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

Tecnoglass Inc (NASDAQ:TGLS) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders 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 stock opened at $8.84 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 1.38. Tecnoglass has a one year low of $6.08 and a one year high of $10.08. The firm has a market capitalization 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 firm has a 50-day moving average of $7.97 and a two-hundred day moving average of $7.27.

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

TGLS has been the subject of a number of analyst reports. DA Davidson lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research lowered shares of Tecnoglass from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Dougherty & Co reaffirmed a “buy” rating on shares of Tecnoglass in a research note on Thursday, August 22nd. BidaskClub raised 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 stock a “buy” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company has an average 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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