Tecnoglass Inc (TGLS) to Issue Quarterly Dividend of $0.14 on November 19th
Tecnoglass Inc (NASDAQ:TGLS) announced a quarterly dividend on Friday, September 7th, Zacks reports. Shareholders of record on Friday, October 26th will be given a dividend of 0.14 per share on Monday, November 19th. This represents a $0.56 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date is Thursday, October 25th.
TGLS stock opened at $9.58 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.77 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $361.53 million, a price-to-earnings ratio of 29.94, a P/E/G ratio of 0.75 and a beta of 0.70. Tecnoglass has a 1 year low of $6.81 and a 1 year high of $10.29.
Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Wednesday, August 8th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. Tecnoglass had a return on equity of 14.63% and a net margin of 4.34%. The business had revenue of $88.97 million for the quarter, compared to analyst estimates of $89.34 million. Equities analysts forecast that Tecnoglass will post 0.66 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. BidaskClub lowered Tecnoglass from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Zacks Investment Research lowered Tecnoglass from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine raised Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. B. Riley raised their price target on Tecnoglass from $11.50 to $12.50 and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, Dougherty & Co upgraded Tecnoglass from a “neutral” rating to a “buy” rating and set a $12.50 price target on the stock in a research note on Thursday, September 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $11.67.
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.
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