For its third fiscal quarter (ending November 30), Ennis Inc (NYSE: EBF) has reported a -14% decline in E.P.S. from $0.44 a year ago to $0.38 in the current quarter. E.P.S. were $1.73 for the latest four quarters through November 30 versus $1.62 for the same period a year ago — an increase of 7%.
Recent Price Action
On 12/18/23, Ennis Inc (NYSE: EBF) stock suffered a large decline of -5.9%, closing at $21.39. Moreover, exceptionally high trading volume at 254% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -3.8% during the last week.
Current PriceTarget Research Rating
EBF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ennis has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ennis has a neutral Appreciation Score of 42 but a good Power Rating of 80, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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