Home Sectors Industrials Love or Hate: Tredegar Corporation (NYSE: TG)

Love or Hate: Tredegar Corporation (NYSE: TG)

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Tredegar Corporation trades as part of the conglomerates industry and is part of the industrials sector. The company CEO is John M. Steitz. Tredegar Corporation and its subsidiaries manufactures polyethylene plastic films, polyester films and aluminum extrusions. The company’s reportable business segments are PE Films, Flexible Packaging Films and Aluminum Extrusions.

Previous Intraday Trading Performance:

The TG stock showed a previous change of 0.19% with an open at 16.37 and a close of 16.26. It reached an intraday high of 16.43 and a low of 16.19.

SeekingAlpha:  Tredegar reports Q1 results

Liquidity:

The stock has a market cap of $542.3m with 33.4m shares outstanding, of which the float is 28.1m shares. Trading volume reached 102,628 shares compared to its average volume of 85,789 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Tredegar Corporation shares returned 0.12% and in the past 30 trading days it returned -6.56%. Over three months, it changed -4.26%. In one year it has changed -31.35% and within that year its 52-week high was 26.50 and its 52-week low was 14.85. TG stock is 9.49% above its 52 Week Low.

Our calculations show a 200 day moving average of 17.64 and a 50 day moving average of 16.94. Currently TG stock is trading -7.85% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

Business Wire:  Tredegar Reports First Quarter 2019 Results

Earnings:

The last annual fiscal EPS for the company was reported at 0.75 that ended on 31st of December 2018, which according to the previous close, that is a PE of 21.68.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/09/2019): 0.60
4thQtr of 2018 (Reported on 03/18/2019): 0.79
3rdQtr of 2018 (Reported on 11/08/2018): -1.03
2ndQtr of 2018 (Reported on 08/01/2018): 0.44
1stQtr of 2018 (Reported on 05/01/2018): 0.55

The dividend per share is currently 0.44, which is a dividend yield of 2.71%.

Base on our calculations, the intrinsic value per share is 15.02, which means it may be overvalued by -8.26%.

Indicators to Watch:

Short-interest was 645,255, which was 1.93% of shares outstanding. The short-interest ratio or days-to-cover ratio was 6.21. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.09.

Business Wire:  Tredegar Reports First Quarter 2019 Results

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 7.53%, return on assets is 3.68%, profit margin is 2.53%, price-to-sales is 0.50 and price-to-book is 1.46.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 2  :Past Performance Score
 6  :Financial Strength Score
 2  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.