Ennis (NYSE:EBF) Releases Earnings Results

Ennis (NYSE:EBF - Get Free Report) announced its quarterly earnings data on Monday. The industrial products company reported $0.38 EPS for the quarter, Zacks reports. Ennis had a return on equity of 12.26% and a net margin of 10.19%.

Ennis Stock Down 0.9%

Shares of EBF stock opened at $18.34 on Monday. The stock has a market cap of $477.81 million, a P/E ratio of 11.83 and a beta of 0.48. The company's fifty day simple moving average is $18.62 and its two-hundred day simple moving average is $19.97. Ennis has a 52 week low of $17.15 and a 52 week high of $25.75.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Ennis from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 22nd.

Insider Transactions at Ennis

In other Ennis news, Director Michael J. Schaefer sold 9,612 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $17.94, for a total transaction of $172,439.28. Following the completion of the transaction, the director now owns 49,987 shares in the company, valued at $896,766.78. This trade represents a 16.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 19,873 shares of company stock valued at $357,330. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ennis stock. Empowered Funds LLC bought a new position in Ennis, Inc. (NYSE:EBF - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 15,894 shares of the industrial products company's stock, valued at approximately $319,000. Empowered Funds LLC owned about 0.06% of Ennis as of its most recent SEC filing. 74.33% of the stock is currently owned by institutional investors and hedge funds.

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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