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MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Fraud Expert: Dump these three popular stocks (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
Fraud Expert: Dump these three popular stocks (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
66,000% upside on tiny biotech? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Fraud Expert: Dump these three popular stocks (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
Fraud Expert: Dump these three popular stocks (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
66,000% upside on tiny biotech? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Fraud Expert: Dump these three popular stocks (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
Fraud Expert: Dump these three popular stocks (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
66,000% upside on tiny biotech? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford

Encore Wire (WIRE) Stock Forecast, Price & News

$174.23
-0.17 (-0.10%)
(As of 09/22/2023 ET)
Compare
Today's Range
$174.08
$178.01
50-Day Range
$158.19
$178.49
52-Week Range
$108.53
$206.74
Volume
297,323 shs
Average Volume
238,538 shs
Market Capitalization
$2.93 billion
P/E Ratio
5.66
Dividend Yield
0.05%
Price Target
$240.00

Encore Wire MarketRank™ Forecast

Analyst Rating
0.00 Rating Score
Upside/​Downside
37.7% Upside
$240.00 Price Target
Short Interest
Bearish
24.80% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.53mentions of Encore Wire in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-19.86%
From $21.35 to $17.11 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.72 out of 5 stars

Industrial Products Sector

153rd out of 177 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

4th out of 7 stocks


WIRE stock logo

About Encore Wire (NASDAQ:WIRE) Stock

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. The company offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables. It sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives for residential, commercial, industrial, and renewable energy sectors. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.

WIRE Price History

WIRE Stock News Headlines

Encore Wire: Good Value With Renewable Upside
Encore Wire: The Shorts Are Offside
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
StockNews.com Lowers Encore Wire (NASDAQ:WIRE) to Hold
Bear Of The Day: Encore Wire (WIRE)
Q2 2023 Encore Wire Corp Earnings Call
Encore Wire Unusual Options Activity
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Encore Wire's Earnings Outlook
Encore Wire And Its Real Value
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Q1 2023 Encore Wire Corp Earnings Call
See More Headlines
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WIRE Company Calendar

Ex-Dividend for 7/21 Dividend
7/06/2023
Dividend Payable
7/21/2023
Last Earnings
7/25/2023
Today
9/24/2023
Ex-Dividend for 10/20 Dividend
10/05/2023
Dividend Payable
10/20/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:WIRE
CUSIP
29256210
Employees
1,672
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$240.00
High Stock Price Forecast
$240.00
Low Stock Price Forecast
$240.00
Forecasted Upside/Downside
+37.7%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$717.84 million
Pretax Margin
26.78%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$40.52 per share
Book Value
$99.15 per share

Miscellaneous

Free Float
15,872,000
Market Cap
$2.93 billion
Optionable
Optionable
Beta
1.33

Social Links

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Key Executives

  • Mr. Daniel L. Jones (Age 60)
    Chairman, Pres & CEO
    Comp: $7.12M
  • Mr. Bret J. Eckert (Age 56)
    Exec. VP, CFO, VP of Fin., Treasurer & Sec.
    Comp: $3.54M
  • Mr. William T. Bigbee
    VP of Operations
  • Mr. Kevin M. Keiffer
    VP of Sales & Marketing
  • Mr. Matthew D. Ford
    Assistant Sec. & Controller













WIRE Stock - Frequently Asked Questions

What is Encore Wire's stock price forecast for 2023?

0 Wall Street analysts have issued 1-year price objectives for Encore Wire's stock. Their WIRE share price forecasts range from $240.00 to $240.00. On average, they predict the company's stock price to reach $240.00 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price.
View analysts price targets for WIRE
or view top-rated stocks among Wall Street analysts.

How have WIRE shares performed in 2023?

Encore Wire's stock was trading at $137.56 at the start of the year. Since then, WIRE stock has increased by 26.7% and is now trading at $174.23.
View the best growth stocks for 2023 here
.

When is Encore Wire's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our WIRE earnings forecast
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings data on Tuesday, July, 25th. The electronics maker reported $6.01 EPS for the quarter, missing analysts' consensus estimates of $6.55 by $0.54. The electronics maker had revenue of $636.46 million for the quarter, compared to the consensus estimate of $738.60 million. Encore Wire had a trailing twelve-month return on equity of 32.05% and a net margin of 20.70%. Encore Wire's revenue was down 24.1% on a year-over-year basis. During the same period in the prior year, the company posted $10.71 EPS.

How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?

Encore Wire announced a quarterly dividend on Tuesday, August 8th. Investors of record on Friday, October 6th will be given a dividend of $0.02 per share on Friday, October 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.05%. The ex-dividend date of this dividend is Thursday, October 5th.
Read our dividend analysis for WIRE
.

Is Encore Wire a good dividend stock?

Encore Wire (NASDAQ:WIRE) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.05%. The dividend payout ratio is 0.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIRE.

What is Daniel L. Jones' approval rating as Encore Wire's CEO?

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.

What other stocks do shareholders of Encore Wire own?

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).

What is Encore Wire's stock symbol?

Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."

Who are Encore Wire's major shareholders?

Encore Wire's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.10%), Dimensional Fund Advisors LP (8.67%), State Street Corp (3.74%), LSV Asset Management (2.81%), Royce & Associates LP (2.26%) and Geode Capital Management LLC (2.13%).
View institutional ownership trends
.

How do I buy shares of Encore Wire?

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.
Compare Top Brokerages Here.

What is Encore Wire's stock price today?

One share of WIRE stock can currently be purchased for approximately $174.23.

How much money does Encore Wire make?

Encore Wire (NASDAQ:WIRE) has a market capitalization of $2.93 billion and generates $3.02 billion in revenue each year. The electronics maker earns $717.84 million in net income (profit) each year or $30.76 on an earnings per share basis.

How many employees does Encore Wire have?

The company employs 1,672 workers across the globe.

Does Encore Wire have any subsidiaries?
The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.
Read More
How can I contact Encore Wire?

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The official website for the company is www.encorewire.com. The electronics maker can be reached via phone at (972) 562-9473, via email at web.investor@encorewire.com, or via fax at 972-562-3644.

This page (NASDAQ:WIRE) was last updated on 9/24/2023 by MarketBeat.com Staff

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