Q3 Earnings Estimate for Tecnoglass Issued By Sidoti

Key Points

• Sidoti forecast Tecnoglass EPS of $1.15 for Q3 2028 and $3.88 for FY2028; its FY2027 estimate was cut to $3.28 from $3.40.
• Tecnoglass reported quarterly EPS of $0.61, beating the $0.58 consensus, while revenue rose 19.2% year over year to $310.57 million.
• Analysts have a Moderate Buy consensus rating and an average price target of $63.33; three rate the stock Buy and two Hold.

Tecnoglass Inc. (NYSE:TGLS - Free Report) - Sidoti issued their Q3 2028 earnings estimates for shares of Tecnoglass in a research report issued to clients and investors on Tuesday, November 10th. Sidoti analyst J. Romero forecasts that the company will post earnings per share of $1.15 for the quarter. The consensus estimate for Tecnoglass' current full-year earnings is $2.54 per share. Sidoti also issued estimates for Tecnoglass' FY2028 earnings at $3.88 EPS.

Tecnoglass (NYSE:TGLS - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $310.57 million during the quarter. Tecnoglass had a net margin of 9.57% and a return on equity of 14.99%. The company's revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS.

A number of other analysts have also recently commented on the company. Weiss Ratings upgraded Tecnoglass from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Zacks Research raised Tecnoglass from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.33.

Tecnoglass Price Performance

NYSE TGLS opened at $45.86 on Friday. The company has a market capitalization of $2.03 billion and a PE ratio of 19.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.17 and a current ratio of 1.90. The business's fifty day moving average is $38.49 and its 200 day moving average is $42.92. Tecnoglass has a fifty-two week low of $34.05 and a fifty-two week high of $54.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State of Wyoming raised its holdings in Tecnoglass by 53.1% during the first quarter. State of Wyoming now owns 1,415 shares of the company's stock valued at $63,000 after acquiring an additional 491 shares during the period. Parallel Advisors LLC boosted its stake in shares of Tecnoglass by 444.0% in the first quarter. Parallel Advisors LLC now owns 952 shares of the company's stock worth $42,000 after acquiring an additional 777 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Tecnoglass by 59.3% in the first quarter. Sanctuary Advisors LLC now owns 6,903 shares of the company's stock worth $308,000 after acquiring an additional 2,570 shares during the period. Quantinno Capital Management LP grew its position in shares of Tecnoglass by 30.9% during the first quarter. Quantinno Capital Management LP now owns 12,743 shares of the company's stock worth $568,000 after purchasing an additional 3,009 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Tecnoglass by 28.1% during the second quarter. Envestnet Asset Management Inc. now owns 13,847 shares of the company's stock worth $648,000 after purchasing an additional 3,038 shares in the last quarter. Institutional investors own 37.35% of the company's stock.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. Tecnoglass's payout ratio is 25.64%.

Latest Tecnoglass News

These are some of the TGLS news items that stood out recently:

• Positive Sentiment: Sidoti forecasts FY2028 EPS of $3.88 and Q3 2028 EPS of $1.15, suggesting potential longer-term earnings growth. Tecnoglass analyst estimates
• Neutral Sentiment: The analyst raised its Q1 2027 EPS forecast to $0.54 from $0.50, but left other 2027 and 2028 quarterly forecasts at varied levels. Tecnoglass analyst estimates
• Negative Sentiment: Sidoti cut its FY2027 EPS estimate to $3.28 from $3.40 and lowered estimates for Q4 2026 ($0.56 from $0.65), Q2 2027 ($0.82 from $0.91), Q3 2027 ($0.97 from $1.00) and Q4 2027 ($0.95 from $0.99). These revisions could weigh on sentiment around near-term earnings expectations. Tecnoglass analyst estimates

Tecnoglass Company Profile

Tecnoglass Inc. manufactures architectural glass, windows and aluminum products for residential and commercial construction. Its offerings include insulated and laminated glass, impact-resistant windows, curtain wall systems, storefronts and other building-envelope products. Founded in 1984, the company is based in Barranquilla, Colombia, where it operates manufacturing facilities. Tecnoglass serves customers in the United States, Colombia and other markets in the Americas, with the U.S. as a major market.

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