Ennis (NYSE:EBF) Posts Earnings Results, Hits Estimates

Ennis (NYSE:EBF) announced its earnings results on Monday. The industrial products company reported $0.39 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%.

Ennis Stock Performance

Shares of EBF stock opened at $20.27 on Monday. The company has a market cap of $512.70 million, a P/E ratio of 12.21 and a beta of 0.28. The stock has a 50 day simple moving average of $20.59 and a two-hundred day simple moving average of $20.06. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.36.

Institutional Trading of Ennis

Several large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in shares of Ennis by 1,037.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 1,390 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Ennis by 56.8% in the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 890 shares during the period. Kestra Advisory Services LLC bought a new stake in Ennis in the fourth quarter valued at $51,000. Tower Research Capital LLC TRC increased its stake in Ennis by 245.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,100 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 2,203 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Ennis by 81.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 1,544 shares during the period. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EBF. Wall Street Zen downgraded shares of Ennis from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings upgraded shares of Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average 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.