Brokerages expect that Tecnoglass Inc. (NASDAQ:TGLS) will announce $0.12 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Tecnoglass’ earnings. Tecnoglass posted earnings per share of $0.15 in the same quarter last year, which indicates a negative year over year growth rate of 20%. The firm is expected to report its next earnings results on Friday, March 9th.
On average, analysts expect that Tecnoglass will report full year earnings of $0.41 per share for the current year. For the next fiscal year, analysts forecast that the firm will report earnings of $0.53 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Tecnoglass.
Several research analysts have recently issued reports on the stock. Dougherty & Co cut shares of Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th. BidaskClub cut shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.
Tecnoglass (NASDAQ:TGLS) opened at $7.23 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.26 and a debt-to-equity ratio of 1.97. The stock has a market cap of $240.41, a P/E ratio of 16.86, a PEG ratio of 0.90 and a beta of 0.50. Tecnoglass has a 1-year low of $5.50 and a 1-year high of $12.50.
The firm also recently announced a dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, September 28th. This is a positive change from Tecnoglass’s previous dividend of $0.13.
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A number of hedge funds have recently added to or reduced their stakes in TGLS. Boston Partners acquired a new stake in Tecnoglass during the second quarter valued at approximately $975,000. Kennedy Capital Management Inc. lifted its stake in Tecnoglass by 113.9% during the second quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after purchasing an additional 155,847 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Tecnoglass by 36.7% during the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after purchasing an additional 5,902 shares during the last quarter. Northern Trust Corp lifted its stake in Tecnoglass by 15.6% during the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after purchasing an additional 4,588 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Tecnoglass by 24.6% during the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after purchasing an additional 15,261 shares during the last quarter. 3.46% of the stock is owned by institutional investors and hedge funds.
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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