Brokerages expect that Tecnoglass Inc (NASDAQ:TGLS) will report earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Four analysts have made 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 company is expected to report its next quarterly 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 fiscal 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 calculations are a mean average based on a survey of analysts that that provide coverage for Tecnoglass.
Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $108.47 million during the quarter, compared to the consensus estimate of $102.95 million. Tecnoglass had a return on equity of 20.39% and a net margin of 2.18%.
A number of equities analysts have recently weighed in on TGLS shares. DA Davidson cut shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Dougherty & Co reissued a “buy” rating on shares of Tecnoglass in a report on Thursday, August 22nd. Robert W. Baird set a $11.00 price target on Tecnoglass and gave the stock a “buy” rating in a research report on Monday, August 12th. ValuEngine downgraded shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a report on Monday, November 4th. Finally, BidaskClub raised Tecnoglass from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $9.69.
Tecnoglass stock traded up $0.03 during trading hours on Friday, reaching $8.01. 2,414 shares of the company’s stock traded hands, compared to its average volume of 70,429. Tecnoglass has a fifty-two week low of $6.08 and a fifty-two week high of $9.70. The firm has a market capitalization of $364.61 million, a price-to-earnings ratio of 9.42, a PEG ratio of 0.50 and a beta of 0.98. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.78 and a current ratio of 2.41. The firm’s 50 day moving average is $8.13 and its 200-day moving average is $7.39.
The business also recently disclosed 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 of this dividend 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%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rutabaga Capital Management LLC MA lifted its position in Tecnoglass by 11.9% during the second quarter. Rutabaga Capital Management LLC MA now owns 740,547 shares of the company’s stock worth $4,806,000 after purchasing an additional 78,495 shares during the period. Polaris Capital Management LLC increased its holdings in Tecnoglass by 2.0% in the 2nd quarter. Polaris Capital Management LLC now owns 509,900 shares of the company’s stock valued at $3,309,000 after buying an additional 9,900 shares during the period. Vanguard Group Inc. increased its holdings in Tecnoglass by 37.4% in the 2nd quarter. Vanguard Group Inc. now owns 279,955 shares of the company’s stock valued at $1,817,000 after buying an additional 76,232 shares during the period. Penn Capital Management Co. Inc. bought a new position in Tecnoglass in the 2nd quarter valued at about $1,616,000. Finally, Perritt Capital Management Inc. raised its position in shares of Tecnoglass by 11.0% in the 2nd quarter. Perritt Capital Management Inc. now owns 245,598 shares of the company’s stock valued at $1,594,000 after buying an additional 24,319 shares in the last quarter. Institutional investors own 12.22% of the company’s stock.
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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