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NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$46.42
-0.13 (-0.28 %)
(As of 09/30/2020 04:30 PM ET)
Add
Compare
Today's Range
$46.14
Now: $46.42
$47.62
50-Day Range
$45.60
MA: $50.58
$55.14
52-Week Range
$38.01
Now: $46.42
$62.08
Volume116,586 shs
Average Volume113,852 shs
Market Capitalization$957.74 million
P/E Ratio16.76
Dividend Yield0.17%
Beta1.2
Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2, metal-clad, and armored cables for use primarily as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products. The company sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.
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Encore Wire logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.85 out of 5 stars


Industry, Sector and Symbol

Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
Current SymbolNASDAQ:WIRE
CUSIP29256210
Phone972-562-9473

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.27 billion
Cash Flow$3.43 per share
Book Value$37.17 per share

Profitability

Net Income$58.13 million

Miscellaneous

Employees1,380
Market Cap$957.74 million
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$46.42
-0.13 (-0.28 %)
(As of 09/30/2020 04:30 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

How has Encore Wire's stock been impacted by Coronavirus (COVID-19)?

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WIRE shares have increased by 4.5% and is now trading at $46.42.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Encore Wire?

2 Wall Street 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, resulting in a consensus recommendation of "Buy."
View analyst ratings for Encore Wire
.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Encore Wire
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings data on Wednesday, July, 29th. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $0.70 by $0.10. The electronics maker earned $253.63 million during the quarter, compared to the consensus estimate of $283.07 million. Encore Wire had a return on equity of 7.43% and a net margin of 4.91%. Encore Wire's revenue for the quarter was down 24.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share.
View Encore Wire's earnings history
.

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

Encore Wire declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, October 2nd will be given a dividend of $0.02 per share on Friday, October 16th. This represents a $0.08 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Thursday, October 1st.
View Encore Wire's dividend history
.

What price target have analysts set for WIRE?

2 analysts have issued 12-month price targets for Encore Wire's shares. Their forecasts range from $56.00 to $66.00. On average, they anticipate Encore Wire's stock price to reach $61.00 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price.
View analysts' price targets for Encore Wire
.

Are investors shorting Encore Wire?

Encore Wire saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 166,700 shares, a decline of 27.6% from the August 31st total of 230,300 shares. Based on an average daily trading volume, of 84,700 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.8% of the shares of the company are sold short.
View Encore Wire's Short Interest
.

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).

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 56)
  • Mr. Frank J. Bilban, VP of Fin., Treasurer, Sec. & CFO (Age 63)
  • Mr. David K. Smith, VP of Operations (Age 59)
  • Mr. Kevin M. Keiffer, VP of Sales & Marketing
  • Mr. Matthew D. Ford, Assistant Sec. & Controller

What is Encore Wire's stock symbol?

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

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Encore Wire's stock price today?

One share of WIRE stock can currently be purchased for approximately $46.42.

How big of a company is Encore Wire?

Encore Wire has a market capitalization of $957.74 million and generates $1.27 billion in revenue each year. The electronics maker earns $58.13 million in net income (profit) each year or $2.77 on an earnings per share basis. Encore Wire employs 1,380 workers across the globe.

What is Encore Wire's official website?

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

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 9/30/2020 by MarketBeat.com Staff

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