Ennis (NYSE:EBF) Releases Quarterly Earnings Results, Hits Estimates

Ennis (NYSE:EBF) announced its quarterly earnings results on Monday. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39, RTT News reports. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Ennis Price Performance

Shares of EBF opened at $21.06 on Wednesday. The business’s 50 day simple moving average is $21.10 and its 200-day simple moving average is $22.25. The company has a market capitalization of $547.64 million, a P/E ratio of 13.33 and a beta of 0.41. Ennis has a one year low of $18.88 and a one year high of $25.75.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Thursday, January 9th. Ennis’s payout ratio is 63.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ennis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 11th.

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.