DA Davidson Has Weak Forecast for Tecnoglass FY2025 Earnings

Tecnoglass Inc. (NASDAQ:TGLS) – Analysts at DA Davidson decreased their FY2025 earnings per share estimates for Tecnoglass in a research report issued on Tuesday, March 4th. DA Davidson analyst B. Thielman now forecasts that the company will post earnings per share of $3.94 for the year, down from their prior forecast of $4.06. DA Davidson currently has a “Buy” rating and a $90.00 target price on the stock. The consensus estimate for Tecnoglass’ current full-year earnings is $3.53 per share.

Several other research firms have also recently weighed in on TGLS. StockNews.com started coverage on shares of Tecnoglass in a report on Saturday, December 14th. They set a “hold” rating on the stock. Robert W. Baird boosted their target price on Tecnoglass from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.40.

Tecnoglass Price Performance

Shares of NASDAQ:TGLS opened at $66.43 on Thursday. Tecnoglass has a 1-year low of $40.94 and a 1-year high of $86.99. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.12 billion, a PE ratio of 20.76 and a beta of 1.94. The stock’s fifty day simple moving average is $76.82 and its two-hundred day simple moving average is $73.52.

Tecnoglass Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. This is a boost from Tecnoglass’s previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, December 31st. Tecnoglass’s payout ratio is presently 17.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TGLS. State of Wyoming lifted its stake in Tecnoglass by 17.7% in the fourth quarter. State of Wyoming now owns 3,735 shares of the company’s stock valued at $296,000 after purchasing an additional 561 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of Tecnoglass in the fourth quarter valued at $4,239,000. ProShare Advisors LLC lifted its position in shares of Tecnoglass by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 6,326 shares of the company’s stock valued at $502,000 after buying an additional 2,081 shares during the last quarter. Millennium Management LLC bought a new position in shares of Tecnoglass during the 4th quarter worth $1,825,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Tecnoglass by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,729 shares of the company’s stock worth $3,469,000 after acquiring an additional 1,885 shares during the last quarter. 37.35% of the stock is owned by institutional investors.

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.