Tecnoglass (NASDAQ:TGLS) Announces Quarterly Earnings Results

Tecnoglass (NASDAQ:TGLS) posted its earnings results on Thursday. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11), Briefing.com reports. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.Tecnoglass’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Tecnoglass updated its FY 2025 guidance to EPS.

Tecnoglass Price Performance

Shares of NASDAQ TGLS traded down $2.92 during midday trading on Friday, reaching $49.52. 756,348 shares of the company were exchanged, compared to its average volume of 360,755. Tecnoglass has a one year low of $49.38 and a one year high of $90.34. The stock has a market cap of $2.33 billion, a P/E ratio of 15.48 and a beta of 1.78. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $64.99 and its 200-day moving average price is $73.53.

Tecnoglass Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Tecnoglass’s payout ratio is presently 15.42%.

Hedge Funds Weigh In On Tecnoglass

Several large investors have recently bought and sold shares of TGLS. Vanguard Group Inc. increased its stake in shares of Tecnoglass by 11.4% in the third quarter. Vanguard Group Inc. now owns 625,529 shares of the company’s stock valued at $41,854,000 after buying an additional 63,993 shares during the period. JPMorgan Chase & Co. increased its position in Tecnoglass by 53.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,460 shares of the company’s stock valued at $2,239,000 after acquiring an additional 11,649 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Tecnoglass by 9.2% during the third quarter. Envestnet Asset Management Inc. now owns 6,609 shares of the company’s stock valued at $442,000 after acquiring an additional 556 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Tecnoglass by 4.2% during the second quarter. Osaic Holdings Inc. now owns 8,349 shares of the company’s stock worth $647,000 after purchasing an additional 337 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Tecnoglass by 453.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,522 shares of the company’s stock worth $350,000 after purchasing an additional 3,705 shares during the last quarter. 37.35% of the stock is currently 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.