Shares of Ennis, Inc. (NYSE:EBF) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price target of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 185 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Ennis from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, October 15th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alambic Investment Management L.P. acquired a new stake in Ennis in the 2nd quarter valued at approximately $579,000. Bank of Montreal Can increased its position in Ennis by 11,877.8% in the 2nd quarter. Bank of Montreal Can now owns 2,156 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 2,138 shares during the period. Bowling Portfolio Management LLC increased its position in Ennis by 207.1% in the 3rd quarter. Bowling Portfolio Management LLC now owns 74,780 shares of the industrial products company’s stock valued at $1,511,000 after acquiring an additional 50,429 shares during the period. Aperio Group LLC increased its position in Ennis by 12.6% in the 2nd quarter. Aperio Group LLC now owns 40,590 shares of the industrial products company’s stock valued at $833,000 after acquiring an additional 4,547 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in Ennis in the 2nd quarter valued at approximately $2,178,000. Hedge funds and other institutional investors own 82.93% of the company’s stock.
Shares of Ennis stock opened at $20.14 on Wednesday. The company has a current ratio of 3.57, a quick ratio of 2.55 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $19.82 and its 200-day simple moving average is $19.87. The stock has a market capitalization of $524.94 million, a price-to-earnings ratio of 13.89 and a beta of 0.50. Ennis has a twelve month low of $17.35 and a twelve month high of $22.00.
Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $108.82 million for the quarter. Ennis had a return on equity of 12.97% and a net margin of 8.88%. Sell-side analysts predict that Ennis will post 1.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 11th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Thursday, October 10th. Ennis’s payout ratio is 62.07%.
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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