NASDAQ:WIRE Encore Wire (WIRE) Stock Price, News & Analysis $289.84 0.00 (0.00%) (As of 07/3/2024) Add Compare Share Share Today's Range$289.84▼$289.8450-Day Range$276.94▼$289.8452-Week Range$150.51▼$295.90Volume266 shsAverage Volume318,575 shsMarket Capitalization$4.58 billionP/E Ratio15.38Dividend Yield0.03%Price Target$273.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Encore Wire alerts: Email Address Encore Wire MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.7% Downside$273.33 Price TargetShort InterestBearish5.14% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.29Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth10.36%From $21.24 to $23.44 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.17 out of 5 starsIndustrial Products Sector159th out of 172 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry5th out of 6 stocks 1.0 Analyst's Opinion Consensus RatingEncore Wire has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days.Read more about Encore Wire's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.14% of the float of Encore Wire has been sold short.Short Interest Ratio / Days to CoverEncore Wire has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Encore Wire has recently increased by 3.74%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.03%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthEncore Wire does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Encore Wire is 0.42%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Encore Wire will have a dividend payout ratio of 0.34% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.Read more about Encore Wire's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WIRE. Previous Next 1.8 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Encore Wire this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Encore Wire insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.20% of the stock of Encore Wire is held by insiders.Percentage Held by Institutions99.82% of the stock of Encore Wire is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Encore Wire's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Encore Wire are expected to grow by 10.36% in the coming year, from $21.24 to $23.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 15.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 15.38, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.37.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 2.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Traders Agency5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.Click here to pay just $5 for a full year of Stealth Trades About Encore Wire Stock (NASDAQ:WIRE)Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It 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. The company's products are used to distribute power from the transmission grid to the wall outlet or switch. It sells its products to wholesale electrical distributors 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.Read More WIRE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WIRE Stock News HeadlinesJuly 25 at 3:11 PM | msn.comHow to watch 2024 Paris Olympics today: Thursday schedule, times, TV channels, streamingJuly 25 at 10:10 AM | msn.comHow to watch the 2024 Olympics opening ceremonyJuly 26, 2024 | WealthPress (Ad)This TSLA short trade is on a nine win hot streakMost Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.July 25 at 10:10 AM | finance.yahoo.comPrysmian gains €450m from EIB to boost Europe’s energy infrastructureJuly 24 at 3:11 PM | markets.businessinsider.comBuy Rating for Protagonist Therapeutics: Expanding Pipeline and Strong Partnership ProspectsJuly 23 at 7:07 PM | ca.finance.yahoo.comWHR Sep 2024 100.000 putJuly 23 at 5:23 AM | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Coverage Initiated by Analysts at StockNews.comJuly 22, 2024 | finance.yahoo.comQ1 Electrical Systems Earnings: Encore Wire (NASDAQ:WIRE) Earns Top MarksJuly 26, 2024 | WealthPress (Ad)This TSLA short trade is on a nine win hot streakMost Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.June 17, 2024 | investorplace.com7 Booming Stocks to Sell Before the BustJune 5, 2024 | globenewswire.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AKLI, WIRE on Behalf of ShareholdersJune 5, 2024 | globenewswire.comSTOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIREJune 4, 2024 | prnewswire.comSTOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIREJune 1, 2024 | gurufocus.comEncore Wire, the Prysmian Buyout, and Next PicksMay 10, 2024 | businesswire.comENCORE WIRE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Encore Wire Corporation - WIREMay 9, 2024 | finance.yahoo.comUPDATE 2-Italy's Prysmian aims to deliver Encore deal benefits fasterMay 9, 2024 | finance.yahoo.comUPDATE 1-Italy's Prysmian posts higher Q1 margin, sees FY results at upper end of forecastsApril 26, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Industrial Goods Stocks: Encore Wire (WIRE) and Crane Company (CR)See More Headlines Receive WIRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Encore Wire and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/23/2024Ex-Dividend for 7/19 Dividend7/05/2024Dividend Payable7/19/2024Today7/26/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorIndustrial Products Industry Rolling, drawing, & extruding of nonferrous metals Sub-IndustryElectrical Components & Equipment Current SymbolNASDAQ:WIRE CUSIP29256210 CIK850460 Webwww.encorewire.com Phone(972) 562-9473Fax972-562-3644Employees1,629Year Founded1989Price Target and Rating Average Stock Price Target$273.33 High Stock Price Target$295.00 Low Stock Price Target$235.00 Potential Upside/Downside-5.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$18.85 Trailing P/E Ratio15.38 Forward P/E Ratio13.65 P/E GrowthN/ANet Income$372.40 million Net Margins12.45% Pretax Margin16.19% Return on Equity17.77% Return on Assets15.81% Debt Debt-to-Equity RatioN/A Current Ratio7.49 Quick Ratio6.46 Sales & Book Value Annual Sales$2.54 billion Price / Sales1.80 Cash Flow$25.63 per share Price / Cash Flow11.31 Book Value$110.77 per share Price / Book2.62Miscellaneous Outstanding Shares15,797,000Free Float14,660,000Market Cap$4.58 billion OptionableOptionable Beta1.19 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Daniel L. Jones (Age 61)Chairman, President & CEO Comp: $8.8MMr. Bret J. Eckert (Age 57)Executive VP, CFO, VP of Finance, Treasurer & Secretary Comp: $4.42MMr. William T. BigbeeVice President of Operations and R&D ServicesDavid R. McAteeGeneral CounselKevin M. HeffernanVice President of Sales & MarketingRob E. CailletVice President of Human Resources and Environmental, Health, & SafetyMr. Matthew D. FordAssistant Secretary & ControllerMore ExecutivesKey CompetitorsArconicNYSE:ARNCEnphase EnergyNASDAQ:ENPHGeneracNYSE:GNRCAcuity BrandsNYSE:AYIFranklin ElectricNASDAQ:FELEView All CompetitorsInstitutional OwnershipBank of New York Mellon CorpBought 653 shares on 7/26/2024Ownership: 1.036%Cambridge Investment Research Advisors Inc.Sold 4,364 shares on 7/26/2024Ownership: 0.070%Louisiana State Employees Retirement SystemBought 100 shares on 7/24/2024Ownership: 0.050%SummerHaven Investment Management LLCBought 52 shares on 7/24/2024Ownership: 0.027%Freedom Day Solutions LLCSold 75 shares on 7/22/2024Ownership: 0.052%View All Institutional Transactions WIRE Stock Analysis - Frequently Asked Questions How have WIRE shares performed this year? Encore Wire's stock was trading at $213.60 at the beginning of the year. Since then, WIRE shares have increased by 35.7% and is now trading at $289.84. View the best growth stocks for 2024 here. How were Encore Wire's earnings last quarter? Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings results on Tuesday, April, 23rd. The electronics maker reported $3.92 EPS for the quarter, beating analysts' consensus estimates of $3.65 by $0.27. The company's revenue was down 4.2% compared to the same quarter last year. 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. Does Encore Wire have any subsidiaries? Encore Wire subsidiaries include these companies: EWC Aviation Corporation. Who are Encore Wire's major shareholders? Top institutional shareholders of Encore Wire include Bank of New York Mellon Corp (1.04%), Oakworth Capital Inc. (0.33%), Hunter Perkins Capital Management LLC (0.12%) and Raymond James & Associates (0.12%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Encore Wire own? Based on aggregate information from My MarketBeat watchlists, some other companies that Encore Wire investors own include Verizon Communications (VZ), Altria Group (MO), AT&T (T), Weyerhaeuser (WY), AbbVie (ABBV), Advanced Micro Devices (AMD) and Commercial Metals (CMC). This page (NASDAQ:WIRE) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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