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NASDAQ:WIREEncore Wire Stock Price, Forecast & News

$41.73
+3.10 (+8.02 %)
(As of 04/7/2020 04:26 AM ET)
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Today's Range
$39.50
Now: $41.73
$41.88
50-Day Range
$38.63
MA: $46.10
$56.65
52-Week Range
$38.01
Now: $41.73
$62.08
Volume212,200 shs
Average Volume136,688 shs
Market Capitalization$876.25 million
P/E Ratio15.07
Dividend Yield0.21%
Beta1.28
Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables 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 sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.26 out of 5 stars


Industry, Sector and Symbol

Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
Current SymbolNASDAQ:WIRE
CUSIP29256210
Phone972-562-9473

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.27 billion
Cash Flow$3.91 per share
Book Value$37.17 per share

Profitability

Net Income$58.13 million

Miscellaneous

Employees1,380
Market Cap$876.25 million
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

How has Encore Wire's stock been impacted by COVID-19 (Coronavirus)?

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WIRE shares have decreased by 6.0% and is now trading at $41.73. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Encore Wire?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Encore Wire.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Encore Wire.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings results on Wednesday, February, 19th. The electronics maker reported $0.50 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.82 by $0.32. The electronics maker had revenue of $302.25 million for the quarter, compared to the consensus estimate of $308.31 million. Encore Wire had a return on equity of 7.66% and a net margin of 4.56%. The business's revenue was down 5.5% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. 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 Wednesday, February 26th. Investors of record on Friday, April 3rd will be given a dividend of $0.02 per share on Friday, April 17th. This represents a $0.08 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, April 2nd. View Encore Wire's dividend history.

What price target have analysts set for WIRE?

1 Wall Street analysts have issued 1-year target prices for Encore Wire's shares. Their forecasts range from $66.00 to $66.00. On average, they anticipate Encore Wire's stock price to reach $66.00 in the next year. This suggests a possible upside of 58.2% from the stock's current price. View analysts' price targets for Encore Wire.

Has Encore Wire been receiving favorable news coverage?

Press coverage about WIRE stock has trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Encore Wire earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned media headlines about the electronics maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutEncore Wire.

Are investors shorting Encore Wire?

Encore Wire saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 469,000 shares, a drop of 6.8% from the February 27th total of 503,000 shares. Based on an average trading volume of 125,600 shares, the days-to-cover ratio is currently 3.7 days. Approximately 2.3% of the shares of the company are sold short. View Encore Wire's Current Options Chain.

Who are some of Encore Wire's key competitors?

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), Helmerich & Payne (HP), Altria Group (MO), AT&T (T), Weyerhaeuser (WY), Intuit (INTU), Lam Research (LRCX), NVIDIA (NVDA), AbbVie (ABBV) and Ecolab (ECL).

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 56)
  • Mr. Frank J. Bilban, VP of Fin., Treasurer, Sec. & CFO (Age 63)
  • Mr. David K. Smith, VP of Operations (Age 59)
  • Mr. Kevin M. Keiffer, VP of Sales & Marketing
  • Mr. Matthew D. Ford, Assistant Sec. & Controller

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 shareholders include State of Alaska Department of Revenue (0.09%). 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 buying Encore Wire stock?

WIRE stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Encore Wire's stock price today?

One share of WIRE stock can currently be purchased for approximately $41.73.

How big of a company is Encore Wire?

Encore Wire has a market capitalization of $876.25 million and generates $1.27 billion in revenue each year. The electronics maker earns $58.13 million in net income (profit) each year or $2.77 on an earnings per share basis. Encore Wire employs 1,380 workers across the globe. View additional information about Encore Wire.

What is Encore Wire's official website?

The official website for Encore Wire is http://www.encorewire.com/.

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.

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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