Ennis (NYSE:EBF) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Ennis (NYSE:EBFGet Rating) released its earnings results on Monday. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.08, MarketWatch Earnings reports. Ennis had a net margin of 9.02% and a return on equity of 12.52%.

Ennis Trading Down 2.1 %

Shares of EBF stock opened at $20.84 on Wednesday. Ennis has a twelve month low of $16.55 and a twelve month high of $22.67. The stock has a 50 day moving average of $21.31 and a 200 day moving average of $19.34. The stock has a market cap of $538.09 million, a P/E ratio of 14.18 and a beta of 0.44.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Friday, October 7th will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.80%. Ennis’s dividend payout ratio (DPR) is presently 68.03%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 28th.

Insider Activity at Ennis

In related news, Director Alejandro Quiroz sold 7,000 shares of Ennis stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $19.99, for a total value of $139,930.00. Following the completion of the transaction, the director now owns 25,003 shares in the company, valued at approximately $499,809.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in Ennis by 0.9% during the first quarter. BlackRock Inc. now owns 2,131,299 shares of the industrial products company’s stock worth $39,366,000 after acquiring an additional 18,520 shares during the period. Dimensional Fund Advisors LP lifted its stake in Ennis by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,005,740 shares of the industrial products company’s stock valued at $37,046,000 after buying an additional 18,245 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Ennis by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,889,253 shares of the industrial products company’s stock worth $34,895,000 after buying an additional 21,404 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Ennis by 2.3% in the second quarter. Goldman Sachs Group Inc. now owns 751,371 shares of the industrial products company’s stock valued at $15,201,000 after acquiring an additional 17,079 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Ennis by 1.6% during the second quarter. Northern Trust Corp now owns 521,560 shares of the industrial products company’s stock worth $10,551,000 after purchasing an additional 8,250 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

About Ennis

(Get Rating)

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, 360º 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, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, Ace Forms, and AmeriPrint brands.

Further Reading

Earnings History for Ennis (NYSE:EBF)

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