NASDAQ:WIRE Encore 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. $97.47 -4.64 (-4.54%) (As of 07/5/2022 12:00 AM ET) Add Compare Share Today's Range$95.22▼$100.9850-Day Range$97.47▼$146.0352-Week Range$65.98▼$151.64Volume501,831 shsAverage Volume251,583 shsMarket Capitalization$1.92 billionP/E Ratio3.03Dividend Yield0.08%Price Target$175.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Encore Wire MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside79.5% Upside$175.00 Price TargetShort InterestBearish7.69% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.83Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-29.35%From $19.18 to $13.55 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.28 out of 5 starsIndustrial Products Sector60th out of 215 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry3rd out of 8 stocks 3.5 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 $175.00, Encore Wire has a forecasted upside of 79.5% from its current price of $97.47.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.69% 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 6.4.Change versus previous monthShort interest in Encore Wire has recently increased by 2.82%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.08%, 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 0.25%. 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 0.59% next year. This indicates that Encore Wire will be able to sustain or increase its dividend. Previous Next 0.0 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 0.83. 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 0.60 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Encore Wire this week, compared to 1 article on an average week.Search Interest10 people have searched for WIRE on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 Institutions90.89% 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 -29.35% in the coming year, from $19.18 to $13.55 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 3.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 85.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 3.03, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.48.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 1.47. 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 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 About Encore Wire (NASDAQ:WIRE) StockEncore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. The company's products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. It sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.Read More WIRE Stock News HeadlinesJuly 5, 2022 | finance.yahoo.comIs Encore Wire (WIRE) a Suitable Stock for Value Investors?June 29, 2022 | finance.yahoo.comShould You Think About Buying Encore Wire Corporation (NASDAQ:WIRE) Now?June 27, 2022 | uk.finance.yahoo.comFour signs of a competitive moat at Encore Wire (NSQ:WIRE)June 25, 2022 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Stock Price Down 3.9%June 20, 2022 | finance.yahoo.comZacks.com featured highlights Marubeni, Encore Wire, Photronics and Universal LogisticsJune 9, 2022 | finance.yahoo.comRecent Price Trend in Encore Wire (WIRE) is Your Friend, Here's WhyJune 8, 2022 | finance.yahoo.comZacks.com featured highlights include Encore Wire, Black Stone Minerals and Star Bulk CarriersJune 8, 2022 | finance.yahoo.comIs Belden (BDC) a Great Value Stock Right Now?June 1, 2022 | finance.yahoo.comEncore Wire (WIRE) Stock Moves -0.01%: What You Should KnowMay 31, 2022 | finance.yahoo.comEncore Wire (NASDAQ:WIRE) jumps 6.5% this week, though earnings growth is still tracking behind five-year shareholder returnsMay 27, 2022 | finance.yahoo.comEncore Wire (WIRE) Just Reclaimed the 20-Day Moving AverageMay 24, 2022 | nasdaq.comWIRE Makes Notable Cross Below Critical Moving AverageMay 14, 2022 | seekingalpha.comEncore Wire: A Long-Term Deep Value PlayMay 13, 2022 | seekingalpha.comEncore Wire Looks Like It Is Only Getting StartedMay 9, 2022 | finance.yahoo.com5 Increasing Cash-Flow Backed Stocks You Should Pick NowApril 29, 2022 | nasdaq.comEncore Wire Shares Cross Above 200 DMAApril 29, 2022 | seekingalpha.comEncore Wire Corporation (WIRE) CEO Daniel Jones on Q1 2022 Results - Earnings Call TranscriptApril 28, 2022 | finance.yahoo.comEncore Wire Reports First Quarter Results; Continued Strong Gross Profit Margins; Highlights Share Repurchases During QuarterApril 25, 2022 | nasdaq.comEncore Wire (WIRE) to Post Q1 Earnings: What's in the Cards?April 21, 2022 | finance.yahoo.comIs Weakness In Encore Wire Corporation (NASDAQ:WIRE) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?April 12, 2022 | finance.yahoo.comZacks.com featured highlights include Louisiana-Pacific, PDC Energy, Encore Wire, and TimkenSteelMarch 25, 2022 | finance.yahoo.com4 Stocks With Solid Net Profit Margin to Boost Portfolio ReturnsMarch 14, 2022 | finance.yahoo.comEncore Wire Corp: A Low Price-Earnings Value OpportunityMarch 10, 2022 | msn.comEncore Wire (WIRE) Gains As Market Dips: What You Should KnowMarch 8, 2022 | finance.yahoo.comShould You Be Adding Encore Wire (NASDAQ:WIRE) To Your Watchlist Today?See More Headlines Industry, 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 Founded1989Company Calendar Ex-Dividend for 4/14 Dividend3/31/2022Dividend Payable4/14/2022Last Earnings4/28/2022Ex-Dividend for 7/15 Dividend6/30/2022Today7/05/2022Dividend Payable7/15/2022Next Earnings (Estimated)7/26/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$175.00 High Stock Price Forecast$175.00 Low Stock Price Forecast$175.00 Forecasted Upside/Downside+79.5%Consensus RatingBuy Rating Score (0-4)3 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$32.20 Trailing P/E Ratio3.03 Forward P/E Ratio5.08 P/E GrowthN/ANet Income$541.42 million Net Margins23.05% Pretax Margin29.73% Return on Equity52.38% Return on Assets45.18% Debt Debt-to-Equity RatioN/A Current Ratio6.20 Quick Ratio5.56 Sales & Book Value Annual Sales$2.59 billion Price / Sales0.74 Cash Flow$26.63 per share Price / Cash Flow3.66 Book Value$66.11 per share Price / Book1.47Miscellaneous Outstanding Shares19,730,000Free Float18,899,000Market Cap$1.92 billion OptionableOptionable Beta1.15 Social Links Encore Wire 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" Encore Wire stock. View analyst ratings for Encore Wire or view top-rated stocks. What is Encore Wire's stock price forecast for 2022? 1 brokerages have issued 1 year price objectives for Encore Wire's stock. Their WIRE stock forecasts range from $175.00 to $175.00. On average, they anticipate Encore Wire's stock price to reach $175.00 in the next twelve months. This suggests a possible upside of 79.5% from the stock's current price. View analysts' price targets for Encore Wire or view top-rated stocks among Wall Street analysts. How has Encore Wire's stock performed in 2022? Encore Wire's stock was trading at $143.10 on January 1st, 2022. Since then, WIRE shares have decreased by 31.9% and is now trading at $97.47. View the best growth stocks for 2022 here. When is Encore Wire's next earnings date? Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022. View our earnings forecast for Encore Wire. How were Encore Wire's earnings last quarter? Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings data on Thursday, April, 28th. The electronics maker reported $7.96 EPS for the quarter, beating the consensus estimate of $2.38 by $5.58. The electronics maker had revenue of $723.07 million for the quarter, compared to the consensus estimate of $567.63 million. Encore Wire had a net margin of 23.05% and a trailing twelve-month return on equity of 52.38%. The firm's revenue for the quarter was up 62.8% on a year-over-year basis. During the same period last year, the business posted $1.99 earnings per share. View Encore Wire's earnings history. How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire? Encore Wire declared a quarterly dividend on Friday, May 6th. Stockholders of record on Friday, July 1st will be given a dividend of $0.02 per share on Friday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date is Thursday, June 30th. View Encore Wire's dividend history. 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 0.08%. The dividend payout ratio of Encore Wire is 0.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 0.59% next year. This indicates that Encore Wire will be able to sustain or increase its dividend. View Encore Wire's dividend history. Who are Encore Wire's key executives? Encore Wire's management team includes the following people: Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 59, Pay $4.53M)Mr. Bret J. Eckert, CFO, VP of Fin., Treasurer & Sec. (Age 55, Pay $2.25M)Mr. David K. Smith, VP of Operations (Age 62)Mr. William T. Bigbee, VP of OperationsMr. Kevin M. Keiffer, VP of Sales & MarketingMr. Matthew D. Ford, Assistant Sec. & Controller What is Daniel L. Jones' approval rating as Encore Wire's CEO? 24 employees have rated Encore Wire CEO Daniel L. Jones on Glassdoor.com. Daniel L. Jones has an approval rating of 59% among Encore Wire's employees. This puts Daniel L. Jones in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Who are some of Encore Wire's key competitors? Some companies that are related to Encore Wire include Eaton (ETN), Emerson Electric (EMR), Roper Technologies (ROP), Enphase Energy (ENPH), AMETEK (AME), Rockwell Automation (ROK), Generac (GNRC), Acuity Brands (AYI), II-VI (IIVI), Franklin Electric (FELE), EnerSys (ENS), Brady (BRC), Vicor (VICR), Belden (BDC) and FuelCell Energy (FCEL). View all of WIRE's 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), 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." 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 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 $97.47. How much money does Encore Wire make? Encore Wire (NASDAQ:WIRE) has a market capitalization of $1.92 billion and generates $2.59 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $32.20 on an earnings per share basis. How many employees does Encore Wire have? Encore Wire 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 When was Encore Wire founded? Encore Wire was founded in 1989. How can I contact Encore Wire? Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The official website for Encore Wire is www.encorewire.com. The electronics maker can be reached via phone at (972) 562-9473 or via fax at 972-562-3644. 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