Q2 2017 EPS Estimates for Andina Acquisition Corp (TGLS) Reduced by Analyst

Andina Acquisition Corp (NASDAQ:TGLS) – Equities research analysts at Dougherty & Co reduced their Q2 2017 earnings estimates for shares of Andina Acquisition Corp in a report released on Thursday. Dougherty & Co analyst J. Hamblin now forecasts that the company will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.23. Dougherty & Co also issued estimates for Andina Acquisition Corp’s Q3 2017 earnings at $0.28 EPS, Q4 2017 earnings at $0.28 EPS and FY2018 earnings at $0.93 EPS.

Separately, Zacks Investment Research raised Andina Acquisition Corp from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Thursday, March 30th.

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Andina Acquisition Corp (NASDAQ:TGLS) opened at 9.90 on Friday. The company has a 50 day moving average of $10.46 and a 200-day moving average of $11.32. Andina Acquisition Corp has a 12-month low of $9.60 and a 12-month high of $12.93. The stock has a market capitalization of $331.52 million, a price-to-earnings ratio of 30.94 and a beta of 0.45.

The company also recently disclosed a dividend, which was paid on Friday, April 28th. Investors of record on Friday, March 31st were paid a $0.125 dividend. The ex-dividend date was Wednesday, March 29th. Andina Acquisition Corp’s dividend payout ratio is currently 20.97%.

12 Month Chart for NASDAQ:TGLS

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