Tecnoglass Inc. (NASDAQ:TGLS) Plans Quarterly Dividend of $0.11
Tecnoglass Inc. (NASDAQ:TGLS) announced a quarterly dividend of $0.11 per share, payable on October 31st to shareholders of record by September 30th. This translates to an annualized dividend of $0.44, yielding 0.75%. Analysts project Tecnoglass will continue to cover its dividend due to a low payout ratio of 10.7%. In recent trading, Tecnoglass stock experienced a minor decline, and it has maintained a moderate buy rating from research analysts, with an average target price of $18.83.
Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) declared a quarterly dividend on Friday, September 6th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.11 per share on Thursday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.75%. The ex-dividend date is Monday, September 30th.
- Tecnoglass Shines Bright As Analysts Bullish On Growth Potential
Tecnoglass has raised its dividend payment by an average of 48.5% annually over the last three years. Tecnoglass has a payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Tecnoglass to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 11.0%.
Tecnoglass Stock Performance
Tecnoglass stock traded down $1.03 during trading hours on Friday, hitting $59.05. The stock had a trading volume of 237,783 shares, compared to its average volume of 388,978. Tecnoglass has a fifty-two week low of $28.21 and a fifty-two week high of $63.13. The company has a market cap of $2.78 billion, a PE ratio of 17.32 and a beta of 1.86. The company has a 50-day moving average of $55.19 and a two-hundred day moving average of $52.14. The company has a quick ratio of 1.80, a current ratio of 2.43 and a debt-to-equity ratio of 0.24.
- Will Fed Rate-Hike Pause Lead To Small-Cap Outperformance?
Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Tecnoglass had a return on equity of 28.12% and a net margin of 17.97%. The company had revenue of $219.65 million for the quarter, compared to the consensus estimate of $219.29 million. During the same quarter in the prior year, the business posted $1.12 EPS. The firm's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Tecnoglass will post 3.42 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
TGLS has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. DA Davidson boosted their target price on shares of Tecnoglass from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Sidoti raised shares of Tecnoglass from a "neutral" rating to a "buy" rating and set a $68.00 target price on the stock in a research note on Wednesday, June 26th. Robert W. Baird boosted their target price on shares of Tecnoglass from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Finally, B. Riley reissued a "buy" rating and issued a $60.00 price objective (down previously from $65.00) on shares of Tecnoglass in a research note on Friday, May 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tecnoglass currently has a consensus rating of "Moderate Buy" and an average price target of $60.83.
- Small Building Supply Companies Notch Big Gains Amid Construction Boom
Read Our Latest Report on Tecnoglass
About Tecnoglass
(Get Free Report)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.
Further Reading
- Five stocks we like better than Tecnoglass
- How to Buy Cheap Stocks Step by Step
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- What Do S&P 500 Stocks Tell Investors About the Market?
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ “Backdoor” Apple opportunity to shut September 10? (From InvestorPlace) (Ad)
Should you invest $1,000 in Tecnoglass right now?
Before you consider Tecnoglass, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tecnoglass wasn't on the list.
While Tecnoglass currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
