Ennis (NYSE:EBF) Announces Earnings Results, Misses Estimates By $0.03 EPS

Ennis (NYSE:EBF) announced its quarterly earnings results on Monday. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03), Zacks reports. Ennis had a net margin of 11.01% and a return on equity of 14.11%.

Ennis Stock Performance

Shares of EBF stock opened at $21.66 on Monday. The stock’s fifty day moving average price is $21.18 and its two-hundred day moving average price is $19.07. The company has a market cap of $547.75 million, a PE ratio of 13.05 and a beta of 0.31. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.36.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Monday, April 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, April 13th. This represents a $1.00 annualized dividend and a yield of 4.6%. Ennis’s dividend payout ratio is presently 60.24%.

Institutional Trading of Ennis

Several institutional investors and hedge funds have recently modified their holdings of EBF. Mercer Global Advisors Inc. ADV boosted its stake in Ennis by 28.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,396 shares of the industrial products company’s stock valued at $295,000 after buying an additional 3,658 shares in the last quarter. Empowered Funds LLC raised its stake in Ennis by 4.6% during the fourth quarter. Empowered Funds LLC now owns 21,111 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 926 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in Ennis during the fourth quarter worth about $463,000. Engineers Gate Manager LP bought a new position in shares of Ennis in the fourth quarter worth about $260,000. Finally, Almitas Capital LLC acquired a new stake in shares of Ennis in the 4th quarter valued at approximately $2,503,000. 74.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EBF. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings upgraded Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Ennis

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.