$0.18 EPS Expected for Tecnoglass Inc (TGLS) This Quarter

Equities analysts expect that Tecnoglass Inc (NASDAQ:TGLS) will post earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Tecnoglass’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.22. Tecnoglass posted earnings per share of $0.20 in the same quarter last year, which suggests a negative year over year growth rate of 10%. The company is scheduled to issue its next earnings results on Wednesday, August 14th.

On average, analysts expect that Tecnoglass will report full year earnings of $0.74 per share for the current year, with EPS estimates ranging from $0.69 to $0.77. For the next year, analysts expect that the firm will report earnings of $0.88 per share, with EPS estimates ranging from $0.82 to $0.94. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Tecnoglass.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Tecnoglass had a net margin of 1.44% and a return on equity of 23.12%. The company had revenue of $107.17 million for the quarter, compared to analyst estimates of $95.72 million.

Several analysts recently issued reports on TGLS shares. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a report on Monday, February 25th. B. Riley reissued a “buy” rating on shares of Tecnoglass in a report on Friday, March 22nd. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a report on Saturday, February 16th. Robert W. Baird initiated coverage on shares of Tecnoglass in a report on Wednesday, April 10th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, ValuEngine downgraded shares of Tecnoglass from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Tecnoglass presently has a consensus rating of “Hold” and an average price target of $10.45.

Shares of NASDAQ TGLS traded up $0.01 during trading hours on Tuesday, hitting $7.02. 44,932 shares of the stock were exchanged, compared to its average volume of 66,510. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.66. The company has a market cap of $267.41 million, a P/E ratio of 8.26, a P/E/G ratio of 0.46 and a beta of 1.27. Tecnoglass has a one year low of $6.90 and a one year high of $10.29.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 26th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date is Monday, April 29th. Tecnoglass’s payout ratio is 65.88%.

In other news, Director Martha L. Byorum sold 5,994 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $8.46, for a total transaction of $50,709.24. Following the completion of the transaction, the director now directly owns 79,764 shares of the company’s stock, valued at approximately $674,803.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its holdings in shares of Tecnoglass by 1.7% during the 4th 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 period. Raymond James & Associates acquired a new stake in shares of Tecnoglass during the 1st quarter worth about $83,000. Perritt Capital Management Inc. increased its position in shares of Tecnoglass by 17.6% during the 4th quarter. Perritt Capital Management Inc. now owns 139,752 shares of the company’s stock worth $1,128,000 after purchasing an additional 20,882 shares in the last quarter. Pinnacle Associates Ltd. acquired a new stake in shares of Tecnoglass during the 1st quarter worth about $256,000. Finally, Renaissance Technologies LLC increased its position in shares of Tecnoglass by 117.1% during the 3rd quarter. Renaissance Technologies LLC now owns 95,794 shares of the company’s stock worth $942,000 after purchasing an additional 51,671 shares in the last quarter. 4.43% of the stock is owned by institutional investors.

About Tecnoglass

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.

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