Ennis’ (EBF) Hold (C-) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reaffirmed their hold (c-) rating on shares of Ennis (NYSE:EBF) in a research report released on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Ennis currently has an average rating of “Hold”.

Ennis Stock Performance

Shares of EBF stock opened at $16.57 on Thursday. The company has a market capitalization of $424.74 million, a price-to-earnings ratio of 10.17 and a beta of 0.45. Ennis has a 52-week low of $16.30 and a 52-week high of $22.29. The company has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $18.22.

Ennis (NYSE:EBF) last released its earnings results on Monday, September 22nd. The industrial products company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The firm had revenue of $98.68 million for the quarter, compared to analysts’ expectations of $99.00 million. Ennis had a net margin of 10.86% and a return on equity of 13.99%.

Ennis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, October 10th. Ennis’s dividend payout ratio is presently 61.35%.

Institutional Trading of Ennis

A number of institutional investors have recently modified their holdings of the business. Federated Hermes Inc. lifted its stake in shares of Ennis by 2.3% during the 1st quarter. Federated Hermes Inc. now owns 24,807 shares of the industrial products company’s stock valued at $498,000 after buying an additional 555 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Ennis by 4.6% during the 2nd quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock valued at $262,000 after buying an additional 633 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Ennis by 0.4% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 177,963 shares of the industrial products company’s stock valued at $3,253,000 after buying an additional 723 shares in the last quarter. CWM LLC lifted its stake in shares of Ennis by 20.5% during the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock valued at $91,000 after buying an additional 770 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in shares of Ennis by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the industrial products company’s stock valued at $661,000 after buying an additional 801 shares in the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Company Profile

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.