Tecnoglass Inc. (NASDAQ:TGLS - Free Report) - Equities research analysts at B. Riley increased their Q3 2024 earnings per share estimates for shares of Tecnoglass in a research report issued to clients and investors on Monday, September 23rd. B. Riley analyst A. Rygiel now forecasts that the company will earn $0.95 per share for the quarter, up from their prior estimate of $0.93. B. Riley has a "Neutral" rating and a $69.00 price objective on the stock. The consensus estimate for Tecnoglass' current full-year earnings is $3.42 per share. B. Riley also issued estimates for Tecnoglass' Q4 2024 earnings at $0.94 EPS and FY2024 earnings at $3.41 EPS.
A number of other equities analysts have also recently commented on TGLS. Robert W. Baird lifted their price target on Tecnoglass from $68.00 to $76.00 and gave the stock an "outperform" rating in a report on Tuesday, September 17th. DA Davidson boosted their target price on Tecnoglass from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Stifel Nicolaus increased their price target on Tecnoglass from $50.00 to $59.00 and gave the company a "hold" rating in a research note on Friday, August 9th. Finally, Sidoti raised shares of Tecnoglass from a "neutral" rating to a "buy" rating and set a $68.00 price objective for the company in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.67.
Read Our Latest Stock Report on Tecnoglass
Tecnoglass Stock Performance
Shares of TGLS traded down $0.01 during midday trading on Wednesday, reaching $66.75. The stock had a trading volume of 128,199 shares, compared to its average volume of 386,090. The company has a current ratio of 2.43, a quick ratio of 1.80 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $58.53 and a 200-day simple moving average of $54.07. The firm has a market cap of $3.14 billion, a PE ratio of 20.28 and a beta of 1.86. Tecnoglass has a one year low of $28.21 and a one year high of $69.79.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The business had revenue of $219.65 million during the quarter, compared to analysts' expectations of $219.29 million. During the same period last year, the business earned $1.12 earnings per share. The firm's revenue was down 2.5% on a year-over-year basis.
Institutional Trading of Tecnoglass
Several hedge funds and other institutional investors have recently bought and sold shares of TGLS. Amalgamated Bank acquired a new position in Tecnoglass in the 2nd quarter valued at $39,000. EntryPoint Capital LLC bought a new stake in Tecnoglass during the first quarter worth about $227,000. X Square Capital LLC grew its stake in Tecnoglass by 5.7% during the second quarter. X Square Capital LLC now owns 4,363 shares of the company's stock worth $219,000 after buying an additional 237 shares in the last quarter. PFG Investments LLC bought a new position in Tecnoglass in the 2nd quarter valued at about $220,000. Finally, Tidal Investments LLC acquired a new position in shares of Tecnoglass in the 1st quarter valued at approximately $245,000. Institutional investors and hedge funds own 37.35% of the company's stock.
Tecnoglass Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Monday, September 30th. Tecnoglass's payout ratio is 12.68%.
About Tecnoglass
(
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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.
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