Encore Wire - WIRE Stock Forecast, Price & News

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.
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1 brokers have issued 1 year price targets for Encore Wire's shares. Their WIRE share price forecasts range from $200.00 to $200.00. On average, they expect the company's share price to reach $200.00 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
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Encore Wire's stock was trading at $137.56 on January 1st, 2023. Since then, WIRE stock has increased by 24.9% and is now trading at $171.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our WIRE earnings forecast.

Encore Wire will be holding an earnings conference call on Wednesday, February 15th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings data on Tuesday, October, 26th. The electronics maker reported $8.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $5.59. The electronics maker had revenue of $716.32 million for the quarter, compared to analyst estimates of $587.34 million. Encore Wire had a net margin of 23.43% and a trailing twelve-month return on equity of 46.63%. The company's revenue was up 110.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 EPS.

Encore Wire announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Friday, January 6th will be given a dividend of $0.02 per share on Friday, January 20th. This represents a $0.08 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend is Thursday, January 5th.
Read our dividend analysis for WIRE.

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 0.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIRE.

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.

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).

Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."

Encore Wire's stock is owned by a number of institutional and retail investors. Top institutional investors include Hodges Capital Management Inc. (1.49%), Comerica Bank (0.51%), Empowered Funds LLC (0.18%), ARGI Investment Services LLC (0.13%), New York State Teachers Retirement System (0.10%) and First Dallas Securities Inc. (0.10%).
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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.
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One share of WIRE stock can currently be purchased for approximately $171.80.

Encore Wire (NASDAQ:WIRE) has a market capitalization of $3.15 billion and generates $3.01 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $35.55 on an earnings per share basis.

The company employs 1,440 workers across the globe.

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 or via fax at 972-562-3644.