Ennis, Inc. (NYSE:EBF – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.56 and last traded at $22.53, with a volume of 171390 shares. The stock had previously closed at $22.10.
Analyst Ratings Changes
Several equities research analysts have commented on EBF shares. Wall Street Zen lowered shares of Ennis from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.
View Our Latest Report on Ennis
Ennis Trading Up 1.1%
Ennis (NYSE:EBF – Get Free Report) last posted its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $98.61 million for the quarter, compared to the consensus estimate of $98.20 million. Ennis had a net margin of 10.84% and a return on equity of 13.89%. During the same period last year, the firm posted $0.38 earnings per share.
Ennis Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. Ennis’s dividend payout ratio (DPR) is currently 59.88%.
Institutional Investors Weigh In On Ennis
Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Ennis in the second quarter valued at approximately $25,000. MBM Wealth Consultants LLC acquired a new stake in Ennis during the 1st quarter worth $27,000. Compass Financial Management LLC purchased a new stake in shares of Ennis during the second quarter worth $27,000. EverSource Wealth Advisors LLC raised its position in shares of Ennis by 1,037.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,390 shares during the last quarter. Finally, WealthCollab LLC raised its position in shares of Ennis by 180.9% in the fourth quarter. WealthCollab LLC now owns 1,809 shares of the industrial products company’s stock valued at $33,000 after buying an additional 1,165 shares during the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.
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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