Tredegar Corporation(NYSE:TG) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $204.772M. Analysts estimated a revenue of $192.280M. The revenues were 6.5% above the estimates. Earnings per share were $0.1. The reported EPS was below estimates by -52.38%. Analysts had estimated an EPS of $0.21.
Tredegar Corporation (TG) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.22% at a volume of 53,349. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.95. The peak price level was also seen at $22.95 while the days lowest was $22.15. Finally the shares closed at $22.6. The 52-week high of the shares is $25.6 while the 52-week low is $11.76. According to the latest information available, the market cap of the company is $744 M.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, William M Gottwald (director) sold 972 shares at $17.42 per share price.Also, On Nov 17, 2015, Mary Jane Hellyar (Vice President) sold 819 shares at $14.60 per share price.On Nov 17, 2015, A Brent King (Vice President and Secretary) sold 17,893 shares at $14.59 per share price, according to the Form-4 filing with the securities and exchange commission.
Tredegar Corporation is engaged in the manufacture of plastic films and aluminum extrusions. The Company’s segments are Film Products and Aluminum Extrusions. Film Products involved in manufacture of plastic films elastics and laminate materials primarily for personal care products and surface protection and packaging applications. The Film Products segment offers personal care materials flexible packaging films surface protection films polyethylene overwrap and polypropylene films and films for other markets. Aluminum Extrusions segment produces soft-alloy and medium-strength aluminum extrusions primarily for building and construction distribution transportation electrical consumer durables and machinery and equipment markets. Its brands include of SoftQuilt ComfortQuilt ComfortAire ComfortFeel SoftAire FreshFeel ExtraFlex FabriFlex StretchTab FlexAire FlexFeel AquiDry AquiDry Plus AquiSoft Terphane Sealphane UltraMask ForceField and ForceField PEARL.