Media headlines about Tredegar (NYSE:TG) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tredegar earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 44.7734206906527 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Tredegar traded up $0.15, reaching $24.30, on Monday, Marketbeat Ratings reports. The company’s stock had a trading volume of 4,486 shares, compared to its average volume of 97,473. Tredegar has a 1-year low of $14.65 and a 1-year high of $24.95. The company has a current ratio of 1.95, a quick ratio of 1.37 and a debt-to-equity ratio of 0.39. The stock has a market cap of $799.85 million, a price-to-earnings ratio of 21.56 and a beta of 1.56.
Tredegar (NYSE:TG) last posted its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.39 earnings per share for the quarter. The company had revenue of $258.71 million during the quarter. Tredegar had a return on equity of 10.26% and a net margin of 5.10%.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 15th will be paid a $0.11 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.44 annualized dividend and a yield of 1.81%.
Separately, ValuEngine downgraded Tredegar from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.
In related news, Treasurer Frasier W. Brickhouse II sold 1,700 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $23.95, for a total transaction of $40,715.00. Following the sale, the treasurer now owns 13,637 shares of the company’s stock, valued at approximately $326,606.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.62% of the stock is owned by corporate insiders.
Tredegar Company Profile
Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiDry and AquiDry Plus brands.
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