Summary:
- Ennis (EBF, Financial) delivers stable dividends despite a drop in revenue.
- Recent acquisition of Northeastern Envelope aims to enhance manufacturing capabilities.
- Analysts maintain a positive outlook with a "Buy" recommendation.
Ennis (EBF) has released its first-quarter financial results, highlighting a GAAP earnings per share of $0.38. Although the company experienced a revenue decline to $97.2 million, representing a 5.7% decrease compared to the previous year, it continues to uphold its reputation as a reliable dividend payer. In a strategic move to bolster its manufacturing operations, Ennis has recently acquired Northeastern Envelope.
Wall Street Analysts Forecast
According to one-year price targets provided by 1 analyst, Ennis Inc (EBF, Financial) is anticipated to reach an average target price of $25.00, with estimates uniformly set at $25.00. This projection suggests a significant upside potential of 37.06% from the current stock price of $18.24. Investors can access more detailed forecast data on the Ennis Inc (EBF) Forecast page.
Reflecting on the consensus recommendation from a solitary brokerage firm, Ennis Inc (EBF, Financial) holds an average brokerage recommendation score of 1.0. This rating firmly suggests a "Buy" status, with the rating scale ranging from 1 to 5, where 1 is a Strong Buy and 5 is a Sell.
