Ennis, Inc. (NYSE:EBF) Receives Average Rating of “Hold” from Brokerages

Ennis, Inc. (NYSE:EBF) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokers have set a twelve-month consensus price target of $20.00 for the company, according to Zacks. Zacks has also assigned Ennis an industry rank of 107 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut Ennis from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.

Several institutional investors have recently added to or reduced their stakes in EBF. Rhumbline Advisers boosted its stake in shares of Ennis by 41.4% during the 4th quarter. Rhumbline Advisers now owns 38,436 shares of the industrial products company’s stock valued at $740,000 after buying an additional 11,255 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Ennis by 8.0% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 27,225 shares of the industrial products company’s stock valued at $524,000 after buying an additional 2,024 shares during the last quarter. Boston Partners boosted its stake in shares of Ennis by 1.8% during the 4th quarter. Boston Partners now owns 90,796 shares of the industrial products company’s stock valued at $1,748,000 after buying an additional 1,608 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Ennis by 18.8% during the 4th quarter. First Trust Advisors LP now owns 47,446 shares of the industrial products company’s stock valued at $913,000 after buying an additional 7,521 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Ennis by 50.5% during the fourth quarter. Acadian Asset Management LLC now owns 149,253 shares of the industrial products company’s stock worth $2,875,000 after purchasing an additional 50,062 shares during the last quarter. Institutional investors own 82.66% of the company’s stock.

Shares of NYSE:EBF opened at $20.41 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.25 and a quick ratio of 4.13. Ennis has a 52-week low of $17.35 and a 52-week high of $22.98. The firm has a 50 day moving average price of $19.13. The firm has a market capitalization of $500.63 million, a P/E ratio of 14.08 and a beta of 0.52.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, June 24th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The company had revenue of $108.03 million during the quarter. Ennis had a net margin of 9.34% and a return on equity of 13.26%. On average, equities research analysts anticipate that Ennis will post 1.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Thursday, July 11th. Ennis’s dividend payout ratio (DPR) is currently 62.07%.

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.

Read More: Are all No-Load Funds Equal?

Get a free copy of the Zacks research report on Ennis (EBF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ennis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ennis and related companies with MarketBeat.com's FREE daily email newsletter.