Tecnoglass (NASDAQ:TGLS) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Tecnoglass reported earnings of $1.03 per share, exceeding consensus estimates of $0.96 by $0.07, with a net margin of 17.82% and a return on equity of 27.71%.
• The company also declared a quarterly dividend of $0.15 per share, yielding 0.8%, with a dividend payout ratio of 16.22%.
• Several hedge funds have increased their stakes in Tecnoglass recently, indicating growing investor confidence in the company.

Tecnoglass (NASDAQ:TGLS - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07, Briefing.com reports. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. The firm's revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. Tecnoglass updated its FY 2025 guidance to EPS.

Tecnoglass Trading Down 1.2%

NASDAQ:TGLS traded down $0.90 during mid-day trading on Friday, hitting $74.26. 519,399 shares of the stock traded hands, compared to its average volume of 354,746. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 23.20 and a beta of 1.85. Tecnoglass has a 52 week low of $53.99 and a 52 week high of $90.34. The firm's 50 day moving average is $78.28 and its two-hundred day moving average is $75.69. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20.

Tecnoglass Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 30th. Tecnoglass's dividend payout ratio is presently 16.22%.

Hedge Funds Weigh In On Tecnoglass

Several hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its stake in Tecnoglass by 21.4% in the 1st quarter. Intech Investment Management LLC now owns 17,918 shares of the company's stock worth $1,282,000 after acquiring an additional 3,161 shares in the last quarter. AQR Capital Management LLC increased its holdings in Tecnoglass by 25.8% during the first quarter. AQR Capital Management LLC now owns 3,505 shares of the company's stock valued at $251,000 after buying an additional 719 shares during the period. Finally, Royal Bank of Canada increased its holdings in Tecnoglass by 8.3% during the first quarter. Royal Bank of Canada now owns 3,121 shares of the company's stock valued at $224,000 after buying an additional 238 shares during the period. 37.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on Tecnoglass in a research report on Friday, May 16th. They set a "buy" rating and a $100.00 target price on the stock. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Tecnoglass Company Profile

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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