Tecnoglass (NASDAQ:TGLS) is set to reveal its quarterly earnings before the market opens on Thursday, November 7th. Analysts are predicting earnings of $0.97 per share for the quarter. If you’re interested in joining the company’s conference call, you can sign up using the provided link. In the previous earnings report on August 8th, Tecnoglass exceeded expectations by reporting $0.86 earnings per share, surpassing the estimated $0.83 by $0.03. The company’s net margin was 17.97% with a return on equity of 28.12%. Revenue for the quarter was $219.65 million, slightly higher than the anticipated $219.29 million. However, there was a 2.5% decrease in quarterly revenue compared to the same period last year. Analysts have projected earnings of $3 per share for the current fiscal year and $4 per share for the next fiscal year.
Tecnoglass stock experienced a decline of $1.43 during midday trading on Thursday, reaching $68.53. A total of 192,785 shares were traded, compared to the average volume of 369,447 shares. The company’s 50-day simple moving average stands at $67.42, with a two-hundred day simple moving average of $57.65. Tecnoglass has a quick ratio of 1.80, a current ratio of 2.43, and a debt-to-equity ratio of 0.24. The stock has fluctuated between a 1-year low of $28.21 and a 1-year high of $80.51, with a market capitalization of $3.22 billion and a price-to-earnings ratio of 19.81.
The company recently announced a quarterly dividend, with a payment date on Thursday, October 31st. Stockholders as of Monday, September 30th will receive a $0.11 dividend, resulting in an annualized $0.44 dividend and a dividend yield of 0.64%. Tecnoglass’s dividend payout ratio currently stands at 12.68%. Several brokerages have adjusted their ratings for Tecnoglass, with four analysts giving a hold rating and two issuing a buy rating. The average rating for Tecnoglass is “Hold” with a consensus target price of $67.33.
Tecnoglass Inc specializes in manufacturing, supplying, and installing architectural glass, windows, and related aluminum and vinyl products for commercial and residential construction markets in various countries. The company offers a range of glass products including low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.
While Tecnoglass may currently have a “Hold” rating from analysts, there are five other stocks that top analysts are recommending as better investment options. MarketBeat has identified these top-rated stocks that analysts are advising their clients to buy now before the wider market catches on. If you’re considering investing in Tecnoglass or other stocks, it’s worth checking out these recommendations to make an informed decision.
