Tecnoglass Inc (NASDAQ:TGLS) – Stock analysts at B. Riley decreased their FY2019 earnings estimates for Tecnoglass in a research report issued to clients and investors on Thursday, November 7th. B. Riley analyst A. Rygiel now anticipates that the company will post earnings per share of $0.71 for the year, down from their previous estimate of $0.76. B. Riley also issued estimates for Tecnoglass’ Q4 2019 earnings at $0.18 EPS.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $102.95 million. Tecnoglass had a net margin of 4.04% and a return on equity of 21.77%.

Several other equities analysts have also recently commented on the stock. Robert W. Baird set a $11.00 price objective on shares of Tecnoglass and gave the company a “buy” rating in a research note on Monday, August 12th. Dougherty & Co reaffirmed a “buy” rating on shares of Tecnoglass in a research note on Thursday, August 22nd. Zacks Investment Research cut shares of Tecnoglass from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. BidaskClub raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, ValuEngine cut shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Tecnoglass presently has a consensus rating of “Buy” and an average target price of $9.69.

Shares of NASDAQ:TGLS opened at $8.53 on Friday. The company has a 50 day moving average of $7.99 and a 200 day moving average of $7.28. The stock has a market cap of $392.96 million, a P/E ratio of 10.04, a P/E/G ratio of 0.55 and a beta of 1.00. Tecnoglass has a 12 month low of $6.08 and a 12 month high of $10.08. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 1.38.

A number of hedge funds have recently added to or reduced their stakes in the business. Rutabaga Capital Management LLC MA grew its stake in Tecnoglass by 11.9% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 740,547 shares of the company’s stock worth $4,806,000 after buying an additional 78,495 shares in the last quarter. Polaris Capital Management LLC grew its stake in Tecnoglass by 2.0% in the 2nd quarter. Polaris Capital Management LLC now owns 509,900 shares of the company’s stock worth $3,309,000 after buying an additional 9,900 shares in the last quarter. Vanguard Group Inc. grew its stake in Tecnoglass by 37.4% in the 2nd quarter. Vanguard Group Inc. now owns 279,955 shares of the company’s stock worth $1,817,000 after buying an additional 76,232 shares in the last quarter. Penn Capital Management Co. Inc. purchased a new position in Tecnoglass in the 2nd quarter worth approximately $1,616,000. Finally, Perritt Capital Management Inc. grew its stake in Tecnoglass by 11.0% in the 2nd quarter. Perritt Capital Management Inc. now owns 245,598 shares of the company’s stock worth $1,594,000 after buying an additional 24,319 shares in the last quarter. 12.81% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.57%. Tecnoglass’s dividend payout ratio is presently 65.88%.

About Tecnoglass

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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Earnings History and Estimates for Tecnoglass (NASDAQ:TGLS)

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