Tecnoglass (TGLS) Scheduled to Post Quarterly Earnings on Thursday

Tecnoglass (NASDAQ:TGLS) will issue 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. Investors that are interested in registering for 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $219.65 million during the quarter, compared to analysts’ expectations of $219.29 million. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. On average, analysts expect Tecnoglass to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tecnoglass Price Performance

NASDAQ TGLS opened at $70.26 on Wednesday. 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 stock has a market capitalization of $3.30 billion, a PE ratio of 22.52 and a beta of 1.86. The company has a 50 day moving average price of $68.06 and a two-hundred day moving average price of $58.00. Tecnoglass has a 12-month low of $28.21 and a 12-month high of $80.51.

Tecnoglass Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, September 30th. Tecnoglass’s dividend payout ratio (DPR) is presently 14.10%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TGLS shares. B. Riley reiterated 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. DA Davidson boosted their price objective on shares of Tecnoglass from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Raymond James cut shares of Tecnoglass from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, October 22nd. 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 note on Friday, August 9th. Finally, Robert W. Baird upped their target price on shares of Tecnoglass from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently 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.