Ennis (NYSE:EBF) Issues Earnings Results

Ennis (NYSE:EBF) issued its earnings results on Monday. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39, Zacks reports. Ennis had a return on equity of 13.98% and a net margin of 10.86%.The company had revenue of $98.61 million during the quarter, compared to analysts’ expectations of $98.20 million. During the same period in the prior year, the business earned $0.38 EPS.

Ennis Price Performance

Shares of EBF opened at $20.45 on Tuesday. Ennis has a 1-year low of $16.30 and a 1-year high of $22.36. The stock has a market cap of $517.44 million, a PE ratio of 12.32 and a beta of 0.28. The firm has a 50-day simple moving average of $20.56 and a two-hundred day simple moving average of $20.08.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Friday, July 10th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. Ennis’s dividend payout ratio is presently 60.24%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EBF. Charles Schwab Investment Management Inc. grew its stake in shares of Ennis by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,220,960 shares of the industrial products company’s stock valued at $21,989,000 after buying an additional 82,521 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ennis by 5.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 689,695 shares of the industrial products company’s stock valued at $12,511,000 after acquiring an additional 37,513 shares during the period. Goldman Sachs Group Inc. grew its position in Ennis by 72.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 632,839 shares of the industrial products company’s stock valued at $11,397,000 after acquiring an additional 266,533 shares in the last quarter. Bank of America Corp DE increased its stake in Ennis by 14.0% during the third quarter. Bank of America Corp DE now owns 260,123 shares of the industrial products company’s stock worth $4,755,000 after purchasing an additional 31,960 shares during the period. Finally, Two Sigma Investments LP boosted its position in Ennis by 28.3% in the 3rd quarter. Two Sigma Investments LP now owns 189,374 shares of the industrial products company’s stock valued at $3,462,000 after buying an additional 41,727 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Ennis from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings raised shares of Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, 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.