Ennis (NYSE:EBF) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Ennis (NYSE:EBF) issued its earnings results on Monday. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02), Zacks reports. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The business had revenue of $102.01 million for the quarter, compared to analyst estimates of $99.85 million.

Ennis Price Performance

Shares of NYSE:EBF opened at $21.43 on Tuesday. The business’s fifty day moving average price is $21.63 and its two-hundred day moving average price is $21.16. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.94. The stock has a market capitalization of $542.18 million, a price-to-earnings ratio of 12.83 and a beta of 0.27.

Ennis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, October 9th. This is a positive change from Ennis’s previous quarterly dividend of $0.25. Ennis’s payout ratio is 59.88%.

Key Headlines Impacting Ennis

Here are the key news stories impacting Ennis this week:

• Positive Sentiment: Ennis raised its quarterly dividend by 5%, from $0.25 to $0.2625 per share. The annualized payout is approximately $1.05 per share, representing a yield near 4.9% and signaling management’s confidence in cash generation. The dividend is payable November 6 to shareholders of record October 9. Ennis quarterly results and dividend announcement
• Positive Sentiment: Quarterly revenue increased 3.3% year over year to $102.0 million, exceeding analyst expectations of $99.85 million. The top-line performance may help offset some of the pressure from weaker profitability. Ennis revenue rises 3.3 percent
• Neutral Sentiment: Ennis said it will pursue all available remedies in litigation involving the B&D Litho lease. The dispute could create legal costs or uncertainty, although a favorable resolution could limit the financial impact. Ennis second-quarter profit and litigation update
• Negative Sentiment: Adjusted earnings performance was weaker than expected. Diluted EPS was $0.37, below the $0.39 consensus estimate and down from $0.51 in the prior-year quarter; profit and EBITDA also declined. The earnings miss may limit the positive effect of revenue growth and the dividend increase. Ennis earnings miss

Analyst Upgrades and Downgrades

EBF has been the topic of a number of research reports. Weiss Ratings downgraded Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Wall Street Zen upgraded shares of Ennis from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a manufacturer and supplier of printed business products headquartered in Midlothian, Texas. The company primarily serves independent distributors, print resellers and other business customers rather than selling directly to consumers.

Its product portfolio includes business forms, envelopes, labels, tags, checks, presentation folders, promotional products, apparel and other customized printed materials. Ennis also provides products used in commercial printing, packaging and workplace communications, with offerings manufactured through a network of production facilities and sold under various company brands.

Founded in 1909, Ennis has expanded over its history through organic growth and acquisitions in the printing and related product industries.