NASDAQ:WIRE Encore Wire (WIRE) Stock Forecast, Price & News $184.61 +3.69 (+2.04%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$179.84▼$184.8050-Day Range$145.75▼$184.7452-Week Range$94.39▼$206.74Volume157,852 shsAverage Volume194,577 shsMarket Capitalization$3.24 billionP/E Ratio5.21Dividend Yield0.04%Price Target$250.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Encore Wire MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside35.4% Upside$250.00 Price TargetShort InterestBearish17.68% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.40Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-19.61%From $22.84 to $18.36 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.2.21 out of 5 starsIndustrial Products Sector76th out of 176 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry1st out of 7 stocks 3.5 Analyst's Opinion Consensus RatingEncore Wire has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $250.00, Encore Wire has a forecasted upside of 35.4% from its current price of $184.61.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted17.68% 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 11.4, which indicates bearish sentiment.Change versus previous monthShort interest in Encore Wire has recently increased by 14.79%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.04%, 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 0.23%. 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 0.44% 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 1.40. 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 0.82 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Encore Wire this week, compared to 3 articles on an average week.Search InterestOnly 11 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 Follows11 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is an increase of 22% 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 5.55% of the stock of Encore Wire is held by insiders.Percentage Held by Institutions99.20% 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 -19.61% in the coming year, from $22.84 to $18.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 5.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 5.21, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.84.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 1.86. 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 Corp. engages in manufacturing copper electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.Read More 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 Stock News HeadlinesJune 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 KnowJune 10, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 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 20, 2023 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Now Covered by StockNews.comJune 10, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 6, 2023 | msn.comEncore Wire (WIRE) Declares $0.02 DividendMay 3, 2023 | americanbankingnews.comDA Davidson Analysts Boost Earnings Estimates for Encore Wire Co. (NASDAQ:WIRE)May 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 28, 2023 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Shares Gap Down to $161.79April 28, 2023 | americanbankingnews.comEncore Wire Co. (NASDAQ:WIRE) Expected to Earn Q2 2023 Earnings of $6.55 Per ShareApril 27, 2023 | finance.yahoo.comQ1 2023 Encore Wire Corp Earnings CallApril 26, 2023 | msn.comEncore Wire slumps 11% after Q1 topline misses estimatesApril 25, 2023 | benzinga.comEncore Wire Corporation shares are trading lower after the company reported worse-than-expected Q1 results.April 25, 2023 | msn.comEncore Wire GAAP EPS of $6.50 beats by $0.75, revenue of $660.5M misses by $23.51MApril 25, 2023 | finance.yahoo.comEncore Wire Reports First Quarter Results; Highlights Continued Share Repurchases During 2023April 24, 2023 | markets.businessinsider.comHere's what Wall Street expects from Encore Wire's earningsApril 23, 2023 | americanbankingnews.comEncore Wire (WIRE) to Release Earnings on TuesdayApril 22, 2023 | marketwatch.comWire and Cable Market Business Report [2023-2030]April 20, 2023 | finance.yahoo.comInvestors in Encore Wire (NASDAQ:WIRE) have seen impressive returns of 286% over the past three yearsApril 20, 2023 | finance.yahoo.comHere's What to Expect From Encore Wire (WIRE) in Q1 EarningsApril 19, 2023 | marketwatch.comMulti-Conductor Control Cable Market | Regional Forecast to 2030See More Headlines WIRE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WIRE Company Calendar Ex-Dividend for 4/21 Dividend4/05/2023Dividend Payable4/21/2023Last Earnings4/25/2023Today6/10/2023Ex-Dividend for 7/21 Dividend7/06/2023Dividend Payable7/21/2023Next Earnings (Estimated)7/24/2023Fiscal 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$250.00 High Stock Price Forecast$250.00 Low Stock Price Forecast$250.00 Forecasted Upside/Downside+35.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$35.46 Trailing P/E Ratio5.21 Forward P/E Ratio8.08 P/E GrowthN/ANet Income$717.84 million Net Margins22.87% Pretax Margin29.53% Return on Equity39.17% Return on Assets35.26% Debt Debt-to-Equity RatioN/A Current Ratio10.48 Quick Ratio9.13 Sales & Book Value Annual Sales$2.95 billion Price / Sales1.10 Cash Flow$40.66 per share Price / Cash Flow4.54 Book Value$99.15 per share Price / Book1.86Miscellaneous Outstanding Shares17,570,000Free Float16,595,000Market Cap$3.24 billion OptionableOptionable Beta1.33 Social Links Key ExecutivesDaniel L. JonesChairman, President & Chief Executive OfficerBret J. EckertCFO, Secretary, Treasurer & Executive VPKey CompetitorsArconicNYSE:ARNCMueller IndustriesNYSE:MLIKaiser AluminumNASDAQ:KALUWorthington IndustriesNYSE:WORGreifNYSE:GEFView All CompetitorsInsiders & InstitutionsLevel Four Advisory Services LLCBought 2,302 shares on 6/5/2023Ownership: 0.013%ProShare Advisors LLCSold 229 shares on 5/26/2023Ownership: 0.015%Brandywine Global Investment Management LLCSold 79 shares on 5/25/2023Ownership: 0.285%Toroso Investments LLCBought 2,570 shares on 5/23/2023Ownership: 0.028%Capital Impact Advisors LLCSold 848 shares on 5/23/2023Ownership: 0.014%View All Insider TransactionsView All Institutional Transactions WIRE Stock - 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 year. 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 forecast for 2023? 1 brokerages have issued 12-month price targets for Encore Wire's stock. Their WIRE share price forecasts range from $250.00 to $250.00. On average, they expect the company's stock price to reach $250.00 in the next twelve months. This suggests a possible upside of 35.4% 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 the year. Since then, WIRE stock has increased by 34.2% and is now trading at $184.61. 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 Monday, July 24th 2023. View our WIRE earnings forecast. How were Encore Wire's earnings last quarter? Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings results on Tuesday, April, 25th. The electronics maker reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.44 by $1.06. The electronics maker had revenue of $660.50 million for the quarter, compared to analysts' expectations of $684.01 million. Encore Wire had a trailing twelve-month return on equity of 39.17% and a net margin of 22.87%. The firm's revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $7.96 earnings per share. How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire? Encore Wire announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, July 7th will be given a dividend of $0.02 per share on Friday, July 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, July 6th. 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), Changebridge Long/Short Equity ETF (CBLS), Changebridge Select Equity ETF (CBSE), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Quality ETF (XSHQ), Alpha Architect U.S. Quantitative Value ETF (QVAL) and Pacer US Small Cap Cash Cows 100 ETF (CALF). 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 0.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.44% 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.08%), Dimensional Fund Advisors LP (8.58%), Westfield Capital Management Co. LP (4.28%), State Street Corp (3.70%), Envestnet Asset Management Inc. (3.52%) and Royce & Associates LP (2.18%). 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 $184.61. How much money does Encore Wire make? Encore Wire (NASDAQ:WIRE) has a market capitalization of $3.24 billion and generates $2.95 billion in revenue each year. The electronics maker earns $717.84 million in net income (profit) each year or $35.46 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 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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