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NASDAQ:TGLS

Tecnoglass (TGLS) Stock Forecast, Price & News

$32.35
-0.51 (-1.55%)
(As of 09/26/2023 ET)
Compare
Today's Range
$32.10
$32.84
50-Day Range
$32.35
$49.11
52-Week Range
$19.56
$54.40
Volume
257,352 shs
Average Volume
428,093 shs
Market Capitalization
$1.54 billion
P/E Ratio
7.61
Dividend Yield
1.11%
Price Target
$50.40

Tecnoglass MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
56.6% Upside
$50.40 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
6.46%
From $4.18 to $4.45 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Retail/Wholesale Sector

91st out of 208 stocks

Flat Glass Industry

1st out of 2 stocks


TGLS stock logo

About Tecnoglass (NASDAQ:TGLS) Stock

Tecnoglass Inc. is a leading manufacturer and supplier of architectural glass, windows, and aluminum products for the global commercial and residential construction industry. Founded in 1984 in Barranquilla, Colombia, Tecnoglass has grown to become one of Latin America's most significant glass and aluminum companies, with operations in the United States, Colombia, and Guatemala. Tecnoglass prides itself on offering high-quality, sustainable products that enhance buildings' aesthetics and functionality while prioritizing customer satisfaction and environmental responsibility.

Tecnoglass' mission is to provide its customers with innovative and superior-quality products and services while promoting sustainability, social responsibility, and continuous improvement. The company's products and services include tempered and laminated glass, insulating glass, aluminum frames and panels, windows, doors, and curtain walls. Tecnoglass serves a broad range of commercial and residential construction customers, including architects, contractors, developers, and homeowners. The company's headquarters is in Barranquilla, Colombia, and it has a manufacturing facility in Colombia and a state-of-the-art glass processing facility in Miami, Florida, USA.

Tecnoglass has achieved significant milestones and received several awards. In 2019, the company was recognized by Glass Magazine as one of the Top Glass Fabricators in North America. In 2020, Tecnoglass was awarded the Energy Star certification for superior energy efficiency performance in its manufacturing facility in Colombia. The company has also been recognized for its commitment to sustainability, including using eco-friendly materials and energy-efficient production processes.

Tecnoglass' leadership team is led by Chief Executive Officer Jose Daes, who co-founded the company with his brother Christian Daes, the Chief Operating Officer. Christian has over 30 years of experience in the glass and aluminum industry and has been instrumental in Tecnoglass' growth and expansion. Other key management team members include Chief Financial Officer Santiago Giraldo.

Tecnoglass has reported revenue increases yearly for the past several years. The company's gross profit margin has been increasing, averaging around 30%. Tecnoglass' net income has also been increasing, paralleling the revenue numbers. The company has maintained a strong balance sheet, with cash and cash equivalents capable of covering any company liabilities. 

Tecnoglass has a market capitalization of approximately $2 billion. The company's price-to-earnings ratio is lower than industry averages, and the company's price-to-book ratio is also slightly lower. These metrics suggest that the company's stock is undervalued relative to its peers, possibly due to investor concerns about global economic uncertainty and increased competition in the construction industry.

Tecnoglass' stock price has demonstrated an impressive upward trend in recent years. Although the pandemic introduced significant volatility, the company quickly recovered as the construction industry began to operate again. Despite the initial challenges, the company's solid fundamentals and resilient business model enabled it to emerge from the pandemic's shadow and continue its upward trajectory.

Tecnoglass has recently seen an increase in trading volume, which could be attributed to its solid financial performance and growth prospects. Broader market trends and investor sentiment have also impacted the stock prices of the construction industry. 

Tecnoglass operates in the construction materials industry, which is heavily influenced by economic conditions, infrastructure spending, and consumer preferences. The industry has seen steady growth in recent years, driven by increased demand for sustainable building materials and a growing focus on energy efficiency.

Tecnoglass faces competition from other glass and aluminum product manufacturers, both domestically and internationally. Some of its key competitors include AGC Inc., Nippon Sheet Glass Co. Ltd., and Guardian Industries.

Despite the competition, Tecnoglass has several advantages that set it apart from its peers. The company has a strong reputation for quality and innovation and has invested heavily in technology and research to stay ahead of the curve. Additionally, Tecnoglass has a diversified customer base, which helps mitigate risks associated with over-reliance on any customer.

Tecnoglass has several growth opportunities that could help to drive its future performance. The company is expanding its product line to include more sustainable building materials, a growing trend in the construction industry. Additionally, Tecnoglass is actively pursuing acquisitions to strengthen its position in the market further.

Tecnoglass has also expanded its presence in international markets, particularly Latin America. Tecnoglass is well-positioned to benefit from the ongoing global shift toward sustainable building practices. As consumers and businesses become more environmentally conscious, demand for energy-efficient and environmentally-friendly building materials is expected to increase.

While Tecnoglass has several growth opportunities, it also faces risks and challenges that could impact its future performance. One of the company's most significant risks is the potential for changes in consumer preferences or economic conditions, which could affect product demand.

Additionally, Tecnoglass is subject to regulatory and political risks, particularly in Latin America, where it has a significant presence. Changes in government policies or trade agreements could impact the company's ability to operate in certain markets or increase costs associated with doing business.

Tecnoglass faces intense competition from other glass and aluminum product manufacturers. The company must continue investing in technology and research to stay ahead of the curve to stay competitive.

TGLS Price History

TGLS Stock News Headlines

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Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Tecnoglass Announces Third Quarter 2023 Dividend
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Turning Bullish On Tecnoglass After Large Correction
Tecnoglass Q2 2023 Earnings Preview
Tecnoglass's Earnings: A Preview
Tecnoglass Sets Date for Second Quarter 2023 Results
Tecnoglass (NYSE: TGLS)
Bull of the Day: Tecnoglass Inc. (TGLS)
See More Headlines
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TGLS Company Calendar

Ex-Dividend for 7/31 Dividend
6/29/2023
Dividend Payable
7/31/2023
Last Earnings
8/08/2023
Today
9/26/2023
Ex-Dividend for 10/31 Dividend
9/28/2023
Dividend Payable
10/31/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Flat glass
Sub-Industry
N/A
Current Symbol
NASDAQ:TGLS
Fax
N/A
Employees
8,770
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$50.40
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+55.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$155.74 million
Pretax Margin
35.73%

Debt

Sales & Book Value

Annual Sales
$716.57 million
Cash Flow
$2.11 per share
Book Value
$5.13 per share

Miscellaneous

Free Float
47,006,000
Market Cap
$1.54 billion
Optionable
Not Optionable
Beta
1.83
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Key Executives

  • Mr. José Manuel Daes (Age 62)
    CEO & Director
    Comp: $2.83M
  • Mr. Santiago Giraldo (Age 48)
    CFO & Head of Investor Relations
    Comp: $594k
  • Mr. Christian T. Daes (Age 58)
    COO & Director
    Comp: $2.83M













TGLS Stock - Frequently Asked Questions

Should I buy or sell Tecnoglass stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tecnoglass in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TGLS shares.
View TGLS analyst ratings
or view top-rated stocks.

What is Tecnoglass' stock price forecast for 2023?

3 brokers have issued 1 year target prices for Tecnoglass' stock. Their TGLS share price forecasts range from $42.00 to $60.00. On average, they anticipate the company's share price to reach $50.40 in the next year. This suggests a possible upside of 55.6% from the stock's current price.
View analysts price targets for TGLS
or view top-rated stocks among Wall Street analysts.

How have TGLS shares performed in 2023?

Tecnoglass' stock was trading at $30.77 on January 1st, 2023. Since then, TGLS shares have increased by 5.3% and is now trading at $32.39.
View the best growth stocks for 2023 here
.

When is Tecnoglass' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our TGLS earnings forecast
.

How were Tecnoglass' earnings last quarter?

Tecnoglass Inc. (NASDAQ:TGLS) released its quarterly earnings data on Tuesday, August, 8th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.14. The firm earned $225.30 million during the quarter, compared to analyst estimates of $209.22 million. Tecnoglass had a net margin of 24.07% and a trailing twelve-month return on equity of 53.20%. The firm's quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS.

How often does Tecnoglass pay dividends? What is the dividend yield for Tecnoglass?

Tecnoglass announced a quarterly dividend on Friday, September 8th. Stockholders of record on Friday, September 29th will be given a dividend of $0.09 per share on Tuesday, October 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for TGLS
.

What ETFs hold Tecnoglass' stock?

ETFs with the largest weight of Tecnoglass (NASDAQ:TGLS) stock in their portfolio include Global X MSCI Colombia ETF (GXG) and Invesco Building & Construction ETF (PKB).First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS).

Is Tecnoglass a good dividend stock?

Tecnoglass (NASDAQ:TGLS) pays an annual dividend of $0.36 per share and currently has a dividend yield of 1.08%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGLS will have a dividend payout ratio of 8.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGLS.

What guidance has Tecnoglass issued on next quarter's earnings?

Tecnoglass updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $830.00 million-$855.00 million, compared to the consensus revenue estimate of $845.83 million.

What other stocks do shareholders of Tecnoglass own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tecnoglass investors own include Intel (INTC), AT&T (T), Corbus Pharmaceuticals (CRBP), Walt Disney (DIS), NVIDIA (NVDA), Pfizer (PFE), Broadcom (AVGO), Gilead Sciences (GILD), QUALCOMM (QCOM) and Valero Energy (VLO).

What is Tecnoglass' stock symbol?

Tecnoglass trades on the NASDAQ under the ticker symbol "TGLS."

Who are Tecnoglass' major shareholders?

Tecnoglass' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Polaris Capital Management LLC (2.45%), Portolan Capital Management LLC (1.35%), Dimensional Fund Advisors LP (1.30%), Victory Capital Management Inc. (1.10%), BlackRock Inc. (0.67%) and Driehaus Capital Management LLC (0.64%). Insiders that own company stock include A Lorne Weil, Christian T Daes, Holding Corp Energy, Jose M Daes, Julio A Torres and Martha L Byorum.
View institutional ownership trends
.

How do I buy shares of Tecnoglass?

Shares of TGLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Tecnoglass' stock price today?

One share of TGLS stock can currently be purchased for approximately $32.39.

How much money does Tecnoglass make?

Tecnoglass (NASDAQ:TGLS) has a market capitalization of $1.54 billion and generates $716.57 million in revenue each year. The company earns $155.74 million in net income (profit) each year or $4.25 on an earnings per share basis.

How many employees does Tecnoglass have?

The company employs 8,770 workers across the globe.

How can I contact Tecnoglass?

Tecnoglass' mailing address is AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA 40, BARRIO LAS FLORES BARRANQUILLA F8, . The official website for the company is www.tecnoglass.com. The company can be reached via phone at 576053734000 or via email at investorrelations@tecnoglass.com.

This page (NASDAQ:TGLS) was last updated on 9/26/2023 by MarketBeat.com Staff

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