Tecnoglass (NASDAQ:TGLS - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Tecnoglass to post earnings of $0.97 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The company had revenue of $219.65 million during the quarter, compared to analysts' expectations of $219.29 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. Tecnoglass's quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts expect Tecnoglass to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Tecnoglass Price Performance
TGLS stock traded down $1.43 during midday trading on Thursday, reaching $68.53. 192,785 shares of the company's stock traded hands, compared to its average volume of 369,447. The company has a 50-day simple moving average of $67.42 and a two-hundred day simple moving average of $57.65. The company has a quick ratio of 1.80, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. Tecnoglass has a 1-year low of $28.21 and a 1-year high of $80.51. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 19.81 and a beta of 1.86.
Tecnoglass Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.11 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.64%. Tecnoglass's dividend payout ratio (DPR) is presently 12.68%.
Analyst Ratings Changes
A number of brokerages have commented on TGLS. Sidoti lowered shares of Tecnoglass from a "buy" rating to a "neutral" rating and set a $78.00 price objective on the stock. in a report on Tuesday, October 22nd. B. Riley reissued a "neutral" rating and issued a $72.00 price target (up previously from $69.00) on shares of Tecnoglass in a report on Thursday, October 10th. Raymond James lowered Tecnoglass from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on Tecnoglass from $50.00 to $59.00 and gave the company a "hold" rating in a research note on Friday, August 9th. Finally, Robert W. Baird raised their price target on Tecnoglass from $76.00 to $85.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tecnoglass has an average rating of "Hold" and a consensus target price of $67.33.
Check Out Our Latest Stock Analysis on Tecnoglass
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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