Tecnoglass (NASDAQ:TGLS) Announces Earnings Results

Tecnoglass (NASDAQ:TGLS) announced its quarterly earnings results on Wednesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02), Fidelity Earnings reports. The business had revenue of $108.47 million for the quarter, compared to analysts’ expectations of $102.95 million. Tecnoglass had a return on equity of 21.77% and a net margin of 4.04%.

Shares of TGLS traded down $0.20 during midday trading on Friday, reaching $8.64. 1,103 shares of the stock were exchanged, compared to its average volume of 48,060. The business’s 50-day moving average price is $7.97 and its 200 day moving average price is $7.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.41 and a quick ratio of 1.75. Tecnoglass has a twelve month low of $6.08 and a twelve month high of $10.08. The company has a market capitalization of $392.96 million, a price-to-earnings ratio of 10.16, a PEG ratio of 0.55 and a beta of 1.00.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date is Wednesday, November 27th. Tecnoglass’s dividend payout ratio (DPR) is currently 65.88%.

A number of analysts have issued reports on TGLS shares. Robert W. Baird set a $11.00 price target on Tecnoglass and gave the stock a “buy” rating in a report on Monday, August 12th. Zacks Investment Research cut Tecnoglass from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. DA Davidson cut Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Thursday. ValuEngine cut Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Dougherty & Co reiterated a “buy” rating on shares of Tecnoglass in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $10.79.

About Tecnoglass

Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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Earnings History for Tecnoglass (NASDAQ:TGLS)

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