Ennis (NYSE:EBF) Issues Earnings Results

Ennis (NYSE:EBF) announced its quarterly earnings data on Monday. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, Zacks reports. Ennis had a net margin of 10.19% and a return on equity of 12.26%.

Ennis Trading Down 0.9%

NYSE EBF opened at $18.34 on Monday. The stock has a market cap of $477.81 million, a PE ratio of 11.83 and a beta of 0.48. Ennis has a 12 month low of $17.15 and a 12 month high of $25.75. The company’s 50-day moving average price is $18.62 and its 200-day moving average price is $19.97.

Insider Buying and Selling at Ennis

In related news, Director Michael J. Schaefer sold 9,612 shares of Ennis stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $17.94, for a total value of $172,439.28. Following the completion of the sale, the director now directly owns 49,987 shares in the company, valued at $896,766.78. The trade was a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 19,873 shares of company stock valued at $357,330 in the last three months. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ennis stock. Goldman Sachs Group Inc. boosted its stake in shares of Ennis, Inc. (NYSE:EBF) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 363,680 shares of the industrial products company’s stock after buying an additional 92,266 shares during the period. Goldman Sachs Group Inc. owned 1.40% of Ennis worth $7,306,000 as of its most recent filing with the Securities & Exchange Commission. 74.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Ennis from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 22nd.

About Ennis

Ennis, Inc 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, 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, 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, and AmeriPrint brands.