Ennis, Inc. (NYSE:EBF) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 12-month consensus target price of $20.00 for the company, according to Zacks. Zacks has also given Ennis an industry rank of 212 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut Ennis from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd.

Several institutional investors have recently made changes to their positions in EBF. Ladenburg Thalmann Financial Services Inc. increased its position in Ennis by 286.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,811 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 3,567 shares during the period. Metropolitan Life Insurance Co NY increased its position in Ennis by 305.5% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 29,679 shares of the industrial products company’s stock valued at $912,000 after acquiring an additional 22,360 shares during the period. SEI Investments Co increased its position in Ennis by 204.3% in the 1st quarter. SEI Investments Co now owns 56,092 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 37,659 shares during the period. Oxford Asset Management LLP increased its position in Ennis by 35.8% in the 1st quarter. Oxford Asset Management LLP now owns 26,782 shares of the industrial products company’s stock valued at $556,000 after acquiring an additional 7,054 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in Ennis in the 1st quarter valued at approximately $829,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Shares of Ennis stock traded down $0.28 on Thursday, reaching $18.79. 66,600 shares of the company were exchanged, compared to its average volume of 114,126. The company has a current ratio of 5.25, a quick ratio of 4.13 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $499.25 million, a price-to-earnings ratio of 12.96 and a beta of 0.45. Ennis has a 1-year low of $17.35 and a 1-year high of $22.98.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $100.70 million for the quarter. Ennis had a return on equity of 13.26% and a net margin of 9.34%. Sell-side analysts predict that Ennis will post 1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Monday, April 15th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Friday, April 12th. Ennis’s payout ratio is 62.07%.

Ennis Company Profile

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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