Shares of Ennis, Inc. (NYSE:EBF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.21 and last traded at $22.21, with a volume of 955 shares trading hands. The stock had previously closed at $21.81.
Separately, Zacks Investment Research raised shares of Ennis from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Wednesday.
The company has a current ratio of 3.78, a quick ratio of 2.83 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average price is $21.26 and its 200 day moving average price is $20.41. The company has a market capitalization of $575.14 million, a price-to-earnings ratio of 15.22 and a beta of 0.55.
Ennis (NYSE:EBF) last issued its earnings results on Friday, December 20th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $114.86 million for the quarter. Ennis had a net margin of 8.77% and a return on equity of 12.88%. On average, research analysts expect that Ennis, Inc. will post 1.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 10th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.09%. Ennis’s payout ratio is 62.07%.
Several hedge funds have recently modified their holdings of the company. APG Asset Management N.V. boosted its position in Ennis by 138.7% in the second quarter. APG Asset Management N.V. now owns 198,100 shares of the industrial products company’s stock valued at $3,570,000 after buying an additional 115,100 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Ennis in the first quarter valued at $2,372,000. Nuveen Asset Management LLC acquired a new position in shares of Ennis during the second quarter valued at about $2,178,000. Bowling Portfolio Management LLC grew its holdings in shares of Ennis by 207.1% during the third quarter. Bowling Portfolio Management LLC now owns 74,780 shares of the industrial products company’s stock valued at $1,511,000 after buying an additional 50,429 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Ennis during the third quarter valued at about $944,000. 83.09% of the stock is currently owned by institutional investors.
Ennis Company Profile (NYSE:EBF)
Ennis, Inc designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360 Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.
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