Tecnoglass - TGLS Stock Forecast, Price & News

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

1 brokerages have issued twelve-month price objectives for Tecnoglass' stock. Their TGLS share price forecasts range from $30.00 to $40.00. On average, they expect the company's share price to reach $36.67 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for TGLS or view top-rated stocks among Wall Street analysts.

Tecnoglass' stock was trading at $30.77 at the beginning of the year. Since then, TGLS shares have increased by 14.1% and is now trading at $35.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our TGLS earnings forecast.

Tecnoglass Inc. (NASDAQ:TGLS) released its quarterly earnings data on Monday, November, 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. The firm had revenue of $130.41 million for the quarter, compared to analysts' expectations of $117.64 million. Tecnoglass had a net margin of 18.92% and a trailing twelve-month return on equity of 46.41%. During the same period in the prior year, the firm earned $0.28 earnings per share.

Tecnoglass announced a quarterly dividend on Thursday, December 8th. Investors of record on Friday, December 30th will be given a dividend of $0.075 per share on Tuesday, January 31st. This represents a $0.30 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for TGLS.

Tecnoglass (NASDAQ:TGLS) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.88%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGLS will have a dividend payout ratio of 8.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGLS.

Tecnoglass issued an update on its FY 2022 earnings guidance on Saturday, December, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $705.00 million-$715.00 million, compared to the consensus revenue estimate of $694.34 million.

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).

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

Tecnoglass' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.78%), Monarch Partners Asset Management LLC (0.00%), Calamos Advisors LLC (0.00%), Wakefield Asset Management LLLP (0.00%), Riverwater Partners LLC (0.06%) and Rothschild Investment Corp IL (0.04%). Insiders that own company stock include A Lorne Weil, Julio A Torres and Martha L Byorum.
View institutional ownership trends.

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.
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One share of TGLS stock can currently be purchased for approximately $35.12.

The company employs 6,908 workers across the globe.

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.