Encore Wire (WIRE) Stock Price, News & Analysis

-1.31 (-0.46%)
(As of 04/22/2024 ET)
Today's Range
50-Day Range
52-Week Range
541,958 shs
Average Volume
451,928 shs
Market Capitalization
$4.47 billion
P/E Ratio
Dividend Yield
Price Target

Encore Wire MarketRank™ Stock Analysis

Analyst Rating
2.00 Rating Score
3.4% Downside
$273.33 Price Target
Short Interest
20.61% of Float Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.54mentions of Encore Wire in the last 14 days
Based on 28 Articles This Week
Insider Trading
Proj. Earnings Growth
From $21.23 to $23.42 Per Share

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.

1.45 out of 5 stars

Industrial Products Sector

146th out of 169 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

5th out of 6 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. 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.

WIRE Stock Price History

WIRE Stock News Headlines

Encore Wire (NASDAQ:WIRE) Rating Reiterated by CJS Securities
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Encore Wire (NASDAQ:WIRE) Reaches New 52-Week High at $285.55
Encore Wire (NASDAQ:WIRE) Receives Neutral Rating from Sidoti
Encore Wire To Be Bought By Italy's Prysmian In $290/share Cash Deal
See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 4/19 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Rolling, drawing, & extruding of nonferrous metals
Electrical Components & Equipment
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
3 Analysts


Net Income
$372.40 million
Pretax Margin


Sales & Book Value

Annual Sales
$2.57 billion
Cash Flow
$25.53 per share
Book Value
$110.77 per share


Free Float
Market Cap
$4.47 billion

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WIRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Encore Wire stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WIRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIRE, but not buy additional shares or sell existing shares.
View WIRE analyst ratings
or view top-rated stocks.

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

3 brokers have issued 1 year price targets for Encore Wire's shares. Their WIRE share price targets range from $235.00 to $295.00. On average, they expect the company's stock price to reach $273.33 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
View analysts price targets for WIRE
or view top-rated stocks among Wall Street analysts.

How have WIRE shares performed in 2024?

Encore Wire's stock was trading at $213.60 at the beginning of the year. Since then, WIRE shares have increased by 32.5% and is now trading at $283.09.
View the best growth stocks for 2024 here

When is Encore Wire's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our WIRE earnings forecast

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings results on Wednesday, February, 14th. The electronics maker reported $4.10 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.05. The electronics maker had revenue of $633.78 million for the quarter, compared to analyst estimates of $601.48 million. Encore Wire had a net margin of 14.50% and a trailing twelve-month return on equity of 20.92%. The firm's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.28 EPS.

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

Encore Wire declared a quarterly dividend on Thursday, February 15th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.02 per share on Friday, April 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, April 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 0.03%. The dividend payout ratio is 0.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.34% 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 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 variety of institutional and retail investors. Top institutional investors include Hodges Capital Management Inc. (1.83%), Vaughan Nelson Investment Management L.P. (0.60%), Sunbelt Securities Inc. (0.58%), Oakworth Capital Inc. (0.43%), Baker Ellis Asset Management LLC (0.31%) and First Dallas Securities Inc. (0.24%).
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.

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 4/23/2024 by Staff

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