Encore Wire Corporation manufactures and sells electrical building wire and cable products for interior electrical wiring in the United States. Its products include NM-B cable for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2, metal-clad, and armored cables for use primarily as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products. The company markets its products primarily through independent manufacturers' representatives to wholesale electrical distributors. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
Current SymbolNASDAQ:WIRE
Previous Symbol
CUSIP29256210
Phone972-562-9473
Debt
Debt-to-Equity RatioN/A
Current Ratio6.17
Quick Ratio4.99
Price-To-Earnings
Trailing P/E Ratio18.53
Forward P/E Ratio14.82
P/E Growth1.5
Sales & Book Value
Annual Sales$1.16 billion
Price / Sales0.87
Cash Flow$3.3215 per share
Price / Cash14.59
Book Value$33.28 per share
Price / Book1.46
Profitability
EPS (Most Recent Fiscal Year)$2.61
Net Income$67.01 million
Net Margins6.42%
Return on Equity10.39%
Return on Assets9.12%
Miscellaneous
Employees1,235
Outstanding Shares20,880,000
Market Cap$1.03 billion
OptionableOptionable
Encore Wire (NASDAQ:WIRE) Frequently Asked Questions
What is Encore Wire's stock symbol?
Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."
How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?
Encore Wire announced a quarterly dividend on Wednesday, November 14th. Shareholders of record on Friday, January 4th will be given a dividend of $0.02 per share on Friday, January 18th. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Thursday, January 3rd. View Encore Wire's Dividend History.
How were Encore Wire's earnings last quarter?
Encore Wire Co. (NASDAQ:WIRE) announced its earnings results on Tuesday, October, 30th. The electronics maker reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.42. The electronics maker earned $340.70 million during the quarter, compared to analyst estimates of $302.86 million. Encore Wire had a return on equity of 10.39% and a net margin of 6.42%. Encore Wire's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. View Encore Wire's Earnings History.
When is Encore Wire's next earnings date?
What price target have analysts set for WIRE?
2 brokerages have issued 1-year price targets for Encore Wire's stock. Their forecasts range from $58.00 to $60.00. On average, they expect Encore Wire's share price to reach $59.00 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View Analyst Price Targets for Encore Wire.
What is the consensus analysts' recommendation for Encore Wire?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Encore Wire.
Has Encore Wire been receiving favorable news coverage?
News articles about WIRE stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Encore Wire earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave press coverage about the electronics maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of Encore Wire's key competitors?
Who are Encore Wire's key executives?
Encore Wire's management team includes the folowing people:
- Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 55)
- Mr. Frank J. Bilban, VP of Fin., Treasurer, Sec. & CFO (Age 62)
- Mr. David K. Smith, VP of Operations (Age 58)
- Mr. Kevin M. Keiffer, VP of Sales & Marketing
- Mr. Matthew D. Ford, Assistant Sec. & Controller
Who are Encore Wire's major shareholders?
Encore Wire's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.00%), Victory Capital Management Inc. (5.75%), Frontier Capital Management Co. LLC (5.13%), Janus Henderson Group PLC (5.02%), Hodges Capital Management Inc. (2.42%) and Thrivent Financial for Lutherans (2.30%). 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 Hodges Capital Management Inc., Royce & Associates LP, Janus Henderson Group PLC, Heartland Advisors Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., First Dallas Securities Inc. and Russell Investments Group Ltd.. Company insiders that have sold Encore Wire company stock in the last year include Frank J Bilban and Matthew D Ford. View Insider Buying and Selling for Encore Wire.
Which major investors are buying Encore Wire stock?
WIRE stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Matarin Capital Management LLC, Wells Fargo & Company MN, Frontier Capital Management Co. LLC, AQR Capital Management LLC, Morgan Stanley, Putnam Investments LLC and First Trust Advisors LP. View Insider Buying and Selling for Encore Wire.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Encore Wire's stock price today?
One share of WIRE stock can currently be purchased for approximately $48.46.
How big of a company is Encore Wire?
Encore Wire has a market capitalization of $1.03 billion and generates $1.16 billion in revenue each year. The electronics maker earns $67.01 million in net income (profit) each year or $2.61 on an earnings per share basis. Encore Wire employs 1,235 workers across the globe.
What is Encore Wire's official website?
How can I contact Encore Wire?
Encore Wire's mailing address is 1329 MILLWOOD ROAD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at 972-562-9473.
MarketBeat Community Rating for Encore Wire (NASDAQ WIRE)
MarketBeat's community ratings are surveys of what our community members think about Encore Wire and other stocks. Vote "Outperform" if you believe WIRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WIRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
