Ennis Inc . (NYSE:EBF), a leading provider of business solutions, has reached a new 52-week high, with its stock price hitting $23.83. This milestone marks a significant achievement for the company, reflecting its robust performance and strong market position. Over the past year, Ennis Inc. has seen a substantial increase in its stock value, with a 1-year change of 11.6%. This positive trend underscores the company's resilience and its ability to deliver consistent growth, even in a challenging market environment.
In other recent news, Ennis Inc. disclosed a decrease in quarterly revenue by 7.4% to $103.1 million and a decline in earnings per diluted share to $0.41 from $0.45. However, the company's EBITDA increased from $18.1 million to $19.0 million, maintaining an EBITDA to sales percentage of 18.4%. Additionally, Ennis Inc. secured a significant majority of shareholder votes in favor of all management proposals during its Annual Meeting of Shareholders. Shareholders re-elected three directors and approved the appointment of CohnReznick, LLP as the independent registered public accounting firm for the fiscal year ending 2025.
Ennis Inc. also announced the acquisition of Printing Technologies, Inc. (PTI), a strategic move expected to enhance its product offerings and market reach. The financial terms of the acquisition were not disclosed, but the integration of PTI's innovative solutions is anticipated to provide additional value to both companies' customers. In line with these developments, Ennis Inc. completed the integration of an ERP system at two recent acquisitions, which has started to yield improved performance. The company also declared a quarterly cash dividend of 25.0 cents per share, indicating its ongoing financial management strategy to maintain a steady return to its shareholders. These are among the recent developments at Ennis Inc.
InvestingPro Insights
Ennis Inc. (EBF) continues to demonstrate financial strength and stability, as evidenced by the latest InvestingPro data and tips. With a market capitalization of $614.78 million and a P/E ratio that has remained steady at around 14.61, the company presents an attractive valuation for investors. The adjusted P/E ratio for the last twelve months as of Q1 2025 stands at 14.75, indicating consistent earning potential.
Investors might also find comfort in the company's liquidity position. Ennis Inc. holds more cash than debt on its balance sheet, which is a reassuring sign of financial health, especially in uncertain economic times. Additionally, the company has maintained dividend payments for 52 consecutive years, showcasing a commitment to returning value to shareholders. The dividend yield as of 2024 stood at a generous 4.26%, with the stock trading close to its 52-week high at 98.45% of that peak value.
The company's stock has also been recognized for low price volatility, which could appeal to investors looking for stability in their portfolio. Moreover, Ennis Inc. has enjoyed a strong return over the last three months, with a 20.66% price total return, reflecting the company's robust performance and market confidence.
For those interested in deeper analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/EBF. These tips offer insights into the company's profitability, stock performance, and future earnings predictions. To access these valuable resources, consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, unlocking the full suite of investment tools and insights.
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