Ennis (NYSE:EBF) Releases Earnings Results

Ennis (NYSE:EBF) issued its earnings results on Monday. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01, RTT News reports. The business had revenue of $100.17 million during the quarter, compared to the consensus estimate of $100.50 million. Ennis had a return on equity of 14.13% and a net margin of 11.01%.During the same period last year, the company earned $0.39 EPS.

Ennis Stock Performance

Shares of EBF stock opened at $18.09 on Wednesday. The firm has a market cap of $463.65 million, a P/E ratio of 10.90 and a beta of 0.38. The firm’s 50 day moving average price is $17.30 and its 200-day moving average price is $17.89. Ennis has a one year low of $16.30 and a one year high of $22.00.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Thursday, January 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Thursday, January 8th. Ennis’s dividend payout ratio is currently 61.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research report on Monday. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Ennis has an average rating of “Hold”.

Insider Transactions at Ennis

In other news, COO Boyne Wade Brewer bought 2,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $17.05 per share, with a total value of $34,100.00. Following the completion of the transaction, the chief operating officer directly owned 23,684 shares in the company, valued at $403,812.20. This trade represents a 9.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ennis

A number of institutional investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its stake in Ennis by 4.6% during the 2nd quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 633 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Ennis by 4.5% during the third quarter. Franklin Resources Inc. now owns 20,294 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 874 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Ennis by 56.8% during 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 in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Ennis by 1.6% in the second quarter. Bridgeway Capital Management LLC now owns 82,993 shares of the industrial products company’s stock valued at $1,505,000 after purchasing an additional 1,299 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Ennis by 1,037.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,390 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

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.