$0.20 EPS Expected for Tecnoglass Inc (NASDAQ:TGLS) This Quarter

Wall Street brokerages predict that Tecnoglass Inc (NASDAQ:TGLS) will report earnings per share (EPS) of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Tecnoglass’ earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.22. Tecnoglass posted earnings of $0.24 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The company is scheduled to report its next earnings report on Wednesday, November 6th.

On average, analysts expect that Tecnoglass will report full year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.80. For the next financial year, analysts anticipate that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.78 to $0.95. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Tecnoglass.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Friday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. Tecnoglass had a net margin of 4.04% and a return on equity of 22.84%. The business had revenue of $113.88 million during the quarter, compared to analyst estimates of $97.53 million.



A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Tecnoglass in a report on Thursday, May 9th. They set a “buy” rating for the company. Raymond James raised shares of Tecnoglass from an “outperform” rating to a “strong-buy” rating and set a $10.00 target price for the company in a report on Monday, July 1st. DA Davidson assumed coverage on shares of Tecnoglass in a report on Thursday, May 30th. They set a “buy” rating and a $9.00 target price for the company. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Tuesday. Finally, BidaskClub lowered shares of Tecnoglass from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $10.54.

Shares of Tecnoglass stock traded down $0.13 during trading hours on Tuesday, reaching $7.36. 44,300 shares of the company’s stock were exchanged, compared to its average volume of 67,786. Tecnoglass has a 1 year low of $6.08 and a 1 year high of $10.29. The stock has a market capitalization of $326.79 million, a P/E ratio of 8.66 and a beta of 0.99. The firm has a fifty day moving average price of $7.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.50 and a quick ratio of 1.84.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.56 annualized dividend and a dividend yield of 7.61%. Tecnoglass’s payout ratio is 65.88%.

Several hedge funds have recently made changes to their positions in TGLS. JPMorgan Chase & Co. acquired a new position in shares of Tecnoglass during the 2nd quarter valued at about $69,000. Northern Trust Corp boosted its position in shares of Tecnoglass by 39.6% during the 2nd quarter. Northern Trust Corp now owns 33,415 shares of the company’s stock valued at $217,000 after acquiring an additional 9,484 shares during the last quarter. Shepherd Kaplan Krochuk LLC boosted its position in shares of Tecnoglass by 90.0% during the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 38,000 shares of the company’s stock valued at $247,000 after acquiring an additional 18,000 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Tecnoglass during the 1st quarter valued at about $256,000. Finally, BlackRock Inc. boosted its position in shares of Tecnoglass by 8,803.0% during the 4th quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock valued at $435,000 after acquiring an additional 53,258 shares during the last quarter. 13.97% of the stock is currently owned by hedge funds and other institutional investors.

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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