Encore Wire - WIRE Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. 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.

1 brokerages have issued 1 year target prices for Encore Wire's shares. Their WIRE share price forecasts range from $190.00 to $190.00. On average, they expect the company's stock price to reach $190.00 in the next year. This suggests a possible upside of 35.1% from the stock's current price.
View analysts price targets for WIRE or view top-rated stocks among Wall Street analysts.

Encore Wire's stock was trading at $143.10 at the start of the year. Since then, WIRE shares have decreased by 1.7% and is now trading at $140.67.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our WIRE earnings forecast.

Encore Wire Co. (NASDAQ:WIRE) announced its earnings results on Monday, July, 25th. The electronics maker reported $10.71 EPS for the quarter, topping the consensus estimate of $5.14 by $5.57. The electronics maker earned $838.20 million during the quarter, compared to analysts' expectations of $727.08 million. Encore Wire had a trailing twelve-month return on equity of 49.46% and a net margin of 23.24%. The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $8.82 earnings per share.

Encore Wire declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Friday, October 7th will be given a dividend of $0.02 per share on Friday, October 21st. This represents a $0.08 annualized dividend and a yield of 0.06%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for WIRE.

Encore Wire (NASDAQ:WIRE) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.06%. 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 0.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIRE.

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.

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).

Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."

Encore Wire's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (3.55%), JPMorgan Chase & Co. (1.93%), Royce & Associates LP (1.92%), Northern Trust Corp (1.54%), Goldman Sachs Group Inc. (1.39%) and Prudential Financial Inc. (1.12%). Insiders that own company stock include Frank J Bilban and Matthew D Ford.
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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.
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One share of WIRE stock can currently be purchased for approximately $140.67.

Encore Wire (NASDAQ:WIRE) has a market capitalization of $2.69 billion and generates $2.59 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $34.09 on an earnings per share basis.

The company employs 1,440 workers across the globe.

Encore Wire was founded in 1989.

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.