Ennis, Inc. (NYSE:EBF) Declares Quarterly Dividend of $0.25

Ennis, Inc. (NYSE:EBF) announced a quarterly dividend on Tuesday, June 24th, Wall Street Journal reports. Shareholders of record on Friday, July 11th will be paid a dividend of 0.25 per share by the industrial products company on Monday, August 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, July 11th.

Ennis Trading Up 0.0%

EBF opened at $19.02 on Wednesday. The stock’s 50 day simple moving average is $18.62 and its 200-day simple moving average is $19.94. The stock has a market cap of $495.44 million, a PE ratio of 12.51 and a beta of 0.48. Ennis has a 1 year low of $17.15 and a 1 year high of $25.75.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, June 23rd. The industrial products company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $97.20 million for the quarter, compared to the consensus estimate of $99.30 million. Ennis had a net margin of 10.12% and a return on equity of 12.32%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 22nd.

Insiders Place Their Bets

In other Ennis news, Director Michael J. Schaefer sold 9,612 shares of the company’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $17.94, for a total value of $172,439.28. Following the sale, the director now directly owns 49,987 shares in the company, valued at $896,766.78. This represents a 16.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 19,873 shares of company stock worth $357,330 over the last quarter. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ennis stock. Goldman Sachs Group Inc. boosted its stake in shares of Ennis, Inc. (NYSE:EBF) by 34.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 363,680 shares of the industrial products company’s stock after acquiring an additional 92,266 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.40% of Ennis worth $7,306,000 as of its most recent SEC filing. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Company Profile

Ennis, Inc 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, 360º 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, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.