Ennis, Inc. (NYSE:EBF) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus price target of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 16 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Ennis from a “sell” rating to a “hold” rating in a research report on Monday, June 24th.
A number of hedge funds have recently bought and sold shares of EBF. BlackRock Inc. increased its position in Ennis by 14.5% during the fourth quarter. BlackRock Inc. now owns 2,140,100 shares of the industrial products company’s stock worth $41,197,000 after buying an additional 270,364 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Ennis by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 336,319 shares of the industrial products company’s stock worth $6,474,000 after purchasing an additional 28,027 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Ennis during the fourth quarter worth $222,000. Dimensional Fund Advisors LP boosted its holdings in shares of Ennis by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,547 shares of the industrial products company’s stock worth $42,650,000 after purchasing an additional 57,141 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Ennis by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 282,456 shares of the industrial products company’s stock worth $5,437,000 after purchasing an additional 4,954 shares during the last quarter. 82.92% of the stock is owned by institutional investors.
EBF traded down $0.24 on Friday, reaching $20.18. 59,270 shares of the company traded hands, compared to its average volume of 108,332. The business has a 50 day moving average price of $20.02. Ennis has a 52-week low of $17.35 and a 52-week high of $22.05. The stock has a market cap of $530.89 million, a P/E ratio of 13.92 and a beta of 0.56. 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 (NYSE:EBF) last announced its quarterly earnings data on Monday, June 24th. The industrial products company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. Ennis had a net margin of 9.10% and a return on equity of 13.09%. The firm had revenue of $108.03 million for the quarter. On average, sell-side analysts anticipate that Ennis will post 1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Friday, July 12th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Thursday, July 11th. Ennis’s payout ratio is presently 62.07%.
Ennis Company Profile
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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