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NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$115.33
-1.53 (-1.31 %)
(As of 10/26/2021 04:00 PM ET)
Add
Compare
Today's Range
$113.20
$119.72
50-Day Range
$83.53
$112.31
52-Week Range
$45.65
$119.72
Volume232,166 shs
Average Volume128,088 shs
Market Capitalization$2.38 billion
P/E Ratio8.87
Dividend Yield0.07%
Beta1.14
30 days | 90 days | 365 days | Advanced Chart
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Encore Wire logo

About Encore Wire

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm is a significant supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. It offers an electric building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2 and other types of wire products, including Metal Clad, Armored Cable, Photovoltaic Cable and Bare Copper. Its principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

Headlines

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Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:WIRE
CUSIP
29256210
Employees
1,289
Year Founded
1989

Sales & Book Value

Annual Sales
$1.28 billion
Cash Flow
$6.29 per share
Book Value
$40.60 per share

Profitability

Net Income
$76.07 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$2.38 billion
Next Earnings Date
10/26/2021 (Confirmed)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

1.94 out of 5 stars

Industrial Products Sector

141st out of 240 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

6th out of 8 stocks

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












Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

Is Encore Wire a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Encore Wire stock.
View analyst ratings for Encore Wire
or view top-rated stocks.

What stocks does MarketBeat like better than Encore Wire?

Wall Street analysts have given Encore Wire a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Encore Wire wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Encore Wire?

Encore Wire saw a drop in short interest in September. As of September 30th, there was short interest totaling 387,300 shares, a drop of 27.1% from the September 15th total of 531,600 shares. Based on an average trading volume of 155,200 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.9% of the company's stock are sold short.
View Encore Wire's Short Interest
.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Encore Wire
.

How can I listen to Encore Wire's earnings call?

Encore Wire will be holding an earnings conference call on Wednesday, October 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings data on Monday, July, 26th. The electronics maker reported $8.82 EPS for the quarter, beating the consensus estimate of $1.38 by $7.44. The electronics maker had revenue of $744.40 million for the quarter, compared to analyst estimates of $456.52 million. Encore Wire had a net margin of 14.11% and a trailing twelve-month return on equity of 29.98%. Encore Wire's quarterly revenue was up 193.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share.
View Encore Wire's earnings history
.

How has Encore Wire's stock price been impacted by COVID-19?

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WIRE shares have increased by 159.7% and is now trading at $115.33.
View which stocks have been most impacted by COVID-19
.

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

Encore Wire declared a quarterly dividend on Monday, August 9th. Stockholders of record on Friday, October 1st will be given a dividend of $0.02 per share on Friday, October 15th. This represents a $0.08 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend is Thursday, September 30th.
View Encore Wire's dividend history
.

Is Encore Wire a good dividend stock?

Encore Wire pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.07%. The dividend payout ratio of Encore Wire is 2.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 0.87% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

What price target have analysts set for WIRE?

2 brokers have issued 1 year price targets for Encore Wire's stock. Their forecasts range from $65.00 to $80.00. On average, they anticipate Encore Wire's stock price to reach $72.50 in the next twelve months. This suggests that the stock has a possible downside of 37.1%.
View analysts' price targets for Encore Wire
or view top-rated stocks among Wall Street analysts.

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Daniel L. Jones, Chairman, President & Chief Executive Officer
  • Bret J. Eckert, Chief Financial Officer, Secretary, Treasurer & VP

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 institutional and retail investors. Top institutional shareholders include Frontier Capital Management Co. LLC (0.91%), Hodges Capital Management Inc. (0.74%), Baker Ellis Asset Management LLC (0.20%), Chatham Capital Group Inc. (0.13%), First Dallas Securities Inc. (0.09%) and Denali Advisors LLC (0.08%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford.
View institutional ownership trends for Encore Wire
.

Which major investors are selling Encore Wire stock?

WIRE stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, James Investment Research Inc., Foundry Partners LLC, Exchange Traded Concepts LLC, Cornerstone Investment Partners LLC, and Chatham Capital Group Inc..
View insider buying and selling activity for Encore Wire
or view top insider-selling stocks.

Which major investors are buying Encore Wire stock?

WIRE stock was purchased by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., First Dallas Securities Inc., Denali Advisors LLC, Assenagon Asset Management S.A., SummerHaven Investment Management LLC, Hillsdale Investment Management Inc., Baker Ellis Asset Management LLC, and Strs Ohio.
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 $115.33.

How much money does Encore Wire make?

Encore Wire has a market capitalization of $2.38 billion and generates $1.28 billion in revenue each year. The electronics maker earns $76.07 million in net income (profit) each year or $3.68 on an earnings per share basis.

How many employees does Encore Wire have?

Encore Wire employs 1,289 workers across the globe.

Does Encore Wire have any subsidiaries?

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

When was Encore Wire founded?

Encore Wire was founded in 1989.

What is Encore Wire's official website?

The official website for Encore Wire is www.encorewire.com.

Where are Encore Wire's headquarters?

Encore Wire is headquartered at 1329 MILLWOOD RD, MCKINNEY TX, 75069.

How can I contact Encore Wire?

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at (972) 562-9473.


This page was last updated on 10/26/2021 by MarketBeat.com Staff

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