Positive Press Coverage Unlikely to Affect Tredegar Corporation (TG) Share Price

Media coverage about Tredegar Corporation (NYSE:TG) has been trending positive recently, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tredegar Corporation earned a daily sentiment score of 0.46 on AlphaOne’s scale. AlphaOne also gave press coverage about the basic materials company an impact score of 35 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have impacted Alpha One Sentiment’s analysis:

Insider Buying and Selling by Quarter for Tredegar Corporation (NYSE:TG)

Separately, TheStreet cut shares of Tredegar Corporation from a “b-” rating to a “c” rating in a research report on Tuesday, March 14th.

Shares of Tredegar Corporation (NYSE:TG) traded down 4.56% during mid-day trading on Friday, hitting $15.70. 274,541 shares of the stock traded hands. The company has a market cap of $516.83 million, a P/E ratio of 24.69 and a beta of 1.78. Tredegar Corporation has a 12 month low of $14.85 and a 12 month high of $25.60. The firm has a 50 day moving average of $16.12 and a 200 day moving average of $19.66.

Tredegar Corporation (NYSE:TG) last posted its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $221.03 million for the quarter. Tredegar Corporation had a return on equity of 6.78% and a net margin of 2.48%. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities analysts anticipate that Tredegar Corporation will post $0.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Friday, June 16th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, June 14th. Tredegar Corporation’s dividend payout ratio (DPR) is presently 69.84%.

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Tredegar Corporation Company Profile

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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