Ennis (NYSE:EBF) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Ennis (NYSE:EBF) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings lowered shares of Ennis from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Ennis Trading Down 0.1%

Ennis stock opened at $22.07 on Friday. The stock has a 50 day moving average of $21.36 and a two-hundred day moving average of $20.95. Ennis has a twelve month low of $16.30 and a twelve month high of $22.55. The stock has a market capitalization of $558.24 million, a price-to-earnings ratio of 13.21 and a beta of 0.27.

Ennis (NYSE:EBF) last released its earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The business had revenue of $98.61 million for the quarter, compared to analyst estimates of $98.20 million. During the same quarter in the previous year, the company posted $0.38 earnings per share.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, July 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, July 10th. Ennis’s dividend payout ratio (DPR) is presently 59.88%.

Institutional Investors Weigh In On Ennis

Several institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC increased its stake in Ennis by 13.0% in the 2nd quarter. CoreCap Advisors LLC now owns 4,293 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 494 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Ennis by 18.3% during the 1st quarter. Parallel Advisors LLC now owns 3,641 shares of the industrial products company’s stock worth $78,000 after buying an additional 562 shares during the last quarter. Cetera Investment Advisers raised 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 worth $262,000 after buying an additional 633 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Ennis by 21.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,172 shares of the industrial products company’s stock worth $89,000 after buying an additional 729 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Ennis by 4.5% in the 3rd quarter. Franklin Resources Inc. now owns 20,294 shares of the industrial products company’s stock worth $371,000 after buying an additional 874 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

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.