Tecnoglass Inc. (NASDAQ:TGLS) Declares Quarterly Dividend of $0.15

Tecnoglass Inc. (NASDAQ:TGLS) declared a quarterly dividend on Wednesday, December 10th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.15 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Tecnoglass has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Tecnoglass has a payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tecnoglass to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.4%.

Tecnoglass Price Performance

TGLS traded up $1.82 during trading on Wednesday, hitting $53.47. The company’s stock had a trading volume of 359,314 shares, compared to its average volume of 373,293. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass has a twelve month low of $44.26 and a twelve month high of $90.34. The business’s fifty day simple moving average is $55.32 and its 200 day simple moving average is $68.80. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 16.71 and a beta of 1.73.

Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Thursday, November 6th. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.11). Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.During the same period last year, the company earned $1.08 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Tecnoglass will post 3.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their target price on Tecnoglass from $95.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average target price of $90.00.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.