Tecnoglass - TGLS Stock Forecast, Price & News

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

4 Wall Street research analysts have issued 1-year price targets for Tecnoglass' stock. Their TGLS share price forecasts range from $30.00 to $38.00. On average, they anticipate the company's stock price to reach $34.00 in the next year. This suggests a possible upside of 31.3% from the stock's current price.
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Tecnoglass' stock was trading at $26.19 at the start of the year. Since then, TGLS shares have decreased by 1.1% and is now trading at $25.90.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our TGLS earnings forecast.

Tecnoglass Inc. (NASDAQ:TGLS) announced its quarterly earnings results on Monday, November, 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The business had revenue of $130.41 million for the quarter, compared to the consensus estimate of $117.64 million. Tecnoglass had a trailing twelve-month return on equity of 39.73% and a net margin of 16.74%. During the same period last year, the firm earned $0.28 EPS.

Tecnoglass declared a quarterly dividend on Friday, August 5th. Stockholders of record on Friday, September 30th will be given a dividend of $0.075 per share on Monday, October 31st. This represents a $0.30 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, September 29th. This is a boost from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for TGLS.

Tecnoglass (NASDAQ:TGLS) pays an annual dividend of $0.26 per share and currently has a dividend yield of 1.02%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGLS will have a dividend payout ratio of 9.00% 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 Thursday, August, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $620.00 million-$640.00 million, compared to the consensus revenue estimate of $597.72 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 number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.91%), Millennium Management LLC (0.89%), Sei Investments Co. (0.70%), Monarch Partners Asset Management LLC (0.41%), Calamos Advisors LLC (0.40%) and Renaissance Technologies LLC (0.36%). Insiders that own company stock include Julio A Torres and Martha L Byorum.
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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 $25.90.

Tecnoglass (NASDAQ:TGLS) has a market capitalization of $1.23 billion and generates $496.79 million in revenue each year. The company earns $68.15 million in net income (profit) each year or $1.99 on an earnings per share basis.

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 (575) 373-4000 or via email at investorrelations@tecnoglass.com.