Ennis (NYSE:EBF – Get Free Report) posted its quarterly earnings data on Monday. The industrial products company reported $0.39 earnings per share 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 Price Performance
Shares of NYSE EBF opened at $20.27 on Monday. Ennis has a 1 year low of $16.30 and a 1 year high of $22.36. The firm has a 50-day moving average of $20.59 and a 200 day moving average of $20.06. The stock has a market cap of $512.70 million, a P/E ratio of 12.21 and a beta of 0.28.
Analysts Set New Price Targets
A number of research analysts have recently commented on EBF shares. Wall Street Zen cut Ennis from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.
Hedge Funds Weigh In On Ennis
A number of institutional investors and hedge funds have recently made changes to their positions in EBF. Goldman Sachs Group Inc. grew its position in Ennis by 72.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 632,839 shares of the industrial products company’s stock valued at $11,397,000 after purchasing an additional 266,533 shares during the last quarter. Royal Bank of Canada raised its holdings in Ennis by 608.4% in the fourth quarter. Royal Bank of Canada now owns 170,356 shares of the industrial products company’s stock worth $3,068,000 after buying an additional 146,307 shares during the last quarter. Almitas Capital LLC purchased a new position in Ennis in the fourth quarter worth about $2,503,000. Creative Planning raised its holdings in Ennis by 201.7% in the third quarter. Creative Planning now owns 159,412 shares of the industrial products company’s stock worth $2,914,000 after buying an additional 106,575 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Ennis by 7.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,220,960 shares of the industrial products company’s stock worth $21,989,000 after buying an additional 82,521 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.
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.
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