NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$84.60
-0.25 (-0.29 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$83.46
$85.24
50-Day Range
$67.07
$88.56
52-Week Range
$45.32
$89.34
Volume290,190 shs
Average Volume115,520 shs
Market Capitalization$1.75 billion
P/E Ratio6.51
Dividend Yield0.09%
Beta1.14
30 days | 90 days | 365 days | Advanced Chart
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Encore Wire logo

About Encore Wire

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm is a significant supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. It offers an electric building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2 and other types of wire products, including Metal Clad, Armored Cable, Photovoltaic Cable and Bare Copper. Its principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

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MarketRank

Overall MarketRank

1.94 out of 5 stars

Industrial Products Sector

142nd out of 240 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

6th out of 8 stocks

Analyst Opinion: 1.3Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

Is Encore Wire a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Encore Wire stock.
View analyst ratings for Encore Wire
or view top-rated stocks.

What stocks does MarketBeat like better than Encore Wire?

Wall Street analysts have given Encore Wire a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Encore Wire wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Encore Wire?

Encore Wire saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 445,600 shares, an increase of 19.1% from the July 29th total of 374,100 shares. Based on an average trading volume of 127,700 shares, the short-interest ratio is presently 3.5 days. Currently, 2.2% of the company's shares are sold short.
View Encore Wire's Short Interest
.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Encore Wire
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) posted its quarterly earnings results on Monday, July, 26th. The electronics maker reported $8.82 EPS for the quarter, beating the Zacks' consensus estimate of $1.38 by $7.44. The electronics maker had revenue of $744.40 million for the quarter, compared to the consensus estimate of $456.52 million. Encore Wire had a net margin of 14.11% and a trailing twelve-month return on equity of 29.98%. The firm's revenue for the quarter was up 193.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share.
View Encore Wire's earnings history
.

How has Encore Wire's stock been impacted by Coronavirus?

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WIRE shares have increased by 90.5% and is now trading at $84.60.
View which stocks have been most impacted by COVID-19
.

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

Encore Wire announced a quarterly dividend on Monday, August 9th. Shareholders of record on Friday, October 1st will be given a dividend of $0.02 per share on Friday, October 15th. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date is Thursday, September 30th.
View Encore Wire's dividend history
.

Is Encore Wire a good dividend stock?

Encore Wire pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.09%. The dividend payout ratio of Encore Wire is 2.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 0.87% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

What price target have analysts set for WIRE?

2 equities research analysts have issued 12 month price objectives for Encore Wire's shares. Their forecasts range from $65.00 to $80.00. On average, they anticipate Encore Wire's share price to reach $72.50 in the next twelve months. This suggests that the stock has a possible downside of 14.3%.
View analysts' price targets for Encore Wire
or view top-rated stocks among Wall Street analysts.

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Daniel L. Jones, Chairman, President & Chief Executive Officer
  • Bret J. Eckert, Chief Financial Officer, Secretary, Treasurer & VP

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

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

Who are some of Encore Wire's key competitors?

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. (15.87%), Vanguard Group Inc. (10.26%), Dimensional Fund Advisors LP (7.46%), Victory Capital Management Inc. (6.72%), State Street Corp (3.37%) and Barrow Hanley Mewhinney & Strauss LLC (3.01%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford.
View institutional ownership trends for Encore Wire
.

Which institutional investors are selling Encore Wire stock?

WIRE stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Frontier Capital Management Co. LLC, Victory Capital Management Inc., Thrivent Financial for Lutherans, Monarch Partners Asset Management LLC, Invesco Ltd., Barrow Hanley Mewhinney & Strauss LLC, and Bank of America Corp DE.
View insider buying and selling activity for Encore Wire
or view top insider-selling stocks.

Which institutional investors are buying Encore Wire stock?

WIRE stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Goldman Sachs Group Inc., First Trust Advisors LP, Vanguard Group Inc., Baker Ellis Asset Management LLC, State Street Corp, Gendell Jeffrey L, and Prudential Financial Inc..
View insider buying and selling activity for Encore Wire
or or view top insider-buying stocks.

How do I buy shares of Encore Wire?

Shares of WIRE 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 $84.60.

How much money does Encore Wire make?

Encore Wire has a market capitalization of $1.75 billion and generates $1.28 billion in revenue each year. The electronics maker earns $76.07 million in net income (profit) each year or $3.68 on an earnings per share basis.

How many employees does Encore Wire have?

Encore Wire employs 1,289 workers across the globe.

Does Encore Wire have any subsidiaries?

The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.

When was Encore Wire founded?

Encore Wire was founded in 1989.

What is Encore Wire's official website?

The official website for Encore Wire is www.encorewire.com.

Where are Encore Wire's headquarters?

Encore Wire is headquartered at 1329 MILLWOOD RD, MCKINNEY TX, 75069.

How can I contact Encore Wire?

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at (972) 562-9473.


This page was last updated on 9/18/2021 by MarketBeat.com Staff
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