Equities Analysts Issue Forecasts for Tecnoglass Inc’s FY2019 Earnings (TGLS)

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Tecnoglass Inc (NASDAQ:TGLS) – Investment analysts at Dougherty & Co issued their FY2019 earnings per share estimates for shares of Tecnoglass in a research note issued to investors on Monday, March 11th. Dougherty & Co analyst J. Hamblin expects that the company will earn $0.70 per share for the year.

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

TGLS has been the subject of several other reports. Zacks Investment Research cut shares of Tecnoglass from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Finally, ValuEngine cut shares of Tecnoglass from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.75.

Shares of TGLS stock opened at $7.61 on Thursday. The firm has a market cap of $304.74 million, a PE ratio of 8.95, a PEG ratio of 0.57 and a beta of 1.32. Tecnoglass has a one year low of $7.00 and a one year high of $10.29. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.78 and a current ratio of 2.39.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, January 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $0.56 annualized dividend and a yield of 7.36%. Tecnoglass’s payout ratio is 65.88%.

In related news, Director Martha L. Byorum sold 5,994 shares of the firm’s stock in a transaction on 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 $674,803.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Tecnoglass by 8,803.0% in the 4th quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock worth $435,000 after buying an additional 53,258 shares in the last quarter. Crestline Management LP purchased a new position in shares of Tecnoglass during the 3rd quarter worth about $553,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Tecnoglass during the 4th quarter worth about $687,000. California Public Employees Retirement System boosted its stake 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 purchasing an additional 1,496 shares during the period. Finally, Renaissance Technologies LLC boosted its stake 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 during the period. 4.33% of the stock is owned by institutional investors.

About Tecnoglass

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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