Press coverage about Tredegar Corporation (NYSE:TG) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tredegar Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 47.3537489813666 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several research firms have recently issued reports on TG. BidaskClub upgraded shares of Tredegar Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. TheStreet upgraded shares of Tredegar Corporation from a “c+” rating to a “b-” rating in a report on Friday, August 25th.
Tredegar Corporation (NYSE TG) traded down $0.10 during mid-day trading on Friday, hitting $18.55. 39,800 shares of the stock traded hands, compared to its average volume of 74,859. Tredegar Corporation has a 1 year low of $14.65 and a 1 year high of $25.60. The stock has a market capitalization of $614.30, a price-to-earnings ratio of 22.96 and a beta of 1.74. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.47.
Tredegar Corporation (NYSE:TG) last released its earnings results on Tuesday, October 31st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter. Tredegar Corporation had a net margin of 6.06% and a return on equity of 7.96%. The firm had revenue of $247.16 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.44 dividend on an annualized basis and a yield of 2.37%. Tredegar Corporation’s payout ratio is currently 25.14%.
In related news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.25, for a total value of $27,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.59% of the stock is owned by insiders.
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About Tredegar Corporation
Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.
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