Zacks: Brokerages Anticipate Tecnoglass Inc. (TGLS) Will Announce Earnings of $0.13 Per Share
Wall Street analysts expect Tecnoglass Inc. (NASDAQ:TGLS) to report $0.13 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Tecnoglass’ earnings. Tecnoglass reported earnings of $0.15 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 13.3%. The firm is expected to issue its next earnings results on Friday, March 9th.
According to Zacks, analysts expect that Tecnoglass will report full year earnings of $0.43 per share for the current financial year. For the next year, analysts forecast that the business will post earnings of $0.56 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Tecnoglass.
A number of analysts recently issued reports on TGLS shares. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Wednesday, November 22nd. Dougherty & Co downgraded shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. Finally, BidaskClub downgraded shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.
A number of large investors have recently modified their holdings of the business. Kennedy Capital Management Inc. grew its position in Tecnoglass by 113.9% in the second quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after acquiring an additional 155,847 shares in the last quarter. Boston Partners acquired a new stake in Tecnoglass in the second quarter valued at approximately $975,000. Malaga Cove Capital LLC grew its position in Tecnoglass by 23.8% in the third quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock valued at $654,000 after acquiring an additional 17,881 shares in the last quarter. Vanguard Group Inc. grew its position in Tecnoglass by 24.6% in the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after acquiring an additional 15,261 shares in the last quarter. Finally, Northern Trust Corp grew its position in Tecnoglass by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after acquiring an additional 4,588 shares in the last quarter. 2.56% of the stock is owned by institutional investors.
Tecnoglass (NASDAQ:TGLS) traded up $0.04 on Wednesday, reaching $7.44. 27,866 shares of the company were exchanged, compared to its average volume of 42,240. The firm has a market cap of $246.58, a P/E ratio of 16.36, a PEG ratio of 0.84 and a beta of 0.51. Tecnoglass has a 12-month low of $5.50 and a 12-month high of $12.34. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tecnoglass Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass Inc. and related companies with MarketBeat.com's FREE daily email newsletter.