Tecnoglass Inc (NASDAQ:TGLS) – Analysts at B. Riley raised their Q4 2018 earnings estimates for Tecnoglass in a note issued to investors on Thursday, November 8th. B. Riley analyst A. Rygiel now forecasts that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.17. B. Riley has a “Buy” rating and a $13.00 price target on the stock. B. Riley also issued estimates for Tecnoglass’ FY2019 earnings at $0.85 EPS.
Several other research analysts have also commented on TGLS. BidaskClub upgraded Tecnoglass from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded Tecnoglass from a “hold” rating to a “buy” rating in a report on Thursday. Dougherty & Co set a $13.00 price target on Tecnoglass and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research upgraded Tecnoglass from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Wednesday, August 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $12.00.
Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.17 by $0.07. Tecnoglass had a return on equity of 14.63% and a net margin of 4.34%. The business had revenue of $96.99 million for the quarter, compared to analyst estimates of $93.87 million.
An institutional investor recently raised its position in Tecnoglass stock. Rutabaga Capital Management LLC MA increased its holdings in shares of Tecnoglass Inc (NASDAQ:TGLS) by 26.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 734,667 shares of the company’s stock after purchasing an additional 152,277 shares during the quarter. Rutabaga Capital Management LLC MA owned 2.08% of Tecnoglass worth $6,384,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.07% of the company’s stock.
In related news, Director Martha L. Byorum sold 8,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $9.44, for a total transaction of $75,520.00. Following the completion of the sale, the director now directly owns 94,064 shares of the company’s stock, valued at approximately $887,964.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 67.20% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Friday, October 26th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Thursday, October 25th. Tecnoglass’s payout ratio is 175.00%.
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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