Ennis, Inc. (NYSE:EBF) Given Average Rating of “Hold” by Brokerages

Ennis, Inc. (NYSE:EBF) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokers have set a 12-month consensus target price of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 110 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, June 24th.

Shares of NYSE EBF traded down $0.62 during midday trading on Thursday, hitting $19.74. The stock had a trading volume of 134,300 shares, compared to its average volume of 117,012. The company has a current ratio of 4.38, a quick ratio of 3.42 and a debt-to-equity ratio of 0.15. Ennis has a 52 week low of $17.35 and a 52 week high of $22.98. The stock has a market cap of $537.68 million, a P/E ratio of 13.61 and a beta of 0.58. The firm’s 50 day moving average is $19.41.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, June 24th. The industrial products company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The business had revenue of $108.03 million for the quarter. Ennis had a net margin of 9.10% and a return on equity of 13.09%. Sell-side analysts expect that Ennis will post 1.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Friday, July 12th will be paid a $0.225 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.56%. Ennis’s dividend payout ratio (DPR) is presently 62.07%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Ennis by 14.5% during the fourth quarter. BlackRock Inc. now owns 2,140,100 shares of the industrial products company’s stock valued at $41,197,000 after acquiring an additional 270,364 shares in the last quarter. Clark Estates Inc. NY purchased a new position in Ennis during the first quarter valued at $3,218,000. Bank of America Corp DE grew its stake in Ennis by 25.1% during the fourth quarter. Bank of America Corp DE now owns 678,019 shares of the industrial products company’s stock valued at $13,052,000 after acquiring an additional 135,978 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Ennis during the first quarter valued at $2,372,000. Finally, Victory Capital Management Inc. purchased a new position in Ennis during the first quarter valued at $1,441,000. 82.66% of the stock is owned by hedge funds and other institutional investors.

About Ennis

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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