Ennis, Inc. (EBF) Receives Consensus Recommendation of “Hold” from Analysts

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 investment analyst has rated the stock with a hold rating.

Brokerages have set a 12 month consensus price target of $20.00 for the company, according to Zacks. Zacks has also assigned Ennis an industry rank of 39 out of 255 based on the ratings given to related companies.

Several research firms have recently issued reports on EBF. Zacks Investment Research raised Ennis from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Friday, October 5th. Oppenheimer raised Ennis from a “market perform” rating to a “$21.80” rating in a research note on Wednesday, July 18th.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Ennis by 3.8% in the first quarter. BlackRock Inc. now owns 1,807,968 shares of the industrial products company’s stock worth $35,616,000 after buying an additional 65,649 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ennis by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,151,609 shares of the industrial products company’s stock worth $42,387,000 after buying an additional 8,932 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Ennis by 22.8% in the first quarter. Guggenheim Capital LLC now owns 63,936 shares of the industrial products company’s stock worth $1,260,000 after buying an additional 11,881 shares during the period. Millennium Management LLC raised its holdings in shares of Ennis by 154.8% in the first quarter. Millennium Management LLC now owns 47,440 shares of the industrial products company’s stock worth $935,000 after buying an additional 28,821 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Ennis by 3.4% in the first quarter. Allianz Asset Management GmbH now owns 946,025 shares of the industrial products company’s stock worth $18,637,000 after buying an additional 30,893 shares during the period. 80.07% of the stock is owned by institutional investors and hedge funds.

NYSE:EBF opened at $19.54 on Thursday. The company has a market capitalization of $490.89 million, a PE ratio of 15.12 and a beta of 0.67. Ennis has a 1 year low of $17.65 and a 1 year high of $22.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.99 and a quick ratio of 3.90.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Tuesday, September 25th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business 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%. Research analysts expect that Ennis will post 1.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Stockholders of record on Friday, October 12th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, October 11th. Ennis’s payout ratio is 69.77%.

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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