NASDAQ:WIRE Encore Wire - WIRE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $172.62 +0.82 (+0.48%) (As of 02/6/2023 12:52 PM ET) Add Compare Share Share Today's Range$169.19▼$173.3150-Day Range$133.42▼$171.9952-Week Range$94.39▼$175.03Volume68,756 shsAverage Volume151,044 shsMarket Capitalization$3.17 billionP/E Ratio4.86Dividend Yield0.05%Price Target$200.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Encore Wire MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside16.6% Upside$200.00 Price TargetShort InterestBearish14.18% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.78Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-53.73%From $33.35 to $15.43 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.1.84 out of 5 starsIndustrial Products Sector133rd out of 174 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry5th out of 7 stocks 2.5 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 $200.00, Encore Wire has a forecasted upside of 16.6% from its current price of $171.55.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted14.18% 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 12.8, which indicates bearish sentiment.Change versus previous monthShort interest in Encore Wire has recently increased by 1.23%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.05%, 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 0.23%. 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 0.52% 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 3.2 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 0.78. 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 0.58 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Encore Wire this week, compared to 2 articles on an average week.Search InterestOnly 16 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.MarketBeat Follows11 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is an increase of 22% 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 4.20% of the stock of Encore Wire is held by insiders.Percentage Held by Institutions99.20% 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 -53.73% in the coming year, from $33.35 to $15.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 4.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 4.83, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 15.51.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 2.59. 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 (NASDAQ:WIRE) StockEncore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm supplies 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.Read More 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 WIRE Stock News HeadlinesFebruary 5, 2023 | marketwatch.comWire and Cable Market Identify the Growth, Statistics, Revenue, challenges, and Forecast to 2028 | Newst 100 Pages ReportFebruary 4, 2023 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Hits New 12-Month High at $169.20February 6, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." January 22, 2023 | finance.yahoo.comDoes Encore Wire (NASDAQ:WIRE) Deserve A Spot On Your Watchlist?January 17, 2023 | seekingalpha.comTaking A Starter Position In Encore WireJanuary 13, 2023 | finance.yahoo.comEncore Wire (WIRE) Stock Moves 0.4%: What You Should KnowJanuary 5, 2023 | seekingalpha.comEncore Wire: How To Create Value For A Pure CommodityDecember 12, 2022 | marketwatch.comPower Wire Market For the period 2022 To 2028 : This research report shows the current state and prospects and Growth with Top Countries DataFebruary 6, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." December 1, 2022 | finance.yahoo.comEncore Wire Announces the Appointment of Bret J. Eckert to Executive Vice PresidentNovember 30, 2022 | finance.yahoo.com4 Stocks With Swelling Cash Flows to Enhance Your PortfolioNovember 25, 2022 | finance.yahoo.comEncore Wire (WIRE) Is a Great Choice for 'Trend' Investors, Here's WhyNovember 21, 2022 | finance.yahoo.comDespite Fast-paced Momentum, Encore Wire (WIRE) Is Still a Bargain StockNovember 15, 2022 | finance.yahoo.comEncore Wire Corporation (WIRE) Soars to 52-Week High, Time to Cash Out?November 11, 2022 | seekingalpha.comEncore Wire: They Built A Better MousetrapNovember 9, 2022 | seekingalpha.comEncore Wire: A Ticking Time Bomb As Short Sellers Continue To Pile OnNovember 8, 2022 | seekingalpha.comNegative Copper Spread Performance Could Be A Problem For Encore WireNovember 8, 2022 | finance.yahoo.comEncore Wire (NASDAQ:WIRE) jumps 4.0% this week, though earnings growth is still tracking behind five-year shareholder returnsNovember 2, 2022 | finance.yahoo.comWhy Fast-paced Mover Encore Wire (WIRE) Is a Great Choice for Value InvestorsOctober 31, 2022 | finance.yahoo.comEncore Wire (WIRE) Upgraded to Strong Buy: Here's WhyOctober 31, 2022 | finance.yahoo.comEncore Wire (WIRE) is a Great Momentum Stock: Should You Buy?October 26, 2022 | seekingalpha.comEncore Wire Corp (WIRE) Q3 2022 Earnings Call TranscriptOctober 25, 2022 | finance.yahoo.comEncore Wire Reports Third Quarter Results; Highlights Continued Share Repurchases During 2022October 18, 2022 | finance.yahoo.comEncore Wire (WIRE) to Report Q3 Earnings: What's in Store?October 17, 2022 | finance.yahoo.comHere Is Why Bargain Hunters Would Love Fast-paced Mover Encore Wire (WIRE)October 11, 2022 | msn.comEncore Wire (WIRE) Stock Moves -0.24%: What You Should KnowOctober 4, 2022 | seekingalpha.comEncore Wire Corporation: Still Extremely UndervaluedSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 WIRE Company Calendar Last Earnings10/26/2021Ex-Dividend for 1/20 Dividend1/05/2023Dividend Payable1/20/2023Today2/06/2023Next Earnings (Confirmed)2/14/2023Fiscal Year End12/31/2023Get 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) 562-9473Fax972-562-3644Employees1,440Year Founded1989Price Target and Rating Average Stock Price Forecast$200.00 High Stock Price Forecast$200.00 Low Stock Price Forecast$200.00 Forecasted Upside/Downside+15.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$35.55 Trailing P/E Ratio4.86 Forward P/E Ratio5.18 P/E GrowthN/ANet Income$541.42 million Net Margins23.43% Pretax Margin30.17% Return on Equity46.63% Return on Assets41.24% Debt Debt-to-Equity RatioN/A Current Ratio8.54 Quick Ratio7.64 Sales & Book Value Annual Sales$2.59 billion Price / Sales1.22 Cash Flow$28.02 per share Price / Cash Flow6.16 Book Value$66.11 per share Price / Book2.61Miscellaneous Outstanding Shares18,340,000Free Float17,573,000Market Cap$3.17 billion OptionableOptionable Beta1.35 Social Links Key ExecutivesDaniel L. JonesChairman, President & Chief Executive OfficerBret J. EckertCFO, Secretary, Treasurer & Executive VPKey CompetitorsArconicNYSE:ARNCMueller IndustriesNYSE:MLIKaiser AluminumNASDAQ:KALUWorthington IndustriesNYSE:WORHillenbrandNYSE:HIView All CompetitorsInsiders & InstitutionsHodges Capital Management Inc.Bought 99,517 shares on 2/3/2023Ownership: 1.487%First Dallas Securities Inc.Sold 1,350 shares on 2/3/2023Ownership: 0.103%D.A. Davidson & CO.Bought 1,623 shares on 2/3/2023Ownership: 0.009%Nisa Investment Advisors LLCBought 870 shares on 2/2/2023Ownership: 0.085%ProShare Advisors LLCBought 256 shares on 2/2/2023Ownership: 0.015%View All Institutional Transactions WIRE Stock - Frequently Asked Questions Should I buy or sell Encore Wire stock right now? 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. View WIRE analyst ratings or view top-rated stocks. What is Encore Wire's stock price forecast for 2023? 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. 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 24.9% and is now trading at $171.80. 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 14th 2023. View our WIRE earnings forecast. How can I listen to Encore Wire's earnings call? 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. How were Encore Wire's earnings last quarter? 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. How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire? 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. 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 0.05%. 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. 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). 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 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%). 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. What is Encore Wire's stock price today? One share of WIRE stock can currently be purchased for approximately $171.80. How much money does Encore Wire make? 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. How many employees does Encore Wire have? The company 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 How can I contact Encore Wire? 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. This page (NASDAQ:WIRE) was last updated on 2/6/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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