Shares of Ennis, Inc. (NYSE:EBF) have received a consensus 3.00 (Hold) from the one brokers that provide coverage for the company, One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price target of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 38 related companies.
Get Ennis alerts: Separately, Zacks Investment Research upgraded Ennis from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Friday, October 5th.
Shares of Ennis stock traded down $0.26 on Friday, hitting $19.45. 51,500 shares of the company’s stock traded hands, compared to its average volume of 92,713. The stock has a market cap of $505.63 million, a P/E ratio of 15.08 and a beta of 0.69. The company has a current ratio of 4.99, a quick ratio of 3.90 and a debt-to-equity ratio of 0.10. Ennis has a 52-week low of $17.65 and a 52-week high of $22.98.
Ennis (NYSE:EBF) last released its earnings results on Tuesday, September 25th. The industrial products company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company had revenue of $98.59 million during the quarter. Ennis had a return on equity of 13.13% and a net margin of 9.50%. As a group, equities analysts predict that Ennis will post 1.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 5th. Shareholders of record on Friday, October 12th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Thursday, October 11th. Ennis’s payout ratio is 69.77%.
A number of hedge funds have recently bought and sold shares of EBF. Nisa Investment Advisors LLC lifted its stake in Ennis by 721.3% in the third quarter. Nisa Investment Advisors LLC now owns 6,570 shares of the industrial products company’s stock valued at $134,000 after buying an additional 5,770 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Ennis in the third quarter valued at $190,000. Raymond James & Associates bought a new stake in Ennis in the second quarter valued at $210,000. GSA Capital Partners LLP bought a new stake in Ennis in the second quarter valued at $213,000. Finally, Engineers Gate Manager LP bought a new stake in Ennis in the second quarter valued at $219,000. Institutional investors own 81.52% of the company’s stock.
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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Ennis (EBF)
