Tecnoglass (TGLS) to Release Earnings on Thursday

Tecnoglass (NASDAQ:TGLS) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The company had revenue of $219.65 million for the quarter, compared to the consensus estimate of $219.29 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts expect Tecnoglass to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tecnoglass Trading Up 1.2 %

Shares of TGLS opened at $69.80 on Thursday. Tecnoglass has a 1-year low of $28.21 and a 1-year high of $80.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.80. The firm has a 50 day simple moving average of $67.22 and a 200-day simple moving average of $57.56. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 19.88 and a beta of 1.86.

Tecnoglass Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.63%. Tecnoglass’s dividend payout ratio (DPR) is 12.68%.

Analyst Ratings Changes

Several research analysts recently weighed in on TGLS shares. Stifel Nicolaus boosted their target price on shares of Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Raymond James lowered shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, October 22nd. DA Davidson raised their target price on shares of Tecnoglass from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. B. Riley reaffirmed a “neutral” rating and issued a $72.00 target price (up from $69.00) on shares of Tecnoglass in a research note on Thursday, October 10th. Finally, Sidoti lowered Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tecnoglass has an average rating of “Hold” and a consensus target price of $67.33.

About Tecnoglass

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.