Analysts Anticipate Tecnoglass Inc (TGLS) Will Post Quarterly Sales of $95.72 Million

Equities analysts predict that Tecnoglass Inc (NASDAQ:TGLS) will post $95.72 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided 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 business is scheduled to issue its next earnings results before the market opens on Thursday, May 9th.

On average, analysts expect that Tecnoglass will report full year sales of $405.31 million for the current financial year, with estimates ranging from $404.42 million to $406.20 million. For the next fiscal year, analysts anticipate that the firm will report sales of $443.38 million, with estimates ranging from $438.10 million to $448.65 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Tecnoglass.

Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Thursday, March 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.10. Tecnoglass had a net margin of 2.39% and a return on equity of 22.76%. The firm had revenue of $97.86 million during the quarter, compared to analysts’ expectations of $95.14 million.

TGLS has been the subject of several recent research reports. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a report on Monday, February 25th. B. Riley restated a “buy” rating on shares of Tecnoglass in a research report on Friday, March 22nd. Zacks Investment Research upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Saturday, February 16th. Robert W. Baird initiated coverage on shares of Tecnoglass in a research report on Wednesday, April 10th. They set an “outperform” rating and a $10.00 price target on the stock. Finally, ValuEngine lowered shares of Tecnoglass from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.31.

Shares of Tecnoglass stock traded down $0.03 during trading on Tuesday, hitting $7.11. 56,880 shares of the company’s stock were exchanged, compared to its average volume of 69,180. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.39 and a quick ratio of 1.64. Tecnoglass has a 52-week low of $6.95 and a 52-week high of $10.29. The stock has a market cap of $272.37 million, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.29.

The business also recently announced a quarterly dividend, which will be paid on Sunday, May 26th. Stockholders of record on Tuesday, April 30th will be given a $0.14 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.56 annualized dividend and a dividend yield of 7.88%. Tecnoglass’s dividend payout ratio (DPR) is 65.88%.

In other news, Director Martha L. Byorum sold 5,994 shares of Tecnoglass stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $8.46, for a total value of $50,709.24. Following the sale, the director now owns 79,764 shares in the company, valued at $674,803.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TGLS. Renaissance Technologies LLC boosted its position in Tecnoglass by 117.1% during the third quarter. Renaissance Technologies LLC now owns 95,794 shares of the company’s stock worth $942,000 after acquiring an additional 51,671 shares during the last quarter. California Public Employees Retirement System boosted its position in Tecnoglass by 1.7% during the fourth quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock worth $720,000 after acquiring an additional 1,496 shares during the last quarter. Perritt Capital Management Inc. boosted its position in Tecnoglass by 17.6% during the fourth quarter. Perritt Capital Management Inc. now owns 139,752 shares of the company’s stock worth $1,128,000 after acquiring an additional 20,882 shares during the last quarter. BlackRock Inc. boosted its position in Tecnoglass by 8,803.0% during the fourth quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock worth $435,000 after acquiring an additional 53,258 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Tecnoglass during the fourth quarter worth about $687,000. Hedge funds and other institutional investors own 4.43% of the company’s stock.

Tecnoglass Company Profile

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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