Tecnoglass Inc. (TGLS) Set to Announce Earnings on Tuesday
Tecnoglass Inc. (NASDAQ:TGLS) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 14th. Analysts expect Tecnoglass to post earnings of $0.08 per share for the quarter.
Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Friday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The business had revenue of $80.98 million for the quarter, compared to analysts’ expectations of $84.63 million. Tecnoglass had a positive return on equity of 16.94% and a negative net margin of 2.45%. On average, analysts expect Tecnoglass to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Tecnoglass Inc. (NASDAQ:TGLS) opened at $7.17 on Monday. The firm has a market cap of $245.55, a price-to-earnings ratio of 11.95, a PEG ratio of 0.87 and a beta of 0.51. Tecnoglass Inc. has a one year low of $5.50 and a one year high of $12.70. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.67 and a current ratio of 2.26.
The firm also recently declared a dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 29th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 28th. This is a boost from Tecnoglass’s previous dividend of $0.13.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Tecnoglass from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Dougherty & Co cut shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded shares of Tecnoglass from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, ValuEngine upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.00.
An institutional investor recently raised its position in Tecnoglass stock. Vanguard Group Inc. lifted its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 24.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,402 shares of the company’s stock after buying an additional 15,261 shares during the period. Vanguard Group Inc. owned about 0.23% of Tecnoglass worth $722,000 at the end of the most recent reporting period. Institutional investors own 3.78% of the company’s stock.
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Tecnoglass Company Profile
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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