Q1 2019 Earnings Estimate for Tecnoglass Inc (TGLS) Issued By Dougherty & Co

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Tecnoglass Inc (NASDAQ:TGLS) – Equities researchers at Dougherty & Co reduced their Q1 2019 earnings per share estimates for shares of Tecnoglass in a note issued to investors on Tuesday, April 16th. Dougherty & Co analyst J. Hamblin now expects that the company will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.15. Dougherty & Co also issued estimates for Tecnoglass’ FY2019 earnings at $0.71 EPS and FY2020 earnings at $0.87 EPS.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Thursday, March 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.17 by $0.10. The business had revenue of $97.86 million during the quarter, compared to analyst estimates of $95.14 million. Tecnoglass had a net margin of 2.39% and a return on equity of 22.76%.

Several other equities research analysts also recently commented on the stock. BidaskClub downgraded shares of Tecnoglass from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. B. Riley restated a “buy” rating on shares of Tecnoglass in a research report on Friday, March 22nd. ValuEngine downgraded shares of Tecnoglass from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Robert W. Baird initiated coverage on shares of Tecnoglass in a research report on Wednesday, April 10th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Tecnoglass from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Tecnoglass currently has a consensus rating of “Hold” and an average price target of $11.31.

Shares of NASDAQ:TGLS opened at $7.14 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.39 and a quick ratio of 1.64. The company has a market capitalization of $271.60 million, a P/E ratio of 8.40, a PEG ratio of 0.48 and a beta of 1.29. Tecnoglass has a 52 week low of $6.95 and a 52 week high of $10.29.

The company also recently declared a quarterly dividend, which will be paid on Sunday, May 26th. Investors 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 7.84%. Tecnoglass’s dividend payout ratio (DPR) is presently 65.88%.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Perritt Capital Management Inc. lifted its position in Tecnoglass by 17.6% in the 4th quarter. Perritt Capital Management Inc. now owns 139,752 shares of the company’s stock worth $1,128,000 after buying an additional 20,882 shares in the last quarter. Renaissance Technologies LLC lifted its position in Tecnoglass by 117.1% in the 3rd quarter. Renaissance Technologies LLC now owns 95,794 shares of the company’s stock worth $942,000 after buying an additional 51,671 shares in the last quarter. California Public Employees Retirement System lifted its position in Tecnoglass by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock worth $720,000 after buying an additional 1,496 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Tecnoglass in the 4th quarter worth approximately $687,000. Finally, National Investment Services Inc. WI purchased a new stake in Tecnoglass in the 1st quarter worth approximately $443,000. 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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