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S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NASDAQ:WIRE

Encore Wire (WIRE) Stock Price, News & Analysis

$216.59
-1.88 (-0.86%)
(As of 02/22/2024 ET)
Today's Range
$216.09
$222.65
50-Day Range
$209.52
$245.68
52-Week Range
$138.20
$250.00
Volume
157,957 shs
Average Volume
168,017 shs
Market Capitalization
$3.41 billion
P/E Ratio
10.11
Dividend Yield
0.04%
Price Target
$237.50

Encore Wire MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.7% Upside
$237.50 Price Target
Short Interest
Bearish
22.77% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.95mentions of Encore Wire in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.48%
From $16.52 to $17.59 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.

1.59 out of 5 stars

Industrial Products Sector

138th out of 167 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

4th out of 5 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 (NASDAQ:WIRE) Stock Rating Lowered by StockNews.com
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The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
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The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
Encore Wire (NASDAQ:WIRE) Rating Increased to Buy at StockNews.com
Encore Wire (NASDAQ:WIRE) Sets New 1-Year High on Earnings Beat
Encore Wire Announces Cash Dividend
Encore Wire Announces Cash Dividend
Encore Wire Corp.
Encore Wire Corporation (WIRE)
See More Headlines
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Company Calendar

Ex-Dividend for 1/19 Dividend
1/04/2024
Dividend Payable
1/19/2024
Last Earnings
2/14/2024
Today
2/22/2024
Ex-Dividend for 4/19 Dividend
4/04/2024
Dividend Payable
4/19/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

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
+9.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$372.40 million
Pretax Margin
18.87%

Debt

Sales & Book Value

Annual Sales
$2.57 billion
Cash Flow
$25.33 per share
Book Value
$110.86 per share

Miscellaneous

Free Float
14,900,000
Market Cap
$3.41 billion
Optionable
Optionable
Beta
1.31

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WIRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Encore Wire stock right now?

1 Wall Street equities 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 equities 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 brokerages have issued twelve-month price objectives for Encore Wire's stock. 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 9.7% 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 2024?

Encore Wire's stock was trading at $213.60 at the start of the year. Since then, WIRE stock has increased by 1.4% and is now trading at $216.59.
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) posted its quarterly earnings data on Wednesday, February, 14th. The electronics maker reported $4.10 EPS for the quarter, beating analysts' consensus estimates 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%. Encore Wire'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 earnings per share.

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. Investors of record on Friday, April 5th will be given a dividend of $0.02 per share on Friday, April 19th. This represents a $0.08 annualized dividend and a yield of 0.04%. 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 0.04%. 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 0.45% 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.84%), Dimensional Fund Advisors LP (8.36%), LSV Asset Management (3.60%), Pacer Advisors Inc. (2.99%), Westwood Holdings Group Inc. (2.41%) and Goldman Sachs Group Inc. (2.23%).
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 2/23/2024 by MarketBeat.com Staff