NASDAQ:WIREEncore Wire Stock Price, Forecast & News Adding Choose a 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. Log In and Add $48.10 -0.20 (-0.41 %) (As of 05/29/2020 01:02 PM ET) Add Compare Share Today's Range$47.75Now: $48.11▼$48.7750-Day Range$41.58MA: $44.84▼$52.0452-Week Range$38.01Now: $48.11▼$62.08Volume37,178 shsAverage Volume136,968 shsMarket Capitalization$991.44 millionP/E Ratio15.93Dividend Yield0.16%Beta1.19 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingEncore Wire has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.00, Encore Wire has a potential upside of 26.8% from its current price of $48.11.Amount of Analyst CoverageEncore Wire has only been the subject of 1 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesEncore Wire has received 251 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEncore Wire has received 335 “underperform” votes. (Add your “underperform” vote.)Community SentimentEncore Wire has received 57.17% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipEncore Wire is a leading dividend payer. It pays a dividend yield of 0.16%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEncore Wire does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Encore Wire is 2.89 %. 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 3.48 % next year. This indicates that Encore Wire will be able to sustain or increase its dividend. Previous Next 1.0 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 3.21% of the stock of Encore Wire is held by insiders.Percentage Held by Institutions87.25% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Encore Wire are expected to decrease by -21.50% in the coming year, from $2.93 to $2.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 15.93, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 15.93, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.58.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.06 out of 5 stars 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 CIK850460 Webwww.encorewire.com Phone972-562-9473Debt Debt-to-Equity RatioN/A Current Ratio9.11 Quick Ratio7.55Price-To-Earnings Trailing P/E Ratio15.93 Forward P/E Ratio16.42 P/E GrowthN/A Sales & Book Value Annual Sales$1.27 billion Price / Sales0.78 Cash Flow$3.56 per share Price / Cash Flow13.52 Book Value$37.70 per share Price / Book1.28Profitability EPS (Most Recent Fiscal Year)$2.77 Net Income$58.13 million Net Margins5.01% Return on Equity8.23% Return on Assets7.29%Miscellaneous Employees1,380 Outstanding Shares20,610,000Market Cap$991.44 million Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NASDAQ:WIRE Rates by TradingView Receive WIRE News and Ratings via Email Sign-up to receive the latest news and ratings for WIRE and its competitors with MarketBeat's FREE daily newsletter. 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 increased by 8.3% and is now trading at $48.1050. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Encore Wire? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 hold rating and 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, August 4th 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 data on Tuesday, April, 28th. The electronics maker reported $0.89 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.41. The electronics maker had revenue of $302.79 million for the quarter, compared to the consensus estimate of $297.48 million. Encore Wire had a net margin of 5.01% and a return on equity of 8.23%. The company's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 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 Thursday, May 14th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.02 per share on Friday, July 17th. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Wednesday, July 1st. View Encore Wire's dividend history. What price target have analysts set for WIRE? 2 brokerages have issued 12 month price objectives for Encore Wire's shares. Their forecasts range from $56.00 to $66.00. On average, they expect Encore Wire's share price to reach $61.00 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price. View analysts' price targets for Encore Wire. Has Encore Wire been receiving favorable news coverage? News stories about WIRE stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Encore Wire earned a daily sentiment score of 2.7 on InfoTrie's scale. They also assigned news headlines about the electronics maker a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the near future. View the latest news aboutEncore Wire. Are investors shorting Encore Wire? Encore Wire saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 183,700 shares, a decline of 37.3% from the April 15th total of 293,100 shares. Based on an average daily trading volume, of 138,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.9% of the company's stock are short sold. View Encore Wire's Current Options Chain. Who are some of Encore Wire's key competitors? Some companies that are related to Encore Wire include Roper Technologies (ROP), Emerson Electric (EMR), Eaton (ETN), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), II-VI (IIVI), Acuity Brands (AYI), Regal Beloit (RBC), Brady (BRC), EnerSys (ENS), Vicor (VICR), Franklin Electric (FELE) and Belden (BDC). View all 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), Altria Group (MO), AT&T (T), Weyerhaeuser (WY), AbbVie (ABBV), Ecolab (ECL), General Electric (GE), Gilead Sciences (GILD), Harley-Davidson (HOG) and Helmerich & Payne (HP). 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 & MarketingMr. 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.29%), Victory Capital Management Inc. (5.58%), Victory Capital Management Inc. (5.57%), Janus Henderson Group PLC (5.24%), Frontier Capital Management Co. LLC (3.99%) and State Street Corp (3.17%). 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 Invesco Ltd., JPMorgan Chase & Co., Nuveen Asset Management LLC, Thrivent Financial for Lutherans, Morgan Stanley, Morgan Stanley, Hodges Capital Management Inc., and Frontier Capital Management Co. LLC. 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 activity for Encore Wire. Which major investors are buying Encore Wire stock? WIRE stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Matarin Capital Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Skylands Capital LLC, Aviva PLC, BlackRock Inc., and State Street Corp. 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 $48.11. How big of a company is Encore Wire? Encore Wire has a market capitalization of $991.44 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. What is Encore Wire's official website? The official website for Encore Wire is 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 5/29/2020 by MarketBeat.com Staff
