Ennis, Inc. (NYSE:EBF) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a one year consensus target price of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 108 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Monday, June 24th.
Several large investors have recently made changes to their positions in the company. Martingale Asset Management L P raised its position in shares of Ennis by 4.1% in the 1st quarter. Martingale Asset Management L P now owns 20,109 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 800 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Ennis in the 1st quarter worth approximately $30,000. California Public Employees Retirement System raised its position in shares of Ennis by 1.5% in the 4th quarter. California Public Employees Retirement System now owns 108,448 shares of the industrial products company’s stock worth $2,088,000 after acquiring an additional 1,583 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Ennis by 10.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,346 shares of the industrial products company’s stock worth $443,000 after acquiring an additional 2,040 shares in the last quarter. Finally, Boston Partners raised its position in shares of Ennis by 3.5% in the 1st quarter. Boston Partners now owns 93,973 shares of the industrial products company’s stock worth $1,951,000 after acquiring an additional 3,177 shares in the last quarter. 82.95% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:EBF traded down $0.24 on Thursday, hitting $20.12. The stock had a trading volume of 123,434 shares, compared to its average volume of 117,512. Ennis has a twelve month low of $17.35 and a twelve month high of $22.95. The company has a quick ratio of 3.42, a current ratio of 4.38 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $19.59. The company has a market cap of $538.99 million, a P/E ratio of 13.88 and a beta of 0.58.
Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, June 24th. The industrial products company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Ennis had a return on equity of 13.09% and a net margin of 9.10%. The firm had revenue of $108.03 million for the quarter. On average, sell-side analysts forecast that Ennis will post 1.36 EPS for the current fiscal year.
The company 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 $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Thursday, July 11th. Ennis’s dividend payout ratio is currently 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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