Brokers Set Expectations for Tecnoglass Inc.’s FY2017 Earnings (TGLS)

Tecnoglass Inc. (NASDAQ:TGLS) – Research analysts at Dougherty & Co upped their FY2017 earnings estimates for Tecnoglass in a report released on Monday, according to Zacks Investment Research. Dougherty & Co analyst J. Hamblin now forecasts that the company will earn $0.43 per share for the year, up from their prior estimate of $0.41. Dougherty & Co has a “Neutral” rating on the stock.

Other equities analysts have also recently issued reports about the stock. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, November 22nd. Finally, BidaskClub cut shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th.

Shares of Tecnoglass (TGLS) traded up $0.04 on Tuesday, reaching $7.44. 27,866 shares of the company’s stock traded hands, compared to its average volume of 42,240. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 1.79. The firm has a market cap of $246.58, a PE ratio of 16.36, a P/E/G ratio of 0.84 and a beta of 0.51. Tecnoglass has a 12 month low of $5.50 and a 12 month high of $12.34.

Institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. boosted its position in shares of Tecnoglass by 113.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock worth $2,727,000 after buying an additional 155,847 shares in the last quarter. Malaga Cove Capital LLC boosted its position in shares of Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after buying an additional 17,881 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Tecnoglass by 36.7% in the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after buying an additional 5,902 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after buying an additional 15,261 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Tecnoglass by 15.6% in the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after buying an additional 4,588 shares in the last quarter. Institutional investors and hedge funds own 2.56% of the company’s stock.

In other Tecnoglass news, Director Martha L. Byorum sold 4,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $7.06, for a total transaction of $28,240.00. Following the sale, the director now directly owns 113,651 shares in the company, valued at approximately $802,376.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martha L. Byorum sold 7,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $7.09, for a total transaction of $49,630.00. Following the completion of the sale, the director now owns 113,651 shares in the company, valued at $805,785.59. The disclosure for this sale can be found here. Insiders have sold a total of 27,900 shares of company stock worth $197,285 over the last 90 days. Insiders own 2.30% of the company’s stock.

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Tecnoglass Company Profile

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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