Tecnoglass (NASDAQ:TGLS) Releases Earnings Results, Misses Estimates By $0.11 EPS

Tecnoglass (NASDAQ:TGLS) posted its quarterly earnings results on Thursday. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11), Briefing.com reports. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.During the same period last year, the firm posted $1.08 EPS. The business’s revenue was up 9.5% on a year-over-year basis. Tecnoglass updated its FY 2025 guidance to EPS.

Tecnoglass Price Performance

TGLS traded down $3.41 on Thursday, reaching $52.59. The stock had a trading volume of 569,968 shares, compared to its average volume of 358,898. Tecnoglass has a fifty-two week low of $52.01 and a fifty-two week high of $90.34. The firm has a 50-day moving average of $65.45 and a 200-day moving average of $73.65. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 16.43 and a beta of 1.78.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Tecnoglass’s dividend payout ratio is presently 15.42%.

Hedge Funds Weigh In On Tecnoglass

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Tecnoglass by 9.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,609 shares of the company’s stock worth $442,000 after purchasing an additional 556 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Tecnoglass by 4.2% in the 2nd quarter. Osaic Holdings Inc. now owns 8,349 shares of the company’s stock worth $647,000 after purchasing an additional 337 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Tecnoglass by 453.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,522 shares of the company’s stock valued at $350,000 after buying an additional 3,705 shares during the last quarter. Tidal Investments LLC grew its position in shares of Tecnoglass by 77.4% in the 2nd quarter. Tidal Investments LLC now owns 13,253 shares of the company’s stock valued at $1,025,000 after buying an additional 5,781 shares during the last quarter. Finally, Man Group plc bought a new stake in shares of Tecnoglass in the 2nd quarter valued at about $2,038,000. Institutional investors and hedge funds own 37.35% of the company’s stock.

Tecnoglass Company Profile

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.