Tecnoglass Inc. (NASDAQ:TGLS) Declares Quarterly Dividend of $0.15

Key Points

• Tecnoglass Inc. declared a quarterly dividend of $0.15 per share, payable on October 31st to shareholders of record as of September 30th, with an annual yield of 0.8%.
• The company reported a quarterly revenue increase of 16.3% year-over-year and achieved earnings per share of $1.03, surpassing analysts' estimates.
• Tecnoglass has received favorable ratings from analysts, with an average target price of $89.00 and a strong buy rating from one analyst, indicating a positive outlook for the stock.

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) declared a quarterly dividend on Thursday, September 11th. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.15 per share on Friday, October 31st. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 30th.

Tecnoglass has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tecnoglass to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.4%.

Tecnoglass Price Performance

Tecnoglass stock opened at $73.59 on Friday. The business's fifty day moving average is $74.93 and its two-hundred day moving average is $75.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. The firm has a market cap of $3.46 billion, a P/E ratio of 23.00 and a beta of 1.87. Tecnoglass has a 52 week low of $59.77 and a 52 week high of $90.34.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.07. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.The business's quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. Tecnoglass has set its FY 2025 guidance at EPS. Equities research analysts forecast that Tecnoglass will post 3.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Tecnoglass in a research note on Friday, May 16th. They issued a "buy" rating and a $100.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Tecnoglass has an average rating of "Moderate Buy" and an average target price of $89.00.

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.

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