Tecnoglass - TGLS Stock Forecast, Price & News

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

2 brokers have issued 12-month price targets for Tecnoglass' shares. Their TGLS share price forecasts range from $42.00 to $50.00. On average, they expect the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 11.9% 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 start of the year. Since then, TGLS shares have increased by 30.7% and is now trading at $40.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our TGLS earnings forecast.

Tecnoglass Inc. (NASDAQ:TGLS) posted its quarterly earnings data on Monday, November, 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The firm earned $130.41 million during the quarter, compared to analyst estimates of $117.64 million. Tecnoglass had a net margin of 21.75% and a trailing twelve-month return on equity of 51.58%. During the same quarter in the previous year, the firm earned $0.28 earnings per share.

Tecnoglass announced a quarterly dividend on Tuesday, March 14th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.09 per share on Friday, April 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for TGLS.

ETFs with the largest weight of Tecnoglass (NASDAQ:TGLS) stock in their portfolio include Global X MSCI Colombia ETF (GXG), Invesco Dynamic Building & Construction ETF (PKB) and Invesco Raymond James SB-1 Equity ETF (RYJ).Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Tecnoglass (NASDAQ:TGLS) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.79%. 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 9.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGLS will have a dividend payout ratio of 7.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGLS.

Tecnoglass updated its FY 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $790.00 million-$830.00 million, compared to the consensus revenue estimate of $791.33 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 many different retail and institutional investors. Top institutional investors include American Century Companies Inc. (0.00%), Millennium Management LLC (0.00%), Portolan Capital Management LLC (0.00%), Medina Value Partners LLC (0.00%), Allspring Global Investments Holdings LLC (0.78%) and Dimensional Fund Advisors LP (0.00%). 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.
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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 $40.21.

The company employs 8,770 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.