Encore Wire Stock Price, News & Analysis (NASDAQ:WIRE)

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

Encore Wire announced a quarterly dividend on Thursday, August 8th. Investors of record on Friday, October 4th will be given a dividend of $0.02 per share on Friday, October 18th. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Thursday, October 3rd. View Encore Wire's Dividend History.

Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings data on Tuesday, July, 30th. The electronics maker reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.88 by $0.03. The electronics maker earned $336.87 million during the quarter, compared to analyst estimates of $330.42 million. Encore Wire had a return on equity of 11.01% and a net margin of 6.09%. The business's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. View Encore Wire's Earnings History.

Encore Wire is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Encore Wire.

2 analysts have issued 1-year target prices for Encore Wire's shares. Their predictions range from $58.00 to $60.00. On average, they anticipate Encore Wire's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View Analyst Price Targets 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.

News articles about WIRE stock have trended negative on Friday, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Encore Wire earned a news sentiment score of -2.9 on InfoTrie's scale. They also gave media headlines about the electronics maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Encore Wire.

Encore Wire saw a increase in short interest in August. As of August 31st, there was short interest totalling 295,400 shares, an increase of 5.7% from the July 31st total of 279,500 shares. Based on an average trading volume of 69,700 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.5% of the shares of the company are short sold. View Encore Wire's Current Options Chain.

Some companies that are related to Encore Wire include Mueller Industries (MLI), Kaiser Aluminum (KALU), Global Brass and Copper (BRSS), Tredegar (TG) and Quanex Building Products (NX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Encore Wire investors own include Verizon Communications (VZ), Intuit (INTU), Lam Research (LRCX), NVIDIA (NVDA), General Electric (GE), Phillips 66 (PSX), United Technologies (UTX), Broadcom (AVGO), Carbonite (CARB) and Entegris (ENTG).

Encore Wire's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.45%), Vanguard Group Inc. (9.89%), Barrow Hanley Mewhinney & Strauss LLC (4.07%), Barrow Hanley Mewhinney & Strauss LLC (4.07%), Victory Capital Management Inc. (4.00%) and Janus Henderson Group PLC (2.27%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford. View Institutional Ownership Trends for Encore Wire.

WIRE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Janus Henderson Group PLC, Janus Henderson Group PLC, Marshall Wace LLP, Granite Investment Partners LLC and Prudential Financial Inc.. View Insider Buying and Selling for Encore Wire.

WIRE stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Panagora Asset Management Inc., Wells Fargo & Company MN, AQR Capital Management LLC, Charles Schwab Investment Management Inc., Bank of Montreal Can, Citadel Advisors LLC and Systematic Financial Management LP. View Insider Buying and Selling for 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.

One share of WIRE stock can currently be purchased for approximately $57.56.

Encore Wire has a market capitalization of $1.20 billion and generates $1.29 billion in revenue each year. The electronics maker earns $78.15 million in net income (profit) each year or $3.74 on an earnings per share basis. Encore Wire employs 1,278 workers across the globe.View Additional Information About Encore Wire.

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

Encore Wire's mailing address is 1329 MILLWOOD ROAD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at 972-562-9473.