Wall Street Zen upgraded shares of Ennis (NYSE:EBF – Free Report) from a hold rating to a buy rating in a research report released on Saturday.
Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ennis in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Ennis currently has a consensus rating of “Buy”.
Get Our Latest Research Report on EBF
Ennis Stock Down 1.5%
Ennis (NYSE:EBF – Get Free Report) last announced its quarterly earnings results on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $98.61 million for the quarter, compared to analyst estimates of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same period last year, the firm posted $0.38 earnings per share.
Ennis Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 10th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. Ennis’s dividend payout ratio is 59.88%.
Hedge Funds Weigh In On Ennis
Several hedge funds and other institutional investors have recently bought and sold shares of EBF. MBM Wealth Consultants LLC bought a new position in shares of Ennis in the 1st quarter worth about $27,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,390 shares during the period. WealthCollab LLC boosted its position in shares of Ennis by 180.9% during the 4th quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,165 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Ennis by 56.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 890 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Ennis during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 74.33% of the company’s stock.
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.
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