Ennis (NYSE:EBF) Posts Earnings Results, Meets Expectations

Ennis (NYSE:EBF) announced its quarterly earnings data on Monday. The industrial products company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39, Zacks reports. Ennis had a net margin of 10.86% and a return on equity of 13.98%.

Ennis Trading Down 0.3%

NYSE:EBF opened at $20.27 on Monday. The stock has a market cap of $512.70 million, a P/E ratio of 12.21 and a beta of 0.28. The stock’s 50-day moving average is $20.59 and its 200-day moving average is $20.06. Ennis has a 1-year low of $16.30 and a 1-year high of $22.36.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Ennis from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Ennis

Several hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in Ennis by 7.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,220,960 shares of the industrial products company’s stock valued at $21,989,000 after acquiring an additional 82,521 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ennis by 5.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 689,695 shares of the industrial products company’s stock worth $12,511,000 after purchasing an additional 37,513 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Ennis by 72.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 632,839 shares of the industrial products company’s stock valued at $11,397,000 after purchasing an additional 266,533 shares during the period. Bank of America Corp DE raised its position in Ennis by 14.0% during the 3rd quarter. Bank of America Corp DE now owns 260,123 shares of the industrial products company’s stock worth $4,755,000 after purchasing an additional 31,960 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Ennis by 28.3% during the 3rd quarter. Two Sigma Investments LP now owns 189,374 shares of the industrial products company’s stock worth $3,462,000 after purchasing an additional 41,727 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

About Ennis

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.