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S&P 500   4,298.86
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Why did Biden repeal Trump's Executive Order?! (Ad)
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Will NIO Partake In China's Economic Awakening?
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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Stock market today: Wall Street drifts higher, marking 4th winning week for S&P 500
Why did Biden repeal Trump's Executive Order?! (Ad)
3 EV Stocks You Need To Have On Your Watchlist
3 Mid Caps You Haven't Heard Of But Need To Know About
Why did Biden repeal Trump's Executive Order?! (Ad)
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Will NIO Partake In China's Economic Awakening?
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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
Stock market today: Wall Street drifts higher, marking 4th winning week for S&P 500
Why did Biden repeal Trump's Executive Order?! (Ad)
3 EV Stocks You Need To Have On Your Watchlist
3 Mid Caps You Haven't Heard Of But Need To Know About
Why did Biden repeal Trump's Executive Order?! (Ad)
Why Turkey's currency is crashing after Erdogan got reelected
Even at $2,000+ Per Share, These 3 Stocks Are Deals
66,000% upside on tiny biotech? (Ad)
Will NIO Partake In China's Economic Awakening?
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
NASDAQ:WIRE

Encore Wire (WIRE) Stock Forecast, Price & News

$184.61
+3.69 (+2.04%)
(As of 06/9/2023 ET)
Compare
Today's Range
$179.84
$184.80
50-Day Range
$145.75
$184.74
52-Week Range
$94.39
$206.74
Volume
157,752 shs
Average Volume
230,799 shs
Market Capitalization
$3.24 billion
P/E Ratio
5.21
Dividend Yield
0.04%
Price Target
$250.00

Encore Wire MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.4% Upside
$250.00 Price Target
Short Interest
Bearish
17.68% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.27mentions of Encore Wire in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-19.61%
From $22.84 to $18.36 Per Share

Overall MarketRank

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

2.20 out of 5 stars

Industrial Products Sector

77th out of 179 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

1st out of 7 stocks


WIRE stock logo

About Encore Wire (NASDAQ:WIRE) Stock

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

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WIRE Stock News Headlines

Best Value Stocks to Buy for June 5th
WARNING TO ALL U.S. INVESTORS
May 16, 2023... The Day That Will Financially Paralyze 181 Million American Investors... Here are 3 steps to prepare yourself >>>
Encore Wire (NASDAQ:WIRE) Now Covered by StockNews.com
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Encore Wire (NASDAQ:WIRE) Shares Gap Down to $161.79
Q1 2023 Encore Wire Corp Earnings Call
Here's what Wall Street expects from Encore Wire's earnings
Encore Wire (WIRE) to Release Earnings on Tuesday
Wire and Cable Market Business Report [2023-2030]
See More Headlines

WIRE Price History

WIRE Company Calendar

Ex-Dividend for 4/21 Dividend
4/05/2023
Dividend Payable
4/21/2023
Last Earnings
4/25/2023
Today
6/09/2023
Ex-Dividend for 7/21 Dividend
7/06/2023
Dividend Payable
7/21/2023
Next Earnings (Estimated)
7/24/2023
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
$250.00
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$250.00
Forecasted Upside/Downside
+36.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$717.84 million
Pretax Margin
29.53%

Debt

Sales & Book Value

Annual Sales
$2.95 billion
Cash Flow
$40.28 per share
Book Value
$99.15 per share

Miscellaneous

Free Float
16,595,000
Market Cap
$3.21 billion
Optionable
Optionable
Beta
1.33

Social Links


Key Executives

  • Daniel L. Jones
    Chairman, President & Chief Executive Officer
  • Bret J. Eckert
    CFO, Secretary, Treasurer & Executive VP













WIRE Stock - Frequently Asked Questions

Should I buy or sell Encore Wire stock right now?

1 Wall Street equities 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 equities research analysts is that investors should "buy" WIRE shares.
View WIRE analyst ratings
or view top-rated stocks.

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

1 analysts have issued 1-year price targets for Encore Wire's stock. Their WIRE share price forecasts range from $250.00 to $250.00. On average, they predict the company's stock price to reach $250.00 in the next twelve months. This suggests a possible upside of 36.7% 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 beginning of the year. Since then, WIRE shares have increased by 33.0% and is now trading at $182.89.
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 Monday, July 24th 2023.
View our WIRE earnings forecast
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings results on Tuesday, April, 25th. The electronics maker reported $6.50 EPS for the quarter, topping the consensus estimate of $5.44 by $1.06. The electronics maker earned $660.50 million during the quarter, compared to analysts' expectations of $684.01 million. Encore Wire had a trailing twelve-month return on equity of 39.17% and a net margin of 22.87%. The firm's revenue was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $7.96 EPS.

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

Encore Wire declared a quarterly dividend on Thursday, May 4th. Investors of record on Friday, July 7th will be paid a dividend of $0.02 per share on Friday, July 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Thursday, July 6th.
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 0.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.44% 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.08%), Dimensional Fund Advisors LP (8.58%), Westfield Capital Management Co. LP (4.28%), State Street Corp (3.70%), Envestnet Asset Management Inc. (3.52%) and Royce & Associates LP (2.18%).
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 $182.89.

How much money does Encore Wire make?

Encore Wire (NASDAQ:WIRE) has a market capitalization of $3.21 billion and generates $2.95 billion in revenue each year. The electronics maker earns $717.84 million in net income (profit) each year or $35.46 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 6/10/2023 by MarketBeat.com Staff

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