Tredegar (TG) to Release Quarterly Earnings on Monday

Tredegar (NYSE:TG – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, May 8th.

Tredegar (NYSE:TG – Get Rating) last released its earnings results on Thursday, March 16th. The basic materials company reported $0.02 earnings per share for the quarter. The business had revenue of $189.15 million during the quarter. Tredegar had a net margin of 3.03% and a return on equity of 18.88%.

Tredegar Stock Up 1.9 %

Tredegar stock opened at $9.42 on Friday. The company has a market cap of $320.44 million, a P/E ratio of 11.08 and a beta of 0.95. Tredegar has a 1-year low of $8.56 and a 1-year high of $12.67. The company has a fifty day simple moving average of $9.67 and a 200 day simple moving average of $10.54. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.68.

Tredegar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 1st. Stockholders of record on Friday, March 24th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend was Thursday, March 23rd. Tredegar’s dividend payout ratio (DPR) is presently 61.18%.

Institutional Trading of Tredegar

A number of hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its stake in shares of Tredegar by 3.2% during the 4th quarter. Legal & General Group Plc now owns 60,821 shares of the basic materials company’s stock worth $622,000 after buying an additional 1,882 shares during the last quarter. Citigroup Inc. raised its stake in Tredegar by 9.4% in the 1st quarter. Citigroup Inc. now owns 22,624 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 1,942 shares in the last quarter. Captrust Financial Advisors raised its stake in Tredegar by 111.0% in the 1st quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,092 shares in the last quarter. Rhumbline Advisers raised its stake in Tredegar by 3.7% in the 1st quarter. Rhumbline Advisers now owns 72,819 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 2,592 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Tredegar by 26.4% in the 4th quarter. Squarepoint Ops LLC now owns 12,697 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 2,654 shares in the last quarter. Institutional investors and hedge funds own 61.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Tredegar in a research report on Thursday, March 16th. They issued a “hold” rating for the company.

About Tredegar

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Tredegar Corp. engages in the manufacture of polyethylene (PE) plastic films, polyester films, and aluminum extrusions. It operates through the following segments: 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.