Tredegar Corporation (TG) Given Coverage Optimism Score of 0.12
Media headlines about Tredegar Corporation (NYSE:TG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tredegar Corporation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 47.4387024786083 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Tredegar Corporation (TG) traded down $0.20 during trading hours on Friday, hitting $18.90. 56,131 shares of the company were exchanged, compared to its average volume of 55,733. Tredegar Corporation has a fifty-two week low of $14.65 and a fifty-two week high of $25.60. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $617.67, a price-to-earnings ratio of 23.15 and a beta of 1.74.
Tredegar Corporation (NYSE:TG) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.28 EPS for the quarter. Tredegar Corporation had a net margin of 6.06% and a return on equity of 7.96%. The business had revenue of $247.16 million for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.44 annualized dividend and a yield of 2.33%. Tredegar Corporation’s payout ratio is currently 25.14%.
A number of equities research analysts recently commented on the stock. TheStreet upgraded shares of Tredegar Corporation from a “c+” rating to a “b-” rating in a report on Friday, August 25th. BidaskClub upgraded shares of Tredegar Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th.
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In other Tredegar Corporation news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of Tredegar Corporation stock in a transaction 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 SEC, which is available through this hyperlink. Insiders acquired a total of 38,000 shares of company stock worth $5,700 over the last quarter. Company insiders own 12.59% of the company’s stock.
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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