Tecnoglass Inc (NASDAQ:TGLS) Plans Quarterly Dividend of $0.14

Tecnoglass Inc (NASDAQ:TGLS) declared a quarterly dividend on Tuesday, June 19th, NASDAQ reports. Shareholders of record on Friday, June 29th will be given a dividend of 0.14 per share on Tuesday, July 31st. This represents a $0.56 annualized dividend and a yield of 6.36%. The ex-dividend date is Thursday, June 28th.

Tecnoglass traded down $0.11, hitting $8.69, during trading on Wednesday, MarketBeat reports. 1,822 shares of the company’s stock traded hands, compared to its average volume of 11,609. The company has a quick ratio of 1.58, a current ratio of 2.23 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $307.46 million, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.64. Tecnoglass has a 52 week low of $5.50 and a 52 week high of $9.88.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $84.89 million for the quarter, compared to the consensus estimate of $84.18 million. Tecnoglass had a net margin of 4.48% and a return on equity of 11.82%. analysts anticipate that Tecnoglass will post 0.59 EPS for the current year.

A number of analysts have commented on TGLS shares. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. B. Riley began coverage on shares of Tecnoglass in a research report on Tuesday, March 6th. They set a “buy” rating and a $11.00 price target on the stock. Finally, Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Thursday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Tecnoglass presently has a consensus rating of “Hold” and a consensus target price of $10.50.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

Dividend History for Tecnoglass (NASDAQ:TGLS)

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