Positive News SentimentPositive News Encore Wire Stock Price, News & Analysis (NASDAQ:WIRE) $189.90 +1.51 (+0.80%) (As of 12/4/2023 ET) Add Compare Share Share Today's Range$186.55▼$190.6050-Day Range$168.31▼$200.3652-Week Range$132.32▼$206.74Volume114,448 shsAverage Volume232,458 shsMarket Capitalization$3.00 billionP/E Ratio7.42Dividend Yield0.04%Price Target$237.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Encore Wire MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside25.1% Upside$237.50 Price TargetShort InterestBearish28.13% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-26.20%From $21.53 to $15.89 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.2.18 out of 5 starsIndustrial Products Sector97th out of 168 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry2nd out of 4 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 $237.50, Encore Wire has a forecasted upside of 25.1% from its current price of $189.90.Amount of Analyst CoverageEncore Wire has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted28.13% 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 19, which indicates bearish sentiment.Change versus previous month 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 0.31%. 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 0.50% 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 3.3 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 1.89. 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 0.48 average news sentiment score of Industrial Products companies.Search InterestOnly 4 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat Follows6 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 Institutions99.82% 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 -26.20% in the coming year, from $21.53 to $15.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 7.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.85.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 7.42, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.64.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 1.92. 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 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.Read More WIRE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WIRE Stock News HeadlinesNovember 12, 2023 | nasdaq.comEncore Wire (FRA:EW3) Price Target Increased by 14.85% to 227.02November 10, 2023 | morningstar.comEncore Wire Corp WIREDecember 5, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. November 5, 2023 | uk.finance.yahoo.comEncore Wire Corporation (WIRE) stock price, news, quote & history – Yahoo FinanceOctober 30, 2023 | gurufocus.comThe Encore Wire Corp (WIRE) Company: A Short SWOT AnalysisOctober 27, 2023 | finance.yahoo.comIs There Now An Opportunity In Encore Wire Corporation (NASDAQ:WIRE)?October 26, 2023 | insidermonkey.comEncore Wire Corporation (NASDAQ:WIRE) Q3 2023 Earnings Call TranscriptOctober 26, 2023 | finance.yahoo.comQ3 2023 Encore Wire Corp Earnings CallDecember 5, 2023 | DTI Trader (Ad)New CBOE “special perk” helps traders target income every weekendYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. October 24, 2023 | finance.yahoo.comEncore Wire Corp (WIRE) Reports Strong Q3 2023 Results Amidst Market ChallengesOctober 23, 2023 | msn.comEncore Wire Q3 2023 Earnings PreviewOctober 23, 2023 | benzinga.comEarnings Outlook For Encore WireOctober 20, 2023 | investing.comEncore Wire stock shows resilience amid sector-wide declineOctober 19, 2023 | finance.yahoo.comEncore Wire (WIRE) Registers a Bigger Fall Than the Market: Important Facts to NoteOctober 13, 2023 | finance.yahoo.comEncore Wire (WIRE): Unveiling Its True Value - A Comprehensive GuideOctober 13, 2023 | finance.yahoo.comEncore Wire's (NASDAQ:WIRE) 34% CAGR outpaced the company's earnings growth over the same five-year periodOctober 11, 2023 | finance.yahoo.comEncore Wire (WIRE) Exceeds Market Returns: Some Facts to ConsiderOctober 3, 2023 | ca.investing.comEncore Wire sees stock dip, but outperforms sector over the past monthSeptember 29, 2023 | finance.yahoo.comAre Investors Undervaluing Encore Wire Corporation (NASDAQ:WIRE) By 24%?September 22, 2023 | msn.comEncore Wire: Good Value With Renewable UpsideSeptember 15, 2023 | msn.comEncore Wire: The Shorts Are OffsideSeptember 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 ActivityJuly 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 AuthorizationSee 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 Company Calendar Ex-Dividend for 10/20 Dividend10/05/2023Dividend Payable10/20/2023Last Earnings10/24/2023Today12/04/2023Fiscal Year End12/31/2023Ex-Dividend for 1/19 Dividend1/04/2024Dividend Payable1/19/2024Next Earnings (Estimated)2/13/2024Get 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 Target$237.50 High Stock Price Target$240.00 Low Stock Price Target$235.00 Potential Upside/Downside+25.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$25.61 Trailing P/E Ratio7.42 Forward P/E Ratio8.82 P/E GrowthN/ANet Income$717.84 million Net Margins17.51% Pretax Margin22.70% Return on Equity25.60% Return on Assets22.99% Debt Debt-to-Equity RatioN/A Current Ratio7.83 Quick Ratio6.85 Sales & Book Value Annual Sales$3.02 billion Price / Sales0.99 Cash Flow$40.93 per share Price / Cash Flow4.64 Book Value$99.15 per share Price / Book1.92Miscellaneous Outstanding Shares15,780,000Free Float14,900,000Market Cap$3.00 billion OptionableOptionable Beta1.21 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Daniel L. Jones (Age 60)Chairman, President & CEO Comp: $7.12MMr. Bret J. Eckert (Age 56)Executive VP, CFO, VP of Finance, Treasurer & Secretary Comp: $3.54MMr. William T. BigbeeVice President of OperationsMr. Kevin M. KeifferVice President of Sales & MarketingMr. Matthew D. FordAssistant Secretary & ControllerKey CompetitorsKaiser AluminumNASDAQ:KALUKadantNYSE:KAIClear SecureNYSE:YOUBeldenNYSE:BDCGreifNYSE:GEFView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Sold 1,900 shares on 12/1/2023Ownership: 0.096%American Century Companies Inc.Bought 22,235 shares on 11/30/2023Ownership: 1.971%Deutsche Bank AGBought 970 shares on 11/24/2023Ownership: 0.096%Public Sector Pension Investment BoardSold 11,117 shares on 11/22/2023Ownership: 0.132%Walleye Capital LLCBought 8,341 shares on 11/21/2023Ownership: 0.053%View All Insider TransactionsView All Institutional Transactions WIRE Stock Analysis - Frequently Asked Questions Should I buy or sell Encore Wire stock right now? 1 Wall Street 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 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 Wall Street research analysts have issued twelve-month target prices for Encore Wire's shares. Their WIRE share price targets range from $235.00 to $240.00. On average, they anticipate the company's stock price to reach $237.50 in the next year. This suggests a possible upside of 25.1% 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 on January 1st, 2023. Since then, WIRE stock has increased by 38.0% and is now trading at $189.90. 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, February 13th 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, October, 24th. The electronics maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.66 by $0.16. The electronics maker earned $636.99 million during the quarter. Encore Wire had a net margin of 17.51% and a trailing twelve-month return on equity of 25.60%. How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire? Encore Wire declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.02 per share on Friday, January 19th. This represents a $0.08 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Thursday, January 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 0.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.50% next year. This indicates that the company will be able to sustain or increase its dividend. 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), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Euclidean Fundamental Value ETF (ECML), Invesco S&P SmallCap Quality ETF (XSHQ) and ETC 6 Meridian Small Cap Equity ETF (SIXS). 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 LSV Asset Management (3.64%), JPMorgan Chase & Co. (2.18%), Morgan Stanley (2.12%), American Century Companies Inc. (1.97%), Northern Trust Corp (1.70%) and Charles Schwab Investment Management Inc. (1.39%). 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. 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 12/5/2023 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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