$0.13 EPS Expected for Andina Acquisition Corp (TGLS) This Quarter

Wall Street analysts predict that Andina Acquisition Corp (NASDAQ:TGLS) will post $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Andina Acquisition’s earnings. Andina Acquisition posted earnings per share of $0.15 during the same quarter last year, which indicates a negative year over year growth rate of 13.3%. The business is expected to report its next earnings results before the market opens on Wednesday, March 14th.

On average, analysts expect that Andina Acquisition will report full year earnings of $0.43 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $0.56 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Andina Acquisition.

Andina Acquisition (NASDAQ:TGLS) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Andina Acquisition had a return on equity of 12.75% and a net margin of 2.36%.

Several brokerages recently commented on TGLS. ValuEngine downgraded Andina Acquisition from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Zacks Investment Research downgraded Andina Acquisition from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded Andina Acquisition from a “hold” rating to a “buy” rating in a report on Thursday, January 11th.

Andina Acquisition (NASDAQ TGLS) opened at $8.96 on Tuesday. The firm has a market capitalization of $303.08, a PE ratio of 30.90, a PEG ratio of 0.79 and a beta of 0.70. Andina Acquisition has a 52 week low of $5.50 and a 52 week high of $12.10. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 1.79.

The company also recently declared a dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, December 29th were issued a $0.14 dividend. The ex-dividend date was Thursday, December 28th. Andina Acquisition’s dividend payout ratio (DPR) is 193.10%.

In other Andina Acquisition news, Director Martha L. Byorum sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $7.27, for a total transaction of $36,350.00. Following the completion of the transaction, the director now owns 95,751 shares in the company, valued at approximately $696,109.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martha L. Byorum sold 4,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $7.06, for a total value of $28,240.00. Following the transaction, the director now owns 113,651 shares of the company’s stock, valued at approximately $802,376.06. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock valued at $263,035 in the last 90 days. Insiders own 2.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Andina Acquisition by 36.7% in the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after buying an additional 5,902 shares during the period. Northern Trust Corp raised its position in shares of Andina Acquisition by 15.6% during the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares during the period. Vanguard Group Inc. raised its position in shares of Andina Acquisition by 24.6% during the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after purchasing an additional 15,261 shares during the period. Finally, Malaga Cove Capital LLC raised its position in shares of Andina Acquisition by 23.8% during the third quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after purchasing an additional 17,881 shares during the period. Institutional investors and hedge funds own 2.56% of the company’s stock.

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About Andina Acquisition

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.

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