Ennis (NYSE:EBF) Announces Earnings Results

Ennis (NYSE:EBF) issued its quarterly earnings results on Monday. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39, Zacks reports. Ennis had a net margin of 10.84% and a return on equity of 13.94%. The business had revenue of $98.61 million for the quarter, compared to analysts’ expectations of $98.20 million. During the same quarter in the prior year, the company earned $0.38 earnings per share.

Ennis Stock Performance

EBF stock opened at $21.41 on Wednesday. The company’s 50 day moving average price is $20.54 and its 200 day moving average price is $20.11. The firm has a market capitalization of $541.67 million, a price-to-earnings ratio of 12.82 and a beta of 0.28. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.36.

Ennis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, July 10th. Ennis’s dividend payout ratio is presently 60.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in Ennis by 4.6% in the second quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 633 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Ennis by 4.5% during the 3rd quarter. Franklin Resources Inc. now owns 20,294 shares of the industrial products company’s stock worth $371,000 after buying an additional 874 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after buying an additional 890 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ennis by 4.6% in the 4th quarter. Empowered Funds LLC now owns 21,111 shares of the industrial products company’s stock valued at $380,000 after buying an additional 926 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Ennis by 1.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 82,993 shares of the industrial products company’s stock valued at $1,505,000 after buying an additional 1,299 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analysts Set New Price Targets

EBF has been the topic of a number of research reports. Wall Street Zen lowered shares of Ennis from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Ennis currently has a consensus rating of “Buy”.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.