Tecnoglass Inc. (TGLS) Set to Announce Earnings on Tuesday
Tecnoglass Inc. (NASDAQ:TGLS) will release its earnings data before the market opens on Tuesday, November 14th. Analysts expect Tecnoglass to post earnings of $0.08 per share for the quarter.
Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Friday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). Tecnoglass had a positive return on equity of 16.94% and a negative net margin of 2.45%. The firm had revenue of $80.98 million for the quarter, compared to analyst estimates of $84.63 million. On average, analysts expect Tecnoglass to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Tecnoglass Inc. (NASDAQ:TGLS) opened at $7.17 on Tuesday. Tecnoglass Inc. has a twelve month low of $5.50 and a twelve month high of $12.70. The company has a current ratio of 2.26, a quick ratio of 1.67 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $245.21, a price-to-earnings ratio of 11.93, a PEG ratio of 0.87 and a beta of 0.51.
The company also recently announced a dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from Tecnoglass’s previous dividend of $0.13.
A hedge fund recently raised its stake in Tecnoglass stock. Northern Trust Corp increased its stake in Tecnoglass Inc. (NASDAQ:TGLS) by 15.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,006 shares of the company’s stock after purchasing an additional 4,588 shares during the period. Northern Trust Corp owned approximately 0.10% of Tecnoglass worth $317,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.78% of the company’s stock.
A number of research analysts recently commented on TGLS shares. Zacks Investment Research upgraded Tecnoglass from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine upgraded Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Dougherty & Co cut Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. Finally, BidaskClub cut Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Tecnoglass has a consensus rating of “Hold” and an average price target of $17.00.
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
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