Ennis (NYSE:EBF) Announces Earnings Results, Beats Expectations By $0.01 EPS

Ennis (NYSE:EBF - Get Free Report) announced its quarterly earnings results on Monday. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01, Zacks reports. Ennis had a net margin of 10.12% and a return on equity of 12.32%. The company had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million.

Ennis Price Performance

Shares of Ennis stock traded up $0.06 on Thursday, hitting $18.53. The company had a trading volume of 146,260 shares, compared to its average volume of 159,240. The stock has a 50-day moving average of $18.61 and a 200-day moving average of $19.93. Ennis has a twelve month low of $17.15 and a twelve month high of $25.75. The firm has a market capitalization of $482.81 million, a P/E ratio of 12.19 and a beta of 0.48.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, July 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Friday, July 11th. Ennis's payout ratio is currently 64.52%.

Insider Activity at Ennis

In other news, Director Michael J. Schaefer sold 9,612 shares of Ennis stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $17.94, for a total value of $172,439.28. Following the sale, the director now directly owns 49,987 shares in the company, valued at $896,766.78. This trade represents a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 19,873 shares of company stock valued at $357,330. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ennis stock. Empowered Funds LLC acquired a new position in shares of Ennis, Inc. (NYSE:EBF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,894 shares of the industrial products company's stock, valued at approximately $319,000. Empowered Funds LLC owned 0.06% of Ennis as of its most recent SEC filing. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Ennis from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 22nd.

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.