Ennis (NYSE:EBF) Raised to "Buy" at Wall Street Zen

Key Points

• Ennis was upgraded to “Buy” from “Hold” by Wall Street Zen, while Weiss Ratings also raised its rating to “Buy.” MarketBeat reports a current consensus rating of “Buy.”
• Ennis shares opened at $21.61, down 2.4%, with a market capitalization of approximately $546.7 million. The stock’s 52-week range is $16.30 to $22.94.
• The company’s latest quarterly results met expectations, reporting EPS of $0.39 and revenue of $98.61 million versus a $98.20 million estimate; institutional investors own 74.33% of its shares.

Ennis (NYSE:EBF - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

Separately, Weiss Ratings raised shares of Ennis from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Ennis currently has a consensus rating of "Buy".

Ennis Stock Down 2.4%

EBF opened at $21.61 on Friday. Ennis has a 52 week low of $16.30 and a 52 week high of $22.94. The stock has a market cap of $546.73 million, a PE ratio of 12.94 and a beta of 0.27. The business has a 50 day moving average of $21.51 and a 200-day moving average of $21.05.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings data 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. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The business had revenue of $98.61 million during the quarter, compared to the consensus estimate of $98.20 million. During the same quarter in the prior year, the company earned $0.38 earnings per share.

Hedge Funds Weigh In On Ennis

A number of hedge funds have recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in Ennis during the 2nd quarter valued at about $27,000. Empowered Funds LLC purchased a new position in Ennis in the second quarter worth about $454,000. Public Employees Retirement System of Ohio bought a new position in shares of Ennis in the second quarter worth approximately $25,000. Almitas Capital LLC bought a new position in shares of Ennis in the second quarter worth approximately $2,953,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Ennis during the second quarter valued at approximately $232,000. 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.

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