Ennis (NYSE:EBF) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ennis (NYSE:EBF) from a hold rating to a buy rating in a research report released on Sunday morning.

Separately, Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Ennis Stock Up 0.2%

EBF opened at $21.61 on Friday. The company’s 50-day moving average price is $21.51 and its 200 day moving average price is $21.06. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.94. The firm has a market cap of $546.69 million, a price-to-earnings ratio of 12.94 and a beta of 0.27.

Ennis (NYSE:EBF) last issued its earnings results on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $98.61 million during the quarter, compared to the consensus estimate of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same period in the previous year, the firm posted $0.38 earnings per share.

Ennis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, July 10th. Ennis’s dividend payout ratio (DPR) is 59.88%.

Institutional Investors Weigh In On Ennis

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its position in shares of Ennis by 4.1% during the 4th quarter. Royce & Associates LP now owns 1,300,634 shares of the industrial products company’s stock valued at $23,424,000 after purchasing an additional 51,634 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Ennis by 46.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 72,120 shares of the industrial products company’s stock worth $1,533,000 after buying an additional 22,947 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Ennis by 39.2% in the first quarter. Sei Investments Co. now owns 97,482 shares of the industrial products company’s stock valued at $2,088,000 after buying an additional 27,458 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Ennis by 221,938.5% in the first quarter. Fifth Third Bancorp now owns 28,865 shares of the industrial products company’s stock valued at $618,000 after buying an additional 28,852 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in Ennis by 46.2% during the first quarter. Quantinno Capital Management LP now owns 76,753 shares of the industrial products company’s stock valued at $1,644,000 after buying an additional 24,256 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

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.