Ennis (NYSE:EBF) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Ennis (NYSE:EBF) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings upgraded shares of Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Ennis presently has an average rating of “Buy”.

Ennis Trading Down 1.3%

NYSE:EBF opened at $20.32 on Friday. The firm has a market cap of $513.99 million, a price-to-earnings ratio of 12.24 and a beta of 0.31. The company’s 50-day moving average is $21.15 and its two-hundred day moving average is $19.14. Ennis has a 12-month low of $16.30 and a 12-month high of $22.36.

Ennis (NYSE:EBF) last released its earnings results on Monday, April 20th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $96.36 million during the quarter, compared to analysts’ expectations of $95.10 million. Ennis had a net margin of 10.86% and a return on equity of 14.03%.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Monday, April 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, April 13th. Ennis’s dividend payout ratio is presently 60.24%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MBM Wealth Consultants LLC purchased a new position in shares of Ennis during the 1st quarter worth about $27,000. State of Alaska Department of Revenue purchased a new position in shares of Ennis during the 3rd quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Ennis by 1,037.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,390 shares during the period. WealthCollab LLC lifted its holdings in shares of Ennis by 180.9% during the 4th quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 1,165 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings 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 acquiring an additional 890 shares during the period. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

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.