Equities research analysts expect Tecnoglass Inc. (NASDAQ:TGLS) to report earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Tecnoglass’ earnings, with estimates ranging from $0.36 to $0.39. Tecnoglass posted earnings of $0.22 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 72.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, March 1st.
On average, analysts expect that Tecnoglass will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.61. For the next financial year, analysts anticipate that the company will post earnings of $1.71 per share, with EPS estimates ranging from $1.38 to $1.88. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Tecnoglass.
Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Monday, November 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. Tecnoglass had a net margin of 14.35% and a return on equity of 31.26%. During the same quarter in the previous year, the business posted $0.28 EPS.
Several equities analysts recently commented on TGLS shares. Zacks Investment Research upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Thursday, November 11th. Raymond James upped their price target on shares of Tecnoglass from $26.00 to $35.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 9th. Robert W. Baird upped their target price on shares of Tecnoglass from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 9th. B. Riley upgraded shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Tuesday, November 9th. Finally, Sidoti assumed coverage on shares of Tecnoglass in a research note on Tuesday, September 21st. They issued a “neutral” rating and a $25.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tecnoglass presently has an average rating of “Buy” and an average price target of $27.71.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGLS. Royal Bank of Canada boosted its stake in shares of Tecnoglass by 349.1% during the first quarter. Royal Bank of Canada now owns 74,749 shares of the company’s stock valued at $898,000 after purchasing an additional 58,103 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Tecnoglass during the first quarter valued at approximately $247,000. Morgan Stanley lifted its position in Tecnoglass by 388.2% during the first quarter. Morgan Stanley now owns 5,038 shares of the company’s stock valued at $61,000 after acquiring an additional 4,006 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Tecnoglass during the second quarter valued at approximately $2,659,000. Finally, USA Financial Portformulas Corp purchased a new stake in Tecnoglass during the second quarter valued at approximately $103,000. Hedge funds and other institutional investors own 19.06% of the company’s stock.
NASDAQ:TGLS traded down $0.54 during mid-day trading on Friday, hitting $31.77. 313,973 shares of the stock traded hands, compared to its average volume of 319,447. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.13 and a beta of 1.80. Tecnoglass has a 52 week low of $5.48 and a 52 week high of $34.90. The firm’s 50 day moving average is $28.49 and its two-hundred day moving average is $23.43. The company has a quick ratio of 1.96, a current ratio of 2.16 and a debt-to-equity ratio of 0.80.
About Tecnoglass
Tecnoglass, Inc is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of specification architectural glass and windows products sold to the construction industry. It operates through the following geographical segments: Colombia, United States, Panama, and Other.
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