Encore Wire Stock Price, News & Analysis (NASDAQ:WIRE)

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WIRE shares.
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1 brokers have issued 12 month target prices for Encore Wire's shares. Their WIRE share price targets range from $235.00 to $240.00. On average, they expect the company's stock price to reach $237.50 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
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Encore Wire's stock was trading at $137.56 at the beginning of 2023. Since then, WIRE stock has increased by 38.7% and is now trading at $190.73.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our WIRE earnings forecast.

Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings results on Tuesday, October, 24th. The electronics maker reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.16. The electronics maker had revenue of $636.99 million for the quarter. Encore Wire had a net margin of 17.51% and a trailing twelve-month return on equity of 25.60%.

Encore Wire declared a quarterly dividend on Thursday, November 9th. Investors of record on Friday, January 5th will be paid a dividend of $0.02 per share on Friday, January 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Thursday, January 4th.
Read our dividend analysis for WIRE.

Encore Wire (NASDAQ:WIRE) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.04%. The dividend payout ratio is 0.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIRE.

ETFs with the largest weight of Encore Wire (NASDAQ:WIRE) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Industrials ETF (PSCI), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Euclidean Fundamental Value ETF (ECML), Invesco S&P SmallCap Quality ETF (XSHQ) and ETC 6 Meridian Small Cap Equity ETF (SIXS).

24 employees have rated Encore Wire Chief Executive Officer Daniel L. Jones on Glassdoor.com. Daniel L. Jones has an approval rating of 59% among the company's employees. This puts Daniel L. Jones in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Encore Wire investors own include Verizon Communications (VZ), Altria Group (MO), AT&T (T), Weyerhaeuser (WY), AbbVie (ABBV), Advanced Micro Devices (AMD), Commercial Metals (CMC), Ecolab (ECL), Eastman Chemical (EMN) and General Electric (GE).

Encore Wire's stock is owned by a number of institutional and retail investors. Top institutional investors include LSV Asset Management (3.64%), JPMorgan Chase & Co. (2.18%), Morgan Stanley (2.12%), American Century Companies Inc. (1.97%), Northern Trust Corp (1.70%) and Charles Schwab Investment Management Inc. (1.39%).
View institutional ownership trends.

Shares of WIRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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