Tecnoglass (NASDAQ:TGLS) Posts Quarterly Earnings Results, Misses Expectations By $0.11 EPS

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

Tecnoglass Stock Performance

Shares of NASDAQ:TGLS traded down $3.41 during mid-day trading on Thursday, reaching $52.59. 569,968 shares of the company traded hands, compared to its average volume of 358,898. The company’s 50 day moving average price is $65.45 and its 200-day moving average price is $73.65. The firm has a market cap of $2.47 billion, a PE ratio of 16.43 and a beta of 1.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. Tecnoglass has a 52 week low of $52.01 and a 52 week high of $90.34.

Tecnoglass Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. Tecnoglass’s payout ratio is 15.42%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in Tecnoglass by 9.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,609 shares of the company’s stock worth $442,000 after purchasing an additional 556 shares during the period. Osaic Holdings Inc. boosted its stake in Tecnoglass by 4.2% in the 2nd 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. Tower Research Capital LLC TRC boosted its stake in Tecnoglass by 453.5% in the 2nd 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 period. Tidal Investments LLC boosted its stake in Tecnoglass by 77.4% in the 2nd quarter. Tidal Investments LLC now owns 13,253 shares of the company’s stock worth $1,025,000 after purchasing an additional 5,781 shares during the period. Finally, Man Group plc bought a new position in Tecnoglass in the 2nd quarter worth approximately $2,038,000. 37.35% of the stock is currently owned by institutional investors.

About Tecnoglass

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.