Ennis (NYSE:EBF) Posts Earnings Results, Beats Estimates By $0.01 EPS

Ennis (NYSE:EBF) released its quarterly earnings data on Monday. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01, RTT News reports. Ennis had a return on equity of 13.99% and a net margin of 10.86%.The business had revenue of $100.17 million during the quarter, compared to analysts’ expectations of $100.50 million. During the same period in the prior year, the firm posted $0.39 EPS.

Ennis Price Performance

Shares of NYSE:EBF opened at $18.06 on Monday. Ennis has a 1-year low of $16.30 and a 1-year high of $22.00. The stock has a market cap of $462.88 million, a P/E ratio of 11.08 and a beta of 0.38. The firm has a fifty day moving average price of $17.27 and a 200 day moving average price of $17.90.

Insider Activity at Ennis

In other Ennis news, COO Boyne Wade Brewer bought 2,000 shares of Ennis stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $17.05 per share, with a total value of $34,100.00. Following the completion of the acquisition, the chief operating officer owned 23,684 shares of the company’s stock, valued at approximately $403,812.20. This represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Ennis

Several institutional investors have recently added to or reduced their stakes in EBF. Cetera Investment Advisers boosted its position in shares of Ennis by 4.6% in the second quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock worth $262,000 after acquiring an additional 633 shares during the last quarter. Franklin Resources Inc. increased its position in Ennis by 4.5% during the third quarter. Franklin Resources Inc. now owns 20,294 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 874 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Ennis by 56.8% during the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 890 shares during the period. Bridgeway Capital Management LLC raised its stake in Ennis by 1.6% during the second quarter. Bridgeway Capital Management LLC now owns 82,993 shares of the industrial products company’s stock worth $1,505,000 after purchasing an additional 1,299 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Ennis by 1,037.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,390 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EBF. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ennis in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Ennis from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.