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NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$107.58
+4.00 (+3.86%)
(As of 06/24/2022 04:00 PM ET)
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Compare
Today's Range
$104.28
$109.33
50-Day Range
$103.58
$146.03
52-Week Range
$65.98
$151.64
Volume
326,280 shs
Average Volume
244,437 shs
Market Capitalization
$2.12 billion
P/E Ratio
3.34
Dividend Yield
0.08%
Price Target
$175.00
30 days | 90 days | 365 days | Advanced Chart

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WIRE Stock Forecast (MarketRank)

Overall MarketRank

2.39 out of 5 stars

Industrial Products Sector

99th out of 255 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

3rd out of 8 stocks

Analyst Opinion: 3.5Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
Encore Wire logo

About Encore Wire (NASDAQ:WIRE)

Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. The company's products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. It sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.

WIRE Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:WIRE
CUSIP
29256210
Employees
1,440
Year Founded
1989

Company Calendar

Ex-Dividend for 4/14 Dividend
3/31/2022
Dividend Payable
4/14/2022
Last Earnings
4/28/2022
Today
6/24/2022
Ex-Dividend for 7/15 Dividend
6/30/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$175.00
High Stock Price Forecast
$175.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+62.7%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$541.42 million
Pretax Margin
29.73%

Debt

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$27.87 per share
Book Value
$66.11 per share

Miscellaneous

Free Float
18,899,000
Market Cap
$2.12 billion
Optionable
Optionable
Beta
1.10

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Encore Wire 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" Encore Wire stock.
View analyst ratings for Encore Wire
or view top-rated stocks.

What is Encore Wire's stock price forecast for 2022?

1 Wall Street research analysts have issued 12-month price targets for Encore Wire's stock. Their WIRE stock forecasts range from $175.00 to $175.00. On average, they predict Encore Wire's share price to reach $175.00 in the next twelve months. This suggests a possible upside of 62.7% from the stock's current price.
View analysts' price targets for Encore Wire
or view top-rated stocks among Wall Street analysts.

How has Encore Wire's stock price performed in 2022?

Encore Wire's stock was trading at $143.10 at the beginning of the year. Since then, WIRE stock has decreased by 24.8% and is now trading at $107.58.
View the best growth stocks for 2022 here
.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Encore Wire
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings results on Thursday, April, 28th. The electronics maker reported $7.96 EPS for the quarter, topping the consensus estimate of $2.38 by $5.58. The electronics maker earned $723.07 million during the quarter, compared to analyst estimates of $567.63 million. Encore Wire had a net margin of 23.05% and a trailing twelve-month return on equity of 52.38%. Encore Wire's revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.99 earnings per share.
View Encore Wire's earnings history
.

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

Encore Wire announced a quarterly dividend on Friday, May 6th. Stockholders of record on Friday, July 1st will be given a dividend of $0.02 per share on Friday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date of this dividend is Thursday, June 30th.
View Encore Wire's dividend history
.

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 0.08%. The dividend payout ratio of Encore Wire is 0.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 0.59% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 59, Pay $4.53M)
  • Mr. Bret J. Eckert, CFO, VP of Fin., Treasurer & Sec. (Age 55, Pay $2.25M)
  • Mr. David K. Smith, VP of Operations (Age 62)
  • Mr. William T. Bigbee, VP of Operations
  • Mr. Kevin M. Keiffer, VP of Sales & Marketing
  • Mr. Matthew D. Ford, Assistant Sec. & Controller

What is Daniel L. Jones' approval rating as Encore Wire's CEO?

24 employees have rated Encore Wire CEO Daniel L. Jones on Glassdoor.com. Daniel L. Jones has an approval rating of 59% among Encore Wire'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. (15.84%), Vanguard Group Inc. (11.35%), Dimensional Fund Advisors LP (7.73%), State Street Corp (3.41%), Westwood Holdings Group Inc. (1.70%) and Royce & Associates LP (1.59%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford.
View institutional ownership trends for Encore Wire
.

Which institutional investors are selling Encore Wire stock?

WIRE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Skylands Capital LLC, Russell Investments Group Ltd., Northern Trust Corp, Bank of America Corp DE, and BNP Paribas Arbitrage SA.
View insider buying and selling activity for Encore Wire
or view top insider-selling stocks.

Which institutional investors are buying Encore Wire stock?

WIRE stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Goldman Sachs Group Inc., Acadian Asset Management LLC, Prudential Financial Inc., First National Trust Co, Group One Trading L.P., Invesco Ltd., and Cibc World Market Inc..
View insider buying and selling activity for Encore Wire
or or view top insider-buying stocks.

How do I buy shares of Encore Wire?

Shares of WIRE 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 $107.58.

How much money does Encore Wire make?

Encore Wire (NASDAQ:WIRE) has a market capitalization of $2.12 billion and generates $2.59 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $32.20 on an earnings per share basis.

How many employees does Encore Wire have?

Encore Wire employs 1,440 workers across the globe.

Does Encore Wire have any subsidiaries?

The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.
Read More

When was Encore Wire founded?

Encore Wire was founded in 1989.

How can I contact Encore Wire?

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The official website for Encore Wire is www.encorewire.com. The electronics maker can be reached via phone at (972) 562-9473 or via fax at 972-562-3644.

This page (NASDAQ:WIRE) was last updated on 6/24/2022 by MarketBeat.com Staff

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