Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Tecnoglass had a net margin of 2.18% and a return on equity of 20.39%. The company had revenue of $108.47 million during the quarter, compared to the consensus estimate of $102.95 million.
Several equities analysts have recently weighed in on TGLS shares. Dougherty & Co reiterated a “buy” rating on shares of Tecnoglass in a report on Thursday, August 22nd. DA Davidson cut shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird set a $11.00 target price on Tecnoglass and gave the company a “buy” rating in a research note on Monday, August 12th. ValuEngine lowered Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. Finally, BidaskClub raised Tecnoglass from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.69.
Several institutional investors and hedge funds have recently bought and sold shares of TGLS. Tower Research Capital LLC TRC lifted its position in Tecnoglass by 259.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,243 shares of the company’s stock valued at $26,000 after acquiring an additional 2,341 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Tecnoglass in the 2nd quarter worth about $69,000. Bailard Inc. purchased a new position in shares of Tecnoglass in the 3rd quarter worth about $160,000. FCA Corp TX acquired a new position in shares of Tecnoglass in the 3rd quarter valued at about $205,000. Finally, Northern Trust Corp lifted its stake in shares of Tecnoglass by 39.6% in the 2nd quarter. Northern Trust Corp now owns 33,415 shares of the company’s stock valued at $217,000 after purchasing an additional 9,484 shares in the last quarter. Institutional investors own 12.22% of the company’s stock.
NASDAQ TGLS traded up $0.03 on Friday, hitting $8.01. 2,414 shares of the company were exchanged, compared to its average volume of 70,429. The company has a current ratio of 2.41, a quick ratio of 1.78 and a debt-to-equity ratio of 1.52. The company has a market cap of $364.61 million, a PE ratio of 9.42, a PEG ratio of 0.50 and a beta of 0.98. The stock has a fifty day moving average of $8.13 and a 200-day moving average of $7.39. Tecnoglass has a 12 month low of $6.08 and a 12 month high of $9.70.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.99%. Tecnoglass’s dividend payout ratio (DPR) is presently 65.88%.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
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