Tecnoglass Inc to Issue Quarterly Dividend of $0.14 (NASDAQ:TGLS)

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Tecnoglass Inc (NASDAQ:TGLS) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, November 29th will be given a dividend of 0.14 per share on Friday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Wednesday, November 27th.

TGLS opened at $8.84 on Friday. The stock has a market cap of $392.96 million, a PE ratio of 10.40, a P/E/G ratio of 0.55 and a beta of 1.00. The company has a quick ratio of 1.75, a current ratio of 2.41 and a debt-to-equity ratio of 1.38. Tecnoglass has a 52 week low of $6.08 and a 52 week high of $10.08. The business’s fifty day simple moving average is $7.97 and its 200 day simple moving average is $7.27.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $108.47 million during the quarter, compared to the consensus estimate of $102.95 million. Tecnoglass had a net margin of 4.04% and a return on equity of 21.77%. As a group, equities analysts anticipate that Tecnoglass will post 0.74 earnings per share for the current year.

TGLS has been the subject of several analyst reports. ValuEngine lowered shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Monday. Dougherty & Co restated a “buy” rating on shares of Tecnoglass in a research report on Thursday, August 22nd. Zacks Investment Research lowered shares of Tecnoglass from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. BidaskClub upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird set a $11.00 price target on shares of Tecnoglass and gave the company a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.79.

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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Dividend History for Tecnoglass (NASDAQ:TGLS)

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