Sidoti Issues Negative Forecast for Tecnoglass Earnings

Key Points

• Sidoti cut forecasts: Sidoti lowered its Q3 2026 EPS estimate for Tecnoglass to $1.01 from $1.25 and now projects FY2026 EPS of $3.47 and FY2027 EPS of $4.00.
• Stock fell after a miss: Tecnoglass slid about 5.7% after reporting a recent quarter EPS of $0.63 versus a $0.84 consensus, despite revenue rising 3% year‑over‑year to $245.3 million.
• Mixed analyst sentiment with a Hold consensus: Several firms trimmed ratings or targets (including a Zacks downgrade to "strong sell"), but MarketBeat shows a consensus "Hold" and an average target price of $67.50 versus the current roughly $41.61 share price.

Tecnoglass Inc. (NYSE:TGLS - Free Report) - Investment analysts at Sidoti cut their Q3 2026 earnings estimates for shares of Tecnoglass in a research report issued on Thursday, March 5th. Sidoti analyst J. Romero now anticipates that the company will post earnings of $1.01 per share for the quarter, down from their prior forecast of $1.25. Sidoti also issued estimates for Tecnoglass' Q4 2026 earnings at $0.93 EPS, FY2026 earnings at $3.47 EPS, Q1 2027 earnings at $0.67 EPS, Q2 2027 earnings at $0.99 EPS and FY2027 earnings at $4.00 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Tecnoglass from a "hold" rating to a "strong sell" rating in a research note on Monday, March 2nd. DA Davidson cut their target price on Tecnoglass from $80.00 to $70.00 and set a "buy" rating on the stock in a research report on Monday, March 2nd. B. Riley Financial reduced their target price on Tecnoglass from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Tecnoglass in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Tecnoglass has a consensus rating of "Hold" and an average target price of $67.50.

Tecnoglass Trading Down 5.7%

NYSE:TGLS opened at $41.61 on Monday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.53 and a beta of 1.72. Tecnoglass has a one year low of $41.48 and a one year high of $90.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 1.86. The business's 50-day simple moving average is $50.45 and its 200 day simple moving average is $56.42.

Tecnoglass (NYSE:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.21). Tecnoglass had a net margin of 16.22% and a return on equity of 23.05%. The firm had revenue of $245.30 million during the quarter. During the same period in the prior year, the firm posted $1.05 earnings per share. Tecnoglass's revenue was up 3.0% compared to the same quarter last year.

Institutional Trading of Tecnoglass

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its holdings in Tecnoglass by 5.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,485 shares of the company's stock worth $192,000 after buying an additional 135 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Tecnoglass by 8.3% in the 1st quarter. Royal Bank of Canada now owns 3,121 shares of the company's stock valued at $224,000 after acquiring an additional 238 shares during the last quarter. Blue Chip Partners LLC raised its position in shares of Tecnoglass by 6.3% during the 4th quarter. Blue Chip Partners LLC now owns 4,250 shares of the company's stock valued at $214,000 after acquiring an additional 250 shares in the last quarter. First Horizon Corp raised its position in shares of Tecnoglass by 63.3% during the 4th quarter. First Horizon Corp now owns 673 shares of the company's stock valued at $34,000 after acquiring an additional 261 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Tecnoglass by 2.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 12,459 shares of the company's stock worth $627,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.

Tecnoglass Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Tecnoglass's payout ratio is currently 17.54%.

Tecnoglass Company Profile

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company's product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.