Tecnoglass Inc. (NYSE:TGLS) Declares $0.15 Quarterly Dividend

Tecnoglass Inc. (NYSE:TGLS) announced a quarterly dividend on Wednesday, March 18th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.15 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 31st.

Tecnoglass has raised its dividend by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Tecnoglass has a payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings.

Tecnoglass Price Performance

NYSE:TGLS traded down $1.45 during mid-day trading on Wednesday, reaching $43.51. The stock had a trading volume of 639,675 shares, compared to its average volume of 415,267. Tecnoglass has a 12 month low of $40.09 and a 12 month high of $90.34. The stock has a market capitalization of $1.95 billion, a PE ratio of 12.72, a P/E/G ratio of 0.55 and a beta of 1.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.25. The stock has a 50-day simple moving average of $49.46 and a two-hundred day simple moving average of $55.03.

Tecnoglass (NYSE:TGLS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.21). Tecnoglass had a net margin of 16.22% and a return on equity of 23.05%. The business had revenue of $245.30 million during the quarter. During the same quarter in the previous year, the business earned $1.05 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TGLS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tecnoglass in a research note on Monday, December 22nd. DA Davidson decreased their target price on shares of Tecnoglass from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. B. Riley Financial dropped their price target on Tecnoglass from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, Zacks Research downgraded Tecnoglass from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tecnoglass currently has an average rating of “Hold” and a consensus price target of $67.50.

Tecnoglass Company Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.