Ennis (NYSE:EBF) Raised to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Ennis (NYSE:EBF) from a sell rating to a hold rating in a research note published on Monday morning, Zacks.com reports.

According to Zacks, “Ennis, Inc. is one of the largest private-label printed business product suppliers in the United States. Ennis offers an extensive product line from simple to complex forms, laser cut-sheets, negotiable documents, internal bank forms, tags, labels, presentation folders, commercial printing, advertising specialties, screen printed products, and point-of-purchase display advertising that can be custom designed to customer needs. “

NYSE:EBF opened at $20.55 on Monday. The company has a current ratio of 5.25, a quick ratio of 4.13 and a debt-to-equity ratio of 0.10. Ennis has a 1 year low of $17.35 and a 1 year high of $22.98. The business has a 50 day moving average price of $19.13. The company has a market cap of $545.35 million, a P/E ratio of 14.17 and a beta of 0.52.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, June 24th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. The business had revenue of $108.03 million for the quarter. Ennis had a return on equity of 13.14% and a net margin of 9.10%. On average, equities research analysts expect that Ennis will post 1.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Friday, July 12th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, July 11th. Ennis’s dividend payout ratio is currently 62.07%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. acquired a new position in Ennis during the 1st quarter valued at about $2,372,000. Campbell & CO Investment Adviser LLC increased its position in Ennis by 33.8% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 17,679 shares of the industrial products company’s stock valued at $367,000 after buying an additional 4,462 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Ennis by 10.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,346 shares of the industrial products company’s stock valued at $443,000 after buying an additional 2,040 shares in the last quarter. Clark Estates Inc. NY acquired a new position in Ennis during the 1st quarter valued at about $3,218,000. Finally, Acadian Asset Management LLC increased its position in Ennis by 8.0% during the 1st quarter. Acadian Asset Management LLC now owns 161,119 shares of the industrial products company’s stock valued at $3,345,000 after buying an additional 11,866 shares in the last quarter. 82.66% of the stock is currently owned by hedge funds and other institutional investors.

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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