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NASDAQ:WIRE

Encore Wire (WIRE) Stock Price, News & Analysis

$278.69
+1.75 (+0.63%)
(As of 05/24/2024 04:00 PM ET)
Today's Range
$277.84
$279.61
50-Day Range
$229.68
$291.23
52-Week Range
$150.51
$295.90
Volume
196,700 shs
Average Volume
255,791 shs
Market Capitalization
$4.40 billion
P/E Ratio
14.78
Dividend Yield
0.03%
Price Target
$273.33

Encore Wire MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.9% Downside
$273.33 Price Target
Short Interest
Healthy
7.21% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.23mentions of Encore Wire in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.36%
From $21.24 to $23.44 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.

2.04 out of 5 stars

Industrial Products Sector

130th out of 166 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. 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 Reports First Quarter Results
Encore Wire To Be Bought By Italy's Prysmian In $290/share Cash Deal
See More Headlines
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Company Calendar

Ex-Dividend for 4/19 Dividend
4/04/2024
Dividend Payable
4/19/2024
Last Earnings
4/23/2024
Today
5/27/2024
Ex-Dividend for 7/19 Dividend
7/05/2024
Dividend Payable
7/19/2024
Next Earnings (Estimated)
7/23/2024
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
1,629
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$273.33
High Stock Price Target
$295.00
Low Stock Price Target
$235.00
Potential Upside/Downside
-1.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$372.40 million
Pretax Margin
16.19%

Debt

Sales & Book Value

Annual Sales
$2.57 billion
Cash Flow
$25.64 per share
Book Value
$110.77 per share

Miscellaneous

Free Float
14,660,000
Market Cap
$4.40 billion
Optionable
Optionable
Beta
1.28

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Key Executives

  • Mr. Daniel L. Jones (Age 61)
    Chairman, President & CEO
    Comp: $8.8M
  • Mr. Bret J. Eckert (Age 57)
    Executive VP, CFO, VP of Finance, Treasurer & Secretary
    Comp: $4.42M
  • Mr. William T. Bigbee
    Vice President of Operations and R&D Services
  • David R. McAtee
    General Counsel
  • Kevin M. Heffernan
    Vice President of Sales & Marketing
  • Rob E. Caillet
    Vice President of Human Resources and Environmental, Health, & Safety
  • Mr. Matthew D. FordMr. Matthew D. Ford
    Assistant Secretary & Controller

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 analysts have issued 1 year target prices for Encore Wire's shares. Their WIRE share price targets range from $235.00 to $295.00. On average, they predict the company's stock price to reach $273.33 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
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 2024. Since then, WIRE shares have increased by 30.5% and is now trading at $278.69.
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, July 23rd 2024.
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, 23rd. The electronics maker reported $3.92 EPS for the quarter, beating the consensus estimate of $3.65 by $0.27. The electronics maker had revenue of $632.66 million for the quarter, compared to analyst estimates of $579.64 million. Encore Wire had a trailing twelve-month return on equity of 17.77% and a net margin of 12.45%. The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $6.50 EPS.

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

Encore Wire announced a quarterly dividend on Wednesday, May 15th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.02 per share on Friday, July 19th. This represents a $0.08 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Friday, July 5th.
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 0.42%. 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 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.78%), LSV Asset Management (3.38%), Hodges Capital Management Inc. (1.83%), Janus Henderson Group PLC (1.42%), Vaughan Nelson Investment Management L.P. (0.60%) and Principal Financial Group Inc. (0.58%).
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 5/27/2024 by MarketBeat.com Staff

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