Equities analysts expect Tecnoglass Inc. (NASDAQ:TGLS) to announce sales of $99.68 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Tecnoglass’ earnings. The highest sales estimate is $101.60 million and the lowest is $97.44 million. Tecnoglass reported sales of $87.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The company is scheduled to issue its next earnings results on Friday, May 14th.
According to Zacks, analysts expect that Tecnoglass will report full year sales of $410.61 million for the current fiscal year, with estimates ranging from $409.74 million to $412.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $445.91 million, with estimates ranging from $445.00 million to $447.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Tecnoglass.
Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings results on Monday, March 1st. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Tecnoglass had a return on equity of 20.49% and a net margin of 4.45%.
Several analysts have recently issued reports on the company. Colliers Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of Tecnoglass in a report on Sunday, March 7th. DA Davidson upped their price objective on Tecnoglass from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, March 30th. Zacks Investment Research cut Tecnoglass from a “buy” rating to a “hold” rating in a report on Saturday, March 6th. Raymond James upped their price objective on Tecnoglass from $7.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, March 9th. Finally, B. Riley boosted their target price on Tecnoglass from $9.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, March 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.50.
Shares of TGLS traded up $0.62 during mid-day trading on Friday, hitting $13.14. 549,160 shares of the stock were exchanged, compared to its average volume of 140,607. The company has a market cap of $626.45 million, a PE ratio of 36.50, a price-to-earnings-growth ratio of 0.36 and a beta of 1.67. Tecnoglass has a 52-week low of $3.02 and a 52-week high of $13.86. The firm has a 50-day moving average of $9.83 and a two-hundred day moving average of $7.16. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.11 and a current ratio of 2.86.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.0275 per share. The ex-dividend date is Tuesday, March 30th. This represents a $0.11 annualized dividend and a dividend yield of 0.84%. This is an increase from Tecnoglass’s previous quarterly dividend of $0.03. Tecnoglass’s payout ratio is currently 15.94%.
Institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new position in Tecnoglass in the 3rd quarter valued at $60,000. Sowell Financial Services LLC bought a new position in Tecnoglass in the 4th quarter valued at $100,000. Virtu Financial LLC bought a new position in Tecnoglass in the 4th quarter valued at $139,000. Rothschild Investment Corp IL bought a new position in Tecnoglass in the 4th quarter valued at $238,000. Finally, Renaissance Technologies LLC bought a new position in Tecnoglass in the 4th quarter valued at $561,000. 15.64% of the stock is currently owned by institutional investors.
Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
See Also: Net Income
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