Analysts Expect Tecnoglass Inc (TGLS) to Post $0.17 Earnings Per Share
Tecnoglass Inc (NASDAQ:TGLS) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a one year consensus price objective of $12.50 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Tecnoglass an industry rank of 214 out of 255 based on the ratings given to its competitors.
Several brokerages have recently commented on TGLS. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Friday, July 13th. Zacks Investment Research downgraded shares of Tecnoglass from a “hold” rating to a “sell” rating in a research report on Wednesday, May 23rd. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Finally, B. Riley raised their price objective on shares of Tecnoglass from $11.50 to $12.50 and gave the stock a “buy” rating in a research report on Monday, August 13th.
An institutional investor recently bought a new position in Tecnoglass stock. Covey Capital Advisors LLC bought a new position in Tecnoglass Inc (NASDAQ:TGLS) during the first quarter, according to its most recent filing with the SEC. The firm bought 10,625 shares of the company’s stock, valued at approximately $100,000. Institutional investors own 4.33% of the company’s stock.
NASDAQ:TGLS opened at $9.59 on Friday. The company has a market cap of $353.01 million, a price-to-earnings ratio of 29.97, a PEG ratio of 0.73 and a beta of 0.70. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.50 and a quick ratio of 1.77. Tecnoglass has a fifty-two week low of $6.67 and a fifty-two week high of $10.29.
Tecnoglass (NASDAQ:TGLS) last released its earnings results on Wednesday, August 8th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $88.97 million during the quarter, compared to the consensus estimate of $89.34 million. Tecnoglass had a net margin of 4.34% and a return on equity of 14.63%. sell-side analysts expect that Tecnoglass will post 0.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Friday, October 26th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, October 25th. Tecnoglass’s dividend payout ratio (DPR) is 175.00%.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
Further Reading: Do You Need a Fiduciary?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tecnoglass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass and related companies with MarketBeat.com's FREE daily email newsletter.