Ennis (NYSE:EBF) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Ennis (NYSE:EBF) has received a "hold (c)" rating from Weiss Ratings, indicating a stable outlook for investors.
• The company reported a quarterly EPS of $0.51, exceeding the consensus estimate by $0.13, although revenue fell slightly short of expectations.
• Significant institutional investment was observed, with companies like Charles Schwab and Robeco increasing their stakes significantly in Ennis.

Ennis (NYSE:EBF - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Ennis Stock Performance

EBF stock traded up $0.24 during trading on Wednesday, reaching $17.72. The company had a trading volume of 196,080 shares, compared to its average volume of 143,464. Ennis has a twelve month low of $17.15 and a twelve month high of $24.37. The firm has a 50-day simple moving average of $18.17 and a 200-day simple moving average of $18.51. The company has a market cap of $454.16 million, a price-to-earnings ratio of 10.87 and a beta of 0.45.

Ennis (NYSE:EBF - Get Free Report) last issued its quarterly earnings results on Monday, September 22nd. The industrial products company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.38 by $0.13. Ennis had a net margin of 10.86% and a return on equity of 13.99%. The company had revenue of $98.68 million during the quarter, compared to analyst estimates of $99.00 million.

Insider Buying and Selling

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

Institutional Investors Weigh In On Ennis

A number of institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Ennis by 268.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company's stock worth $19,991,000 after buying an additional 725,379 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Ennis by 968.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 279,764 shares of the industrial products company's stock worth $5,620,000 after acquiring an additional 253,569 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Ennis by 504.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 198,211 shares of the industrial products company's stock worth $3,596,000 after acquiring an additional 165,437 shares in the last quarter. Nuveen LLC acquired a new position in Ennis in the 1st quarter worth about $2,743,000. Finally, American Century Companies Inc. increased its holdings in shares of Ennis by 16.2% during the 1st quarter. American Century Companies Inc. now owns 717,048 shares of the industrial products company's stock valued at $14,405,000 after acquiring an additional 99,841 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

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.

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