Positive News SentimentPositive NewsNASDAQ:WIRE Encore Wire (WIRE) Stock Forecast, Price & News $174.23 -0.17 (-0.10%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$174.08▼$178.0150-Day Range$158.19▼$178.4952-Week Range$108.53▼$206.74Volume297,323 shsAverage Volume238,538 shsMarket Capitalization$2.93 billionP/E Ratio5.66Dividend Yield0.05%Price Target$240.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Encore Wire MarketRank™ ForecastAnalyst Rating0.00 Rating ScoreUpside/Downside37.7% Upside$240.00 Price TargetShort InterestBearish24.80% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.53Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-19.86%From $21.35 to $17.11 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.72 out of 5 starsIndustrial Products Sector153rd out of 177 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry4th out of 7 stocks 2.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $240.00, Encore Wire has a forecasted upside of 37.7% from its current price of $174.23.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted24.80% 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 16.3, which indicates bearish sentiment.Change versus previous monthShort interest in Encore Wire has recently increased by 3.68%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.05%, 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 0.26%. 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 0.47% next year. This indicates that Encore Wire will be able to sustain or increase its 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 3.6 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 1.53. 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 higher news sentiment than the 0.73 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Encore Wire this week, compared to 3 articles on an average week.Search InterestOnly 4 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -78% compared to the previous 30 days.MarketBeat Follows8 people have added Encore Wire to their MarketBeat watchlist in the last 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 5.55% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Encore Wire are expected to decrease by -19.86% in the coming year, from $21.35 to $17.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 5.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 5.66, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.19.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 1.76. 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 About Encore Wire (NASDAQ:WIRE) StockEncore 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.Read More WIRE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WIRE Stock News HeadlinesSeptember 22, 2023 | msn.comEncore Wire: Good Value With Renewable UpsideSeptember 15, 2023 | msn.comEncore Wire: The Shorts Are OffsideSeptember 24, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.September 15, 2023 | americanbankingnews.comStockNews.com Lowers Encore Wire (NASDAQ:WIRE) to HoldSeptember 14, 2023 | finance.yahoo.comBear Of The Day: Encore Wire (WIRE)August 14, 2023 | finance.yahoo.comDeclining Stock and Solid Fundamentals: Is The Market Wrong About Encore Wire Corporation (NASDAQ:WIRE)?July 27, 2023 | finance.yahoo.comQ2 2023 Encore Wire Corp Earnings CallJuly 27, 2023 | benzinga.comEncore Wire Unusual Options ActivitySeptember 24, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.July 27, 2023 | finance.yahoo.comInvestors Shouldn't Overlook Encore Wire's (NASDAQ:WIRE) Impressive Returns On CapitalJuly 25, 2023 | finance.yahoo.comEncore Wire Reports Strong Second Quarter Results; Highlights Share Repurchases During Quarter; Board Increases Share Repurchase AuthorizationJuly 24, 2023 | benzinga.comEncore Wire's Earnings OutlookJuly 19, 2023 | msn.comEncore Wire And Its Real ValueJuly 7, 2023 | finance.yahoo.com7 Stocks Sitting on Huge Piles of CashJuly 3, 2023 | msn.comUnleashing The Power Of The Small: Atkore Vs. Encore WireJune 13, 2023 | msn.comEncore Wire (WIRE) is on the Move, Here's Why the Trend Could be SustainableJune 5, 2023 | finance.yahoo.comBest Value Stocks to Buy for June 5thMay 30, 2023 | finance.yahoo.comEncore Wire (WIRE) Stock Moves -0.18%: What You Should KnowMay 26, 2023 | finance.yahoo.comEncore Wire (WIRE) Crossed Above the 50-Day Moving Average: What That Means for InvestorsMay 26, 2023 | finance.yahoo.comEncore Wire (WIRE) Just Overtook the 20-Day Moving AverageMay 24, 2023 | msn.comEncore Wire Can Electrify Your PortfolioMay 23, 2023 | finance.yahoo.comRoyce Investment Partners Podcast: Discipline and Due Diligence in Small-Cap InvestingMay 6, 2023 | msn.comEncore Wire (WIRE) Declares $0.02 DividendMay 2, 2023 | msn.comEncore Wire's Margins Look UnsustainableMay 2, 2023 | finance.yahoo.comIs Terex (TEX) Outperforming Other Industrial Products Stocks This Year?May 1, 2023 | finance.yahoo.comDown -15.65% in 4 Weeks, Here's Why Encore Wire (WIRE) Looks Ripe for a TurnaroundApril 27, 2023 | finance.yahoo.comQ1 2023 Encore Wire Corp Earnings CallSee 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 WIRE Company Calendar Ex-Dividend for 7/21 Dividend7/06/2023Dividend Payable7/21/2023Last Earnings7/25/2023Today9/24/2023Ex-Dividend for 10/20 Dividend10/05/2023Dividend Payable10/20/2023Next Earnings (Estimated)10/24/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Rolling, drawing, & extruding of nonferrous metals Sub-IndustryElectrical Components & Equipment SectorIndustrial Products Current SymbolNASDAQ:WIRE CUSIP29256210 CIK850460 Webwww.encorewire.com Phone(972) 562-9473Fax972-562-3644Employees1,672Year Founded1989Price Target and Rating Average Stock Price Forecast$240.00 High Stock Price Forecast$240.00 Low Stock Price Forecast$240.00 Forecasted Upside/Downside+37.7%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$30.76 Trailing P/E Ratio5.66 Forward P/E Ratio8.16 P/E GrowthN/ANet Income$717.84 million Net Margins20.70% Pretax Margin26.78% Return on Equity32.05% Return on Assets28.82% Debt Debt-to-Equity RatioN/A Current Ratio8.23 Quick Ratio7.22 Sales & Book Value Annual Sales$3.02 billion Price / Sales0.97 Cash Flow$40.52 per share Price / Cash Flow4.30 Book Value$99.15 per share Price / Book1.76Miscellaneous Outstanding Shares16,810,000Free Float15,872,000Market Cap$2.93 billion OptionableOptionable Beta1.33 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Daniel L. Jones (Age 60)Chairman, Pres & CEO Comp: $7.12MMr. Bret J. Eckert (Age 56)Exec. VP, CFO, VP of Fin., Treasurer & Sec. Comp: $3.54MMr. William T. BigbeeVP of OperationsMr. Kevin M. KeifferVP of Sales & MarketingMr. Matthew D. FordAssistant Sec. & ControllerKey CompetitorsMueller IndustriesNYSE:MLIAlarm.comNASDAQ:ALRMHillenbrandNYSE:HIClear SecureNYSE:YOUO-I GlassNYSE:OIView All CompetitorsInsiders & InstitutionsBarclays PLCBought 991 shares on 9/21/2023Ownership: 0.073%Delos Wealth Advisors LLCBought 565 shares on 9/5/2023Ownership: 0.003%Alberta Investment Management CorpBought 750 shares on 8/24/2023Ownership: 0.048%Virginia Retirement Systems ET ALBought 10,800 shares on 8/22/2023Ownership: 0.064%Teachers Retirement System of The State of KentuckyBought 335 shares on 8/21/2023Ownership: 0.037%View All Insider TransactionsView All Institutional Transactions WIRE Stock - Frequently Asked Questions What is Encore Wire's stock price forecast for 2023? 0 Wall Street analysts have issued 1-year price objectives for Encore Wire's stock. Their WIRE share price forecasts range from $240.00 to $240.00. On average, they predict the company's stock price to reach $240.00 in the next twelve months. This suggests a possible upside of 37.7% 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 start of the year. Since then, WIRE stock has increased by 26.7% and is now trading at $174.23. 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, October 24th 2023. View our WIRE earnings forecast. How were Encore Wire's earnings last quarter? Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings data on Tuesday, July, 25th. The electronics maker reported $6.01 EPS for the quarter, missing analysts' consensus estimates of $6.55 by $0.54. The electronics maker had revenue of $636.46 million for the quarter, compared to the consensus estimate of $738.60 million. Encore Wire had a trailing twelve-month return on equity of 32.05% and a net margin of 20.70%. Encore Wire's revenue was down 24.1% on a year-over-year basis. During the same period in the prior year, the company posted $10.71 EPS. How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire? Encore Wire announced a quarterly dividend on Tuesday, August 8th. Investors of record on Friday, October 6th will be given a dividend of $0.02 per share on Friday, October 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.05%. The ex-dividend date of this dividend is Thursday, October 5th. Read our dividend analysis for WIRE. What ETFs hold Encore Wire's stock? ETFs with the largest weight of Encore Wire (NASDAQ:WIRE) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Industrials ETF (PSCI), Pacer US Small Cap Cash Cows 100 ETF (CALF), Profound Medical (PRN), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Euclidean Fundamental Value ETF (ECML) and Invesco S&P SmallCap Quality ETF (XSHQ). 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 0.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.47% 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.10%), Dimensional Fund Advisors LP (8.67%), State Street Corp (3.74%), LSV Asset Management (2.81%), Royce & Associates LP (2.26%) and Geode Capital Management LLC (2.13%). 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 $174.23. How much money does Encore Wire make? Encore Wire (NASDAQ:WIRE) has a market capitalization of $2.93 billion and generates $3.02 billion in revenue each year. The electronics maker earns $717.84 million in net income (profit) each year or $30.76 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Encore Wire Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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