Equities Analysts Issue Forecasts for Andina Acquisition Corp’s Q1 2018 Earnings (TGLS)
Andina Acquisition Corp (NASDAQ:TGLS) – Research analysts at Dougherty & Co issued their Q1 2018 earnings estimates for Andina Acquisition in a research report issued to clients and investors on Tuesday. Dougherty & Co analyst J. Hamblin anticipates that the company will post earnings of $0.14 per share for the quarter. Dougherty & Co also issued estimates for Andina Acquisition’s FY2018 earnings at $0.62 EPS.
Several other equities research analysts also recently weighed in on the stock. ValuEngine raised shares of Andina Acquisition from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Andina Acquisition from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. BidaskClub raised shares of Andina Acquisition from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, B. Riley initiated coverage on shares of Andina Acquisition in a research report on Tuesday, March 6th. They set a “buy” rating and a $11.00 price target for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.50.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.56 annualized dividend and a dividend yield of 5.79%. This is an increase from Andina Acquisition’s previous quarterly dividend of $0.13. Andina Acquisition’s dividend payout ratio (DPR) is 373.33%.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of Andina Acquisition by 54.1% during the third quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock valued at $228,000 after acquiring an additional 11,910 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Andina Acquisition by 24.6% during the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after acquiring an additional 15,261 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Andina Acquisition by 15.6% during the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after acquiring an additional 4,588 shares in the last quarter. 3.32% of the stock is owned by institutional investors.
About Andina Acquisition
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
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