Tecnoglass (TGLS) Scheduled to Post Quarterly Earnings on Thursday

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

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, topping 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 business had revenue of $219.65 million for the quarter, compared to analyst estimates of $219.29 million. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue 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 Stock Up 0.9 %

Shares of NASDAQ:TGLS opened at $70.26 on Wednesday. Tecnoglass has a 12 month low of $28.21 and a 12 month high of $80.51. The company’s 50-day moving average price is $68.06 and its two-hundred day moving average price is $58.00. The company has a quick ratio of 1.80, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.30 billion, a P/E ratio of 22.52 and a beta of 1.86.

Tecnoglass Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Monday, September 30th. Tecnoglass’s dividend payout ratio is currently 14.10%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Sidoti lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a report on Tuesday, October 22nd. Robert W. Baird increased their price objective on shares of Tecnoglass from $76.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Stifel Nicolaus upped their target price on shares of Tecnoglass from $50.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, August 9th. DA Davidson upped their target price on shares of Tecnoglass from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, B. Riley restated a “neutral” rating and set a $72.00 target price (up from $69.00) on shares of Tecnoglass in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tecnoglass presently has an average rating of “Hold” and a consensus price target 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.