Ennis (NYSE:EBF) Announces Earnings Results

Ennis (NYSE:EBF) issued its quarterly earnings results on Monday. The industrial products company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03), Zacks reports. The business had revenue of $96.36 million during the quarter, compared to analyst estimates of $95.10 million. Ennis had a net margin of 11.01% and a return on equity of 14.11%.

Ennis Price Performance

Shares of EBF opened at $19.82 on Tuesday. The company has a 50-day moving average of $21.17 and a two-hundred day moving average of $19.08. The stock has a market cap of $501.12 million, a price-to-earnings ratio of 11.94 and a beta of 0.31. Ennis has a one year low of $16.30 and a one year high of $22.36.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Monday, April 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, April 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.0%. Ennis’s dividend payout ratio is currently 60.24%.

Analyst Ratings Changes

Several research firms recently commented on EBF. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Ennis

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in 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 worth $28,000 after purchasing an additional 1,390 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Ennis by 56.8% in the second 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. Kestra Advisory Services LLC purchased a new stake in shares of Ennis in the fourth quarter valued at $51,000. Tower Research Capital LLC TRC boosted its position in shares of Ennis by 245.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,100 shares of the industrial products company’s stock worth $56,000 after buying an additional 2,203 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Ennis by 81.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,443 shares of the industrial products company’s stock worth $62,000 after buying an additional 1,544 shares during the period. Hedge funds and other institutional investors 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.