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

$192.84
+6.73 (+3.62%)
(As of 01:27 PM ET)
Compare
Today's Range
$188.23
$192.97
50-Day Range
$168.31
$200.36
52-Week Range
$132.32
$206.74
Volume
76,608 shs
Average Volume
231,326 shs
Market Capitalization
$3.04 billion
P/E Ratio
7.53
Dividend Yield
0.04%
Price Target
$237.50

Encore Wire MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
24.5% Upside
$237.50 Price Target
Short Interest
Bearish
28.13% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-26.20%
From $21.53 to $15.89 Per Share

Overall MarketRank

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

1.54 out of 5 stars

Industrial Products Sector

79th out of 148 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

2nd out of 4 stocks


WIRE stock logo

About Encore Wire Stock (NASDAQ:WIRE)

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 Stock Price History

WIRE Stock News Headlines

Encore Wire Corp WIRE
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Q3 2023 Encore Wire Corp Earnings Call
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Encore Wire Q3 2023 Earnings Preview
Earnings Outlook For Encore Wire
Encore Wire: Good Value With Renewable Upside
Encore Wire: The Shorts Are Offside
Bear Of The Day: Encore Wire (WIRE)
Q2 2023 Encore Wire Corp Earnings Call
Encore Wire Unusual Options Activity
See More Headlines
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Company Calendar

Ex-Dividend for 10/20 Dividend
10/05/2023
Dividend Payable
10/20/2023
Last Earnings
10/24/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Ex-Dividend for 1/19 Dividend
1/04/2024
Dividend Payable
1/19/2024
Next Earnings (Estimated)
2/13/2024

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 Target
$237.50
High Stock Price Target
$240.00
Low Stock Price Target
$235.00
Potential Upside/Downside
+23.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$717.84 million
Pretax Margin
22.70%

Debt

Sales & Book Value

Annual Sales
$3.02 billion
Cash Flow
$41.39 per share
Book Value
$99.15 per share

Miscellaneous

Free Float
14,900,000
Market Cap
$3.03 billion
Optionable
Optionable
Beta
1.21

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WIRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Encore Wire stock right now?

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.
View WIRE analyst ratings
or view top-rated stocks.

What is Encore Wire's stock price target for 2024?

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.
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 2023. Since then, WIRE stock has increased by 38.7% and is now trading at $190.73.
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, February 13th 2024.
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, 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%.

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

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
.

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 0.04%. 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.

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).

Who are Encore Wire's major shareholders?

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
.

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.

Does Encore Wire have any subsidiaries?
The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.
Read More
This page (NASDAQ:WIRE) was last updated on 12/6/2023 by MarketBeat.com Staff

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