Analysts expect Tecnoglass Inc (NASDAQ:TGLS) to announce sales of $95.72 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Tecnoglass’ earnings. The lowest sales estimate is $93.90 million and the highest is $97.53 million. Tecnoglass reported sales of $84.89 million during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The company is scheduled to report its next earnings report before the market opens on Thursday, May 9th.
According to Zacks, analysts expect that Tecnoglass will report full-year sales of $405.31 million for the current fiscal year, with estimates ranging from $404.42 million to $406.20 million. For the next fiscal year, analysts anticipate that the business will post sales of $443.38 million, with estimates ranging from $438.10 million to $448.65 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Tecnoglass.
Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Thursday, March 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The business had revenue of $97.86 million during the quarter, compared to analyst estimates of $95.14 million. Tecnoglass had a return on equity of 22.76% and a net margin of 2.39%.
Several equities research analysts recently commented on TGLS shares. Zacks Investment Research upgraded Tecnoglass from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Saturday, January 19th. ValuEngine lowered Tecnoglass from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub lowered Tecnoglass from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Finally, B. Riley restated a “buy” rating on shares of Tecnoglass in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.31.
Shares of Tecnoglass stock traded down $0.03 on Tuesday, hitting $7.11. 56,880 shares of the company’s stock traded hands, compared to its average volume of 133,884. Tecnoglass has a one year low of $6.95 and a one year high of $10.29. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.39 and a quick ratio of 1.64. The firm has a market cap of $270.84 million, a price-to-earnings ratio of 8.36, a PEG ratio of 0.47 and a beta of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 26th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.88%. The ex-dividend date is Monday, April 29th. Tecnoglass’s dividend payout ratio is 65.88%.
In related news, Director Martha L. Byorum sold 5,994 shares of Tecnoglass stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $8.46, for a total transaction of $50,709.24. Following the completion of the sale, the director now owns 79,764 shares of the company’s stock, valued at $674,803.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Tecnoglass in the 4th quarter worth approximately $687,000. National Investment Services Inc. WI purchased a new position in shares of Tecnoglass in the 1st quarter valued at about $443,000. BlackRock Inc. increased its holdings in shares of Tecnoglass by 8,803.0% in the 4th quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock valued at $435,000 after purchasing an additional 53,258 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Tecnoglass by 117.1% in the 3rd quarter. Renaissance Technologies LLC now owns 95,794 shares of the company’s stock valued at $942,000 after purchasing an additional 51,671 shares in the last quarter. Finally, Perritt Capital Management Inc. increased its holdings in shares of Tecnoglass by 17.6% in the 4th quarter. Perritt Capital Management Inc. now owns 139,752 shares of the company’s stock valued at $1,128,000 after purchasing an additional 20,882 shares in the last quarter. 4.43% of the stock is owned by institutional investors.
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
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