FY2025 Earnings Estimate for Tecnoglass Issued By B. Riley

Tecnoglass Inc. (NASDAQ:TGLS) – Equities researchers at B. Riley reduced their FY2025 EPS estimates for shares of Tecnoglass in a research report issued on Friday, November 7th. B. Riley analyst R. Seth now anticipates that the company will earn $3.81 per share for the year, down from their prior forecast of $4.24. The consensus estimate for Tecnoglass’ current full-year earnings is $3.53 per share.

Separately, DA Davidson dropped their price objective on shares of Tecnoglass from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Tecnoglass currently has an average rating of “Strong Buy” and a consensus price target of $90.00.

Tecnoglass Stock Performance

NASDAQ:TGLS opened at $46.44 on Monday. The company has a market capitalization of $2.18 billion, a P/E ratio of 14.51 and a beta of 1.78. The business has a fifty day simple moving average of $63.99 and a two-hundred day simple moving average of $73.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass has a 1 year low of $46.11 and a 1 year high of $90.34.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.During the same quarter in the prior year, the firm posted $1.08 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Tecnoglass has set its FY 2025 guidance at EPS.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Tecnoglass’s payout ratio is 15.58%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Semanteon Capital Management LP bought a new stake in Tecnoglass during the third quarter valued at $564,000. Citigroup Inc. boosted its position in shares of Tecnoglass by 445.3% during the 3rd quarter. Citigroup Inc. now owns 526,061 shares of the company’s stock valued at $35,199,000 after acquiring an additional 429,590 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of Tecnoglass by 121.8% during the third quarter. CenterBook Partners LP now owns 79,616 shares of the company’s stock worth $5,327,000 after purchasing an additional 43,716 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Tecnoglass by 11.4% during the third quarter. Vanguard Group Inc. now owns 625,529 shares of the company’s stock worth $41,854,000 after purchasing an additional 63,993 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Tecnoglass by 53.4% in the third quarter. JPMorgan Chase & Co. now owns 33,460 shares of the company’s stock worth $2,239,000 after purchasing an additional 11,649 shares during the last quarter. Institutional investors own 37.35% of the company’s stock.

About Tecnoglass

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.