Ennis (NYSE:EBF) Cut to "Hold" at Wall Street Zen

Key Points

• Ennis was downgraded to “Hold” from “Buy” by Wall Street Zen, following a similar downgrade by Weiss Ratings. MarketBeat data shows the stock has an average analyst rating of “Hold.”
• Ennis reported quarterly EPS of $0.39, matching consensus estimates, while revenue of $98.61 million exceeded forecasts of $98.20 million. The company posted a 10.84% net margin and 13.89% return on equity.
• The stock opened at $22.07, near its 52-week high of $22.55, with a market capitalization of $558.2 million and a price-to-earnings ratio of 13.21. Institutional investors own approximately 74.33% of Ennis shares.

Ennis (NYSE:EBF - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

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

Ennis Price Performance

NYSE:EBF opened at $22.07 on Friday. The stock has a market cap of $558.20 million, a PE ratio of 13.21 and a beta of 0.27. Ennis has a fifty-two week low of $16.30 and a fifty-two week high of $22.55. The stock's 50-day moving average is $21.36 and its two-hundred day moving average is $20.95.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The business had revenue of $98.61 million during the quarter, compared to analyst estimates of $98.20 million. Ennis had a net margin of 10.84% and a return on equity of 13.89%. During the same period in the prior year, the firm earned $0.38 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EBF. Royce & Associates LP lifted its position in Ennis by 4.1% during the 4th quarter. Royce & Associates LP now owns 1,300,634 shares of the industrial products company's stock worth $23,424,000 after acquiring an additional 51,634 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Ennis by 46.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 72,120 shares of the industrial products company's stock worth $1,533,000 after purchasing an additional 22,947 shares during the period. Sei Investments Co. lifted its position in shares of Ennis by 39.2% during the 1st quarter. Sei Investments Co. now owns 97,482 shares of the industrial products company's stock worth $2,088,000 after purchasing an additional 27,458 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Ennis by 221,938.5% during the 1st quarter. Fifth Third Bancorp now owns 28,865 shares of the industrial products company's stock worth $618,000 after purchasing an additional 28,852 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Ennis by 46.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,753 shares of the industrial products company's stock valued at $1,644,000 after purchasing an additional 24,256 shares during the period. 74.33% of the stock is owned by institutional investors.

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.

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