Ennis (NYSE:EBF) Issues Earnings Results, Beats Estimates By $0.13 EPS

Ennis (NYSE:EBF) released its quarterly earnings data on Monday. The industrial products company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13, Zacks reports. Ennis had a return on equity of 14.05% and a net margin of 10.86%.The company had revenue of $98.68 million for the quarter, compared to analyst estimates of $99.00 million.

Ennis Price Performance

Ennis stock opened at $18.26 on Wednesday. The firm has a 50 day simple moving average of $18.14 and a 200-day simple moving average of $18.73. The stock has a market cap of $470.98 million, a price-to-earnings ratio of 11.20 and a beta of 0.47. Ennis has a 1-year low of $17.15 and a 1-year high of $25.55.

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, October 10th. Ennis’s payout ratio is presently 65.79%.

Insider Buying and Selling

In other Ennis news, Director Walter D. Gruenes acquired 5,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $17.99 per share, for a total transaction of $98,945.00. Following the completion of the transaction, the director owned 10,743 shares of the company’s stock, valued at approximately $193,266.57. The trade was a 104.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Ennis

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of Ennis by 34.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock worth $7,306,000 after purchasing an additional 92,266 shares during the last quarter. Empowered Funds LLC purchased a new position in Ennis during the first quarter worth about $319,000. Cetera Investment Advisers increased its position in shares of Ennis by 4.6% during the second quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock valued at $262,000 after acquiring an additional 633 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Ennis by 399.6% in the 2nd quarter. Quantbot Technologies LP now owns 4,971 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 3,976 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ennis by 18.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 68,511 shares of the industrial products company’s stock worth $1,243,000 after acquiring an additional 10,744 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

About Ennis

Ennis, Inc 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, 360º 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, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.