Zacks: Analysts Anticipate Tecnoglass Inc. (NASDAQ:TGLS) to Announce $0.57 Earnings Per Share

Wall Street brokerages expect that Tecnoglass Inc. (NASDAQ:TGLS – Get Rating) will report $0.57 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tecnoglass’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.60. Tecnoglass reported earnings per share of $0.41 in the same quarter last year, which would indicate a positive year-over-year growth rate of 39%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Tecnoglass will report full-year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.30. For the next financial year, analysts anticipate that the business will post earnings of $2.55 per share, with EPS estimates ranging from $2.49 to $2.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Tecnoglass.

Tecnoglass (NASDAQ:TGLS – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. Tecnoglass had a net margin of 15.58% and a return on equity of 36.99%. During the same quarter last year, the business earned $0.35 EPS.

TGLS has been the topic of a number of research reports. B. Riley reduced their target price on shares of Tecnoglass from $37.00 to $32.00 in a report on Thursday, May 5th. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a report on Saturday, May 7th. StockNews.com assumed coverage on shares of Tecnoglass in a report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Raymond James decreased their price target on shares of Tecnoglass from $35.00 to $30.00 and set a “strong-buy” rating on the stock in a research note on Friday, March 4th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Tecnoglass currently has a consensus rating of “Buy” and an average target price of $32.00.

A number of institutional investors and hedge funds have recently bought and sold shares of TGLS. BNP Paribas Arbitrage SA purchased a new position in shares of Tecnoglass during the 1st quarter worth $29,000. Quantbot Technologies LP purchased a new position in shares of Tecnoglass during the 1st quarter valued at $166,000. Royal Bank of Canada lifted its position in Tecnoglass by 10.7% during the 1st quarter. Royal Bank of Canada now owns 38,015 shares of the company’s stock worth $959,000 after acquiring an additional 3,668 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Tecnoglass by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 19,224 shares of the company’s stock valued at $485,000 after acquiring an additional 1,106 shares during the period. Finally, State Street Corp lifted its position in shares of Tecnoglass by 1.6% during the first quarter. State Street Corp now owns 72,038 shares of the company’s stock worth $1,823,000 after purchasing an additional 1,138 shares in the last quarter. 22.40% of the stock is owned by hedge funds and other institutional investors.

NASDAQ TGLS traded down $1.06 during trading hours on Tuesday, hitting $19.11. 241,628 shares of the company’s stock traded hands, compared to its average volume of 258,505. Tecnoglass has a 52-week low of $17.00 and a 52-week high of $34.90. The company has a market capitalization of $911.07 million, a PE ratio of 11.31 and a beta of 1.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.16 and a quick ratio of 1.51. The firm’s 50-day moving average is $23.40 and its 200-day moving average is $24.30.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, March 31st were given a dividend of $0.065 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.26 dividend on an annualized basis and a yield of 1.36%. Tecnoglass’s payout ratio is 15.38%.

Tecnoglass Company Profile (Get Rating)

Tecnoglass Inc, through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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